Quest Partners LLC Purchases 342 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

Quest Partners LLC increased its holdings in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 43.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,133 shares of the construction company’s stock after purchasing an additional 342 shares during the quarter. Quest Partners LLC’s holdings in BlueLinx were worth $119,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of BlueLinx by 1.1% in the first quarter. Vanguard Group Inc. now owns 501,333 shares of the construction company’s stock valued at $65,294,000 after purchasing an additional 5,277 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of BlueLinx by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,722 shares of the construction company’s stock valued at $876,000 after purchasing an additional 293 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in BlueLinx by 273.4% during the second quarter. Harbor Capital Advisors Inc. now owns 54,536 shares of the construction company’s stock worth $5,077,000 after purchasing an additional 39,930 shares during the last quarter. Hunter Perkins Capital Management LLC grew its position in BlueLinx by 23.9% in the second quarter. Hunter Perkins Capital Management LLC now owns 7,650 shares of the construction company’s stock valued at $712,000 after purchasing an additional 1,475 shares in the last quarter. Finally, Summit Global Investments increased its stake in BlueLinx by 8.9% in the 2nd quarter. Summit Global Investments now owns 9,256 shares of the construction company’s stock valued at $862,000 after buying an additional 754 shares during the last quarter. 90.83% of the stock is currently owned by institutional investors and hedge funds.

BlueLinx Trading Up 0.5 %

NYSE BXC opened at $125.70 on Friday. BlueLinx Holdings Inc. has a 12 month low of $86.83 and a 12 month high of $134.79. 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 stock has a 50 day moving average of $113.10 and a 200-day moving average of $105.04. The company has a market cap of $1.05 billion, a PE ratio of 36.54 and a beta of 1.94.

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 analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, BlueLinx currently has a consensus 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.