75,000 Shares in BlueLinx Holdings Inc. $BXC Acquired by Heartland Advisors Inc.

Heartland Advisors Inc. bought a new stake in BlueLinx Holdings Inc. (NYSE:BXC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 75,000 shares of the construction company’s stock, valued at approximately $5,481,000. Heartland Advisors Inc. owned approximately 0.95% of BlueLinx at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of BXC. Versant Capital Management Inc increased its holdings in shares of BlueLinx by 86.2% in the 3rd quarter. Versant Capital Management Inc now owns 350 shares of the construction company’s stock worth $26,000 after buying an additional 162 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in BlueLinx in the third quarter worth $29,000. Tower Research Capital LLC TRC increased its stake in BlueLinx by 114.1% in the second quarter. Tower Research Capital LLC TRC now owns 792 shares of the construction company’s stock valued at $59,000 after acquiring an additional 422 shares during the last quarter. AlphaQuest LLC raised its position in BlueLinx by 11,900.0% during the third quarter. AlphaQuest LLC now owns 2,520 shares of the construction company’s stock valued at $184,000 after purchasing an additional 2,499 shares in the last quarter. Finally, Creative Planning bought a new stake in BlueLinx during the second quarter worth about $237,000. 90.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on BXC shares. DA Davidson set a $68.00 price objective on BlueLinx in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of BlueLinx in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $88.67.

BlueLinx Trading Down 0.0%

NYSE BXC opened at $74.36 on Wednesday. The firm has a market cap of $585.21 million, a PE ratio of 43.74 and a beta of 1.63. BlueLinx Holdings Inc. has a 1-year low of $52.71 and a 1-year high of $101.68. The stock has a 50-day moving average of $69.51 and a 200-day moving average of $70.53. The company has a current ratio of 4.60, a quick ratio of 3.15 and a debt-to-equity ratio of 0.96.

BlueLinx Company Profile

BlueLinx Corporation is a leading distributor of building products in the United States, serving professional builders, contractors and industrial customers. The company offers a comprehensive portfolio that includes lumber, engineered wood products, plywood, oriented strand board, siding, railing, millwork and specialty construction materials. Through its nationwide network of distribution centers, BlueLinx provides inventory management, delivery and supply-chain solutions designed to help customers streamline operations and reduce carrying costs.

Founded in 2004 as a spin-off from Georgia-Pacific’s distribution business, BlueLinx has developed a broad product line that spans both residential and commercial construction markets.