Swiss National Bank Sells 300 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

Swiss National Bank lowered its stake in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,900 shares of the construction company’s stock after selling 300 shares during the quarter. Swiss National Bank owned 0.19% of BlueLinx worth $1,624,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its position in shares of BlueLinx by 59.1% during the third quarter. Public Employees Retirement System of Ohio now owns 377 shares of the construction company’s stock valued at $40,000 after acquiring an additional 140 shares during the last quarter. PNC Financial Services Group Inc. purchased a new stake in shares of BlueLinx during the 4th quarter valued at $61,000. Quest Partners LLC raised its stake in shares of BlueLinx by 43.2% during the 3rd quarter. Quest Partners LLC now owns 1,133 shares of the construction company’s stock worth $119,000 after purchasing an additional 342 shares during the period. AlphaQuest LLC boosted its holdings in shares of BlueLinx by 28.4% in the 4th quarter. AlphaQuest LLC now owns 1,455 shares of the construction company’s stock worth $149,000 after buying an additional 322 shares during the last quarter. Finally, FMR LLC grew its position 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 buying an additional 147 shares during the period. 90.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BXC. Loop Capital dropped their target price on shares of BlueLinx from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Benchmark reduced their price objective on BlueLinx from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 21st. StockNews.com lowered BlueLinx from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, DA Davidson cut their price target on BlueLinx from $137.00 to $119.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $123.50.

BlueLinx Trading Down 4.7 %

Shares of BXC stock opened at $76.69 on Friday. The stock has a market capitalization of $636.14 million, a price-to-earnings ratio of 12.49 and a beta of 2.18. The company’s fifty day simple moving average is $91.72 and its two-hundred day simple moving average is $104.37. BlueLinx Holdings Inc. has a 1 year low of $73.01 and a 1 year high of $134.79. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.85 and a quick ratio of 3.26.

BlueLinx (NYSE:BXC) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The company had revenue of $710.64 million for the quarter, compared to the consensus estimate of $700.66 million. BlueLinx had a net margin of 1.80% and a return on equity of 7.50%.

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.