UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 1,293 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 8.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,180 shares of the construction company’s stock after selling 1,293 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.17% of BlueLinx worth $1,495,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BXC. nVerses Capital LLC grew its position in shares of BlueLinx by 200.0% during the second quarter. nVerses Capital LLC now owns 300 shares of the construction company’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of BlueLinx during the second quarter valued at approximately $39,000. Meeder Asset Management Inc. bought a new stake in shares of BlueLinx during the second quarter valued at approximately $70,000. Quest Partners LLC boosted its position in shares of BlueLinx by 43.2% during the third quarter. Quest Partners LLC now owns 1,133 shares of the construction company’s stock worth $119,000 after acquiring an additional 342 shares during the last quarter. Finally, FMR LLC grew its stake in BlueLinx by 10.5% during the third quarter. FMR LLC now owns 1,545 shares of the construction company’s stock valued at $163,000 after acquiring an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 90.83% of the company’s stock.

BlueLinx Price Performance

BXC opened at $117.52 on Tuesday. The company has a current ratio of 4.58, a quick ratio of 3.26 and a debt-to-equity ratio of 0.88. The business’s fifty day simple moving average is $117.38 and its 200-day simple moving average is $106.76. The company has a market capitalization of $984.94 million, a price-to-earnings ratio of 34.16 and a beta of 2.05. BlueLinx Holdings Inc. has a 12-month low of $87.67 and a 12-month high of $134.79.

Analyst Upgrades and Downgrades

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

About BlueLinx

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.