Punch & Associates Investment Management Inc. lifted its stake in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 150.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 348,555 shares of the construction company’s stock after purchasing an additional 209,555 shares during the period. Punch & Associates Investment Management Inc.’s holdings in BlueLinx were worth $9,286,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in BlueLinx by 12.3% in the third quarter. Bank of New York Mellon Corp now owns 27,296 shares of the construction company’s stock valued at $860,000 after buying an additional 2,999 shares in the last quarter. Morgan Stanley boosted its position in BlueLinx by 75.7% in the third quarter. Morgan Stanley now owns 73,182 shares of the construction company’s stock valued at $2,303,000 after buying an additional 31,523 shares in the last quarter. Rhumbline Advisers boosted its position in BlueLinx by 45.9% in the fourth quarter. Rhumbline Advisers now owns 11,888 shares of the construction company’s stock valued at $294,000 after buying an additional 3,741 shares in the last quarter. Monarch Partners Asset Management LLC boosted its position in BlueLinx by 54.6% in the fourth quarter. Monarch Partners Asset Management LLC now owns 27,597 shares of the construction company’s stock valued at $682,000 after buying an additional 9,750 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in BlueLinx by 13.6% in the fourth quarter. California Public Employees Retirement System now owns 18,551 shares of the construction company’s stock valued at $458,000 after buying an additional 2,225 shares in the last quarter. Institutional investors own 83.39% of the company’s stock.

Shares of BXC stock traded up $0.44 during trading hours on Friday, reaching $20.06. 3,986 shares of the company were exchanged, compared to its average volume of 141,110. BlueLinx Holdings Inc. has a fifty-two week low of $18.30 and a fifty-two week high of $45.60. The company has a current ratio of 3.02, a quick ratio of 1.30 and a debt-to-equity ratio of 326.37.

BlueLinx (NYSE:BXC) last announced its quarterly earnings data on Wednesday, May 8th. The construction company reported ($0.30) earnings per share for the quarter. BlueLinx had a negative net margin of 1.35% and a negative return on equity of 606.34%. The business had revenue of $638.70 million during the quarter.

BXC has been the topic of a number of research reports. TheStreet lowered shares of BlueLinx from a “c” rating to a “d+” rating in a research report on Monday, April 8th. ValuEngine lowered shares of BlueLinx from a “hold” rating to a “sell” rating in a research report on Thursday, March 14th.

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About BlueLinx

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 used for structural support, walls, and flooring 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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