BlueLinx Holdings Inc. (NYSE:BXC) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its holdings in BlueLinx Holdings Inc. (NYSE:BXC) by 0.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 193,302 shares of the construction company’s stock after selling 993 shares during the period. Geode Capital Management LLC owned approximately 2.31% of BlueLinx worth $20,382,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vestcor Inc boosted its holdings in BlueLinx by 1,797.6% in the third quarter. Vestcor Inc now owns 12,714 shares of the construction company’s stock valued at $1,340,000 after purchasing an additional 12,044 shares during the period. Barclays PLC raised its position in BlueLinx by 32.0% in the 3rd quarter. Barclays PLC now owns 45,229 shares of the construction company’s stock valued at $4,767,000 after purchasing an additional 10,966 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of BlueLinx by 59.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 377 shares of the construction company’s stock valued at $40,000 after buying an additional 140 shares during the period. State Street Corp grew its position in shares of BlueLinx by 0.6% during the third quarter. State Street Corp now owns 198,003 shares of the construction company’s stock worth $20,873,000 after buying an additional 1,252 shares in the last quarter. Finally, Quadrature Capital Ltd increased its stake in shares of BlueLinx by 108.1% during the third quarter. Quadrature Capital Ltd now owns 6,957 shares of the construction company’s stock worth $733,000 after buying an additional 3,614 shares during the period. Institutional investors and hedge funds own 90.83% of the company’s stock.

Analyst Ratings Changes

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

BlueLinx Stock Down 2.7 %

BlueLinx stock opened at $103.72 on Friday. The stock’s fifty day moving average is $117.11 and its two-hundred day moving average is $107.28. The stock has a market cap of $869.28 million, a PE ratio of 30.15 and a beta of 2.05. BlueLinx Holdings Inc. has a 1-year low of $87.67 and a 1-year high of $134.79. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.58 and a quick ratio of 3.26.

BlueLinx Company 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.