BlueLinx Holdings Inc. (NYSE:BXC) Shares Purchased by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC raised its stake in BlueLinx Holdings Inc. (NYSE:BXC) by 4.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 15,515 shares of the construction company’s stock after acquiring an additional 716 shares during the period. Oliver Luxxe Assets LLC’s holdings in BlueLinx were worth $1,585,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of BXC. The Manufacturers Life Insurance Company grew its stake in BlueLinx by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 4,380 shares of the construction company’s stock worth $408,000 after purchasing an additional 129 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in BlueLinx by 59.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 377 shares of the construction company’s stock worth $40,000 after buying an additional 140 shares during the last quarter. FMR LLC grew its position in shares of BlueLinx by 10.5% in the 3rd quarter. FMR LLC now owns 1,545 shares of the construction company’s stock worth $163,000 after acquiring an additional 147 shares in the last quarter. SkyView Investment Advisors LLC increased its holdings in shares of BlueLinx by 2.1% in the 3rd quarter. SkyView Investment Advisors LLC now owns 9,101 shares of the construction company’s stock valued at $959,000 after acquiring an additional 190 shares during the last quarter. Finally, Koss Olinger Consulting LLC raised its position in shares of BlueLinx by 5.5% during the 3rd quarter. Koss Olinger Consulting LLC now owns 4,967 shares of the construction company’s stock valued at $524,000 after acquiring an additional 260 shares in the last quarter. Institutional investors and hedge funds own 90.83% of the company’s stock.

Analyst Upgrades and Downgrades

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

BlueLinx Stock Performance

BXC stock traded down $0.37 during midday trading on Monday, reaching $100.67. The company had a trading volume of 25,814 shares, compared to its average volume of 37,478. The firm has a market capitalization of $843.72 million, a PE ratio of 29.26 and a beta of 2.06. The stock has a 50 day moving average price of $116.97 and a 200 day moving average price of $107.42. BlueLinx Holdings Inc. has a fifty-two week low of $87.67 and a fifty-two week high of $134.79. The company has a quick ratio of 3.26, a current ratio of 4.58 and a debt-to-equity ratio of 0.88.

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.