BlueLinx Holdings Inc. (NYSE:BXC) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in BlueLinx Holdings Inc. (NYSE:BXC) by 77.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,438 shares of the construction company’s stock after selling 8,398 shares during the period. SG Americas Securities LLC’s holdings in BlueLinx were worth $249,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its stake in 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 acquiring an additional 140 shares during the last quarter. nVerses Capital LLC raised its position in BlueLinx by 100.0% in the third quarter. nVerses Capital LLC now owns 600 shares of the construction company’s stock valued at $63,000 after purchasing an additional 300 shares during the period. Quest Partners LLC lifted its stake 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 purchasing an additional 342 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in BlueLinx by 50.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,135 shares of the construction company’s stock worth $120,000 after acquiring an additional 379 shares during the period. Finally, FMR LLC grew its position in BlueLinx by 10.5% in 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. Institutional investors and hedge funds own 90.83% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of BlueLinx from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Four 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 Trading Up 0.1 %

NYSE:BXC opened at $105.89 on Friday. The stock has a market cap of $887.32 million, a price-to-earnings ratio of 30.78 and a beta of 2.04. BlueLinx Holdings Inc. has a one year low of $87.67 and a one year high of $134.79. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.26 and a current ratio of 4.58. The business’s 50-day simple moving average is $110.44 and its 200 day simple moving average is $108.74.

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.