Charles Schwab Investment Management Inc. Has $17.62 Million Stock Position in BlueLinx Holdings Inc. (NYSE:BXC)

Charles Schwab Investment Management Inc. lifted its stake in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 28.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 167,178 shares of the construction company’s stock after purchasing an additional 36,968 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.99% of BlueLinx worth $17,624,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Victory Capital Management Inc. lifted its position in shares of BlueLinx by 600.3% during the 3rd quarter. Victory Capital Management Inc. now owns 218,685 shares of the construction company’s stock worth $23,054,000 after buying an additional 187,456 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new stake in shares of BlueLinx during the 2nd quarter worth $495,000. Harbor Capital Advisors Inc. lifted its position in shares of BlueLinx by 151.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 137,193 shares of the construction company’s stock worth $14,463,000 after buying an additional 82,657 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of BlueLinx by 548.6% during the 2nd quarter. Squarepoint Ops LLC now owns 22,644 shares of the construction company’s stock worth $2,108,000 after buying an additional 19,153 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of BlueLinx by 10.0% during the 2nd quarter. Renaissance Technologies LLC now owns 75,100 shares of the construction company’s stock worth $6,991,000 after buying an additional 6,800 shares during the last quarter. 90.83% of the stock is owned by institutional investors and hedge funds.

BlueLinx Price Performance

BlueLinx stock opened at $127.27 on Friday. The stock has a 50-day moving average price of $115.30 and a two-hundred day moving average price of $105.89. The company has a current ratio of 4.58, a quick ratio of 3.26 and a debt-to-equity ratio of 0.88. BlueLinx Holdings Inc. has a 12 month low of $87.67 and a 12 month high of $134.79. The company has a market capitalization of $1.07 billion, a PE ratio of 37.00 and a beta of 2.05.

Analysts Set New Price Targets

Separately, StockNews.com upgraded BlueLinx from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $135.67.

BlueLinx Profile

BlueLinx Holdings Inc, together with its subsidiaries, engages in the distribution of residential and commercial building products in the United States. It distributes specialty products, including engineered wood, siding, millwork, outdoor living, specialty lumber and panels, and industrial products; and structural products, such as lumber, plywood, oriented strand boards, rebars and remesh, as well as other wood products that are used for structural support in construction projects.