Sei Investments Co. Has $3.23 Million Stock Holdings in BlueLinx Holdings Inc. $BXC

Sei Investments Co. lifted its position in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 92.1% during the first quarter, HoldingsChannel reports. The firm owned 59,592 shares of the construction company’s stock after buying an additional 28,571 shares during the quarter. Sei Investments Co.’s holdings in BlueLinx were worth $3,229,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in BlueLinx by 1.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,788 shares of the construction company’s stock worth $847,000 after buying an additional 154 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of BlueLinx by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,863 shares of the construction company’s stock valued at $365,000 after acquiring an additional 220 shares in the last quarter. State of Wyoming increased its position in shares of BlueLinx by 19.5% in the fourth quarter. State of Wyoming now owns 1,456 shares of the construction company’s stock valued at $89,000 after acquiring an additional 238 shares during the last quarter. Deutsche Bank AG increased its position in shares of BlueLinx by 0.9% in the fourth quarter. Deutsche Bank AG now owns 37,272 shares of the construction company’s stock valued at $2,290,000 after acquiring an additional 320 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in BlueLinx by 4.3% during the first quarter. Royal Bank of Canada now owns 7,870 shares of the construction company’s stock worth $590,000 after acquiring an additional 321 shares in the last quarter. Institutional investors and hedge funds own 90.83% of the company’s stock.

BlueLinx Stock Up 4.8%

Shares of BXC stock opened at $89.53 on Friday. BlueLinx Holdings Inc. has a 52-week low of $44.78 and a 52-week high of $90.87. The stock has a market cap of $703.75 million, a price-to-earnings ratio of -358.13 and a beta of 1.44. The firm’s 50-day moving average is $57.93 and its 200-day moving average is $59.14. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.51 and a current ratio of 4.01.

BlueLinx (NYSE:BXC) last announced its quarterly earnings results on Tuesday, August 4th. The construction company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.85. The firm had revenue of $814.08 million for the quarter, compared to the consensus estimate of $793.72 million. BlueLinx had a positive return on equity of 0.13% and a negative net margin of 0.06%.

Analysts Set New Price Targets

BXC has been the subject of several recent research reports. Benchmark increased their price target on BlueLinx from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday. Wall Street Zen upgraded BlueLinx from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reissued a “sell (d)” rating on shares of BlueLinx in a report on Wednesday, May 20th. Finally, DA Davidson raised their target price on shares of BlueLinx from $65.00 to $84.00 and gave the company a “neutral” rating in a research note on Thursday. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.50.

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.