Swiss National Bank Lowers Stock Holdings in BlueLinx Holdings Inc. (NYSE:BXC)

Swiss National Bank reduced its holdings in BlueLinx Holdings Inc. (NYSE:BXC) by 11.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,800 shares of the construction company’s stock after selling 2,200 shares during the quarter. Swiss National Bank owned approximately 0.20% of BlueLinx worth $2,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James & Associates purchased a new position in shares of BlueLinx during the 3rd quarter worth about $205,000. Bank of New York Mellon Corp raised its stake in BlueLinx by 0.8% during the third quarter. Bank of New York Mellon Corp now owns 78,181 shares of the construction company’s stock worth $6,418,000 after purchasing an additional 630 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of BlueLinx by 51.1% in the 3rd quarter. Principal Financial Group Inc. now owns 5,240 shares of the construction company’s stock valued at $430,000 after purchasing an additional 1,772 shares during the last quarter. Privium Fund Management UK Ltd grew its stake in shares of BlueLinx by 24.6% during the 3rd quarter. Privium Fund Management UK Ltd now owns 3,708 shares of the construction company’s stock valued at $311,000 after buying an additional 732 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of BlueLinx during the 3rd quarter worth $318,000. 90.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Mitchell B. Lewis sold 5,352 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $116.33, for a total value of $622,598.16. Following the completion of the transaction, the director now directly owns 33,476 shares in the company, valued at $3,894,263.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other BlueLinx news, Director Mitchell B. Lewis sold 5,352 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $116.33, for a total value of $622,598.16. Following the transaction, the director now owns 33,476 shares in the company, valued at approximately $3,894,263.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mitchell B. Lewis sold 314 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $119.09, for a total value of $37,394.26. Following the sale, the director now owns 38,828 shares of the company’s stock, valued at $4,624,026.52. The disclosure for this sale can be found here. Insiders have sold 8,570 shares of company stock worth $1,000,196 over the last 90 days. Company insiders own 3.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BXC. TheStreet downgraded BlueLinx from a “b” rating to a “c” rating in a research report on Thursday, February 22nd. Benchmark dropped their target price on shares of BlueLinx from $144.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Finally, Craig Hallum reduced their price target on shares of BlueLinx from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd.

BlueLinx Trading Up 2.8 %

NYSE:BXC opened at $104.65 on Friday. The business’s 50-day moving average is $114.23 and its two-hundred day moving average is $109.79. The firm has a market capitalization of $906.27 million, a PE ratio of 19.63 and a beta of 1.96. BlueLinx Holdings Inc. has a 12 month low of $67.76 and a 12 month high of $132.67. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.71 and a quick ratio of 3.22.

BlueLinx (NYSE:BXC) last announced its earnings results on Tuesday, April 30th. The construction company reported $1.93 EPS for the quarter. The business had revenue of $726.24 million for the quarter. BlueLinx had a return on equity of 14.11% and a net margin of 1.57%.

BlueLinx Profile

BlueLinx Holdings Inc, together with its subsidiaries, engages in the distribution of residential and commercial building products in the United States. It distributes specialty products, including engineered wood, siding, millwork, outdoor living, specialty lumber and panels, and industrial products; and structural products, such as lumber, plywood, oriented strand boards, rebars and remesh, as well as other wood products that are used for structural support in construction projects.