BlueLinx Holdings Inc. (NYSE:BXC) Shares Acquired by Crown Advisors Management Inc.


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Crown Advisors Management Inc. boosted its position in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 25.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,000 shares of the construction company’s stock after buying an additional 25,000 shares during the quarter. BlueLinx accounts for approximately 2.6% of Crown Advisors Management Inc.’s investment portfolio, making the stock its 20th largest position. Crown Advisors Management Inc.’s holdings in BlueLinx were worth $3,658,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BXC. Cutler Group LP acquired a new position in BlueLinx in the fourth quarter worth approximately $49,000. O Shaughnessy Asset Management LLC acquired a new position in shares of BlueLinx in the third quarter worth about $101,000. Globeflex Capital L P purchased a new position in shares of BlueLinx in the third quarter worth approximately $174,000. Exchange Traded Concepts LLC acquired a new stake in shares of BlueLinx during the fourth quarter valued at approximately $309,000. Finally, Raymond James & Associates grew its holdings in shares of BlueLinx by 10.3% during the third quarter. Raymond James & Associates now owns 14,930 shares of the construction company’s stock valued at $321,000 after buying an additional 1,400 shares in the last quarter. 69.88% of the stock is currently owned by hedge funds and other institutional investors.

In related news, major shareholder Nokomis Capital, L.L.C. sold 340,000 shares of the stock in a transaction that occurred on Thursday, December 10th. The stock was sold at an average price of $26.60, for a total transaction of $9,044,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 5.43% of the company’s stock.

Shares of BlueLinx stock traded down $1.48 during mid-day trading on Tuesday, reaching $44.25. 775 shares of the stock were exchanged, compared to its average volume of 127,435. The company has a market cap of $418.69 million, a price-to-earnings ratio of 8.34 and a beta of 2.19. BlueLinx Holdings Inc. has a fifty-two week low of $3.60 and a fifty-two week high of $46.75. The company has a current ratio of 2.77, a quick ratio of 1.46 and a debt-to-equity ratio of 15.10. The firm has a 50-day simple moving average of $38.61 and a 200 day simple moving average of $27.13.

Several equities analysts have weighed in on the company. Craig Hallum started coverage on BlueLinx in a research note on Tuesday, January 5th. They set a “buy” rating on the stock. Benchmark began coverage on BlueLinx in a research note on Friday, February 12th. They issued a “buy” rating and a $61.00 price objective on the stock. Finally, TheStreet upgraded shares of BlueLinx from a “d” rating to a “c” rating in a report on Friday, October 30th. Four analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of $32.33.

BlueLinx Company Profile

BlueLinx Holdings Inc, together with its subsidiaries, distributes building and industrial products in the United States. It distributes structural products, including plywood, oriented strand board, rebar and remesh, lumber, spruce, and other wood products primarily that are used for structural support and walls in construction projects; and specialty products comprising engineered wood, moulding, siding, cedar, metal, and insulation products.

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Institutional Ownership by Quarter for BlueLinx (NYSE:BXC)

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