LSV Asset Management Grows Position in BlueLinx Holdings Inc. $BXC

LSV Asset Management grew its stake in BlueLinx Holdings Inc. (NYSE:BXC) by 78.9% during the 3rd quarter, Holdings Channel reports. The fund owned 47,400 shares of the construction company’s stock after acquiring an additional 20,900 shares during the period. LSV Asset Management’s holdings in BlueLinx were worth $3,464,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in BXC. Versant Capital Management Inc raised its stake in BlueLinx by 86.2% in the 3rd quarter. Versant Capital Management Inc now owns 350 shares of the construction company’s stock valued at $26,000 after purchasing an additional 162 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of BlueLinx during the 3rd quarter worth about $29,000. Tower Research Capital LLC TRC grew its holdings in shares of BlueLinx by 114.1% during the second quarter. Tower Research Capital LLC TRC now owns 792 shares of the construction company’s stock worth $59,000 after buying an additional 422 shares in the last quarter. AlphaQuest LLC grew its holdings in shares of BlueLinx by 11,900.0% during the third quarter. AlphaQuest LLC now owns 2,520 shares of the construction company’s stock worth $184,000 after buying an additional 2,499 shares in the last quarter. Finally, Creative Planning acquired a new position in shares of BlueLinx in the second quarter valued at approximately $237,000. Institutional investors and hedge funds own 90.83% of the company’s stock.

BlueLinx Price Performance

BXC opened at $74.30 on Monday. BlueLinx Holdings Inc. has a 1 year low of $52.71 and a 1 year high of $103.10. The company’s 50 day simple moving average is $68.93 and its 200 day simple moving average is $70.50. The stock has a market capitalization of $584.76 million, a PE ratio of 43.71 and a beta of 1.62. The company has a debt-to-equity ratio of 0.96, a quick ratio of 3.15 and a current ratio of 4.60.

Analyst Ratings Changes

A number of brokerages recently issued reports on BXC. DA Davidson set a $68.00 target price on shares of BlueLinx in a research report on Thursday, November 6th. Weiss Ratings reissued 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 assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $88.67.

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.