Quest Partners LLC Buys 342 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

Quest Partners LLC raised its position in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 43.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,133 shares of the construction company’s stock after acquiring an additional 342 shares during the period. Quest Partners LLC’s holdings in BlueLinx were worth $119,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BXC. Dimensional Fund Advisors LP increased its position in BlueLinx by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 584,752 shares of the construction company’s stock worth $54,433,000 after acquiring an additional 16,753 shares during the period. Vanguard Group Inc. lifted its position in shares of BlueLinx by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 501,333 shares of the construction company’s stock valued at $65,294,000 after acquiring an additional 5,277 shares during the period. American Century Companies Inc. grew its holdings in shares of BlueLinx by 12.4% during the 2nd quarter. American Century Companies Inc. now owns 268,059 shares of the construction company’s stock worth $24,954,000 after purchasing an additional 29,582 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of BlueLinx by 600.3% during the 3rd quarter. Victory Capital Management Inc. now owns 218,685 shares of the construction company’s stock worth $23,054,000 after purchasing an additional 187,456 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in BlueLinx by 151.6% in the third quarter. Harbor Capital Advisors Inc. now owns 137,193 shares of the construction company’s stock valued at $14,463,000 after purchasing an additional 82,657 shares in the last quarter. Institutional investors and hedge funds own 90.83% of the company’s stock.

BlueLinx Trading Up 0.5 %

Shares of BXC stock opened at $125.70 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.26 and a current ratio of 4.58. BlueLinx Holdings Inc. has a fifty-two week low of $86.83 and a fifty-two week high of $134.79. The company has a market cap of $1.05 billion, a PE ratio of 36.54 and a beta of 1.94. The stock’s fifty day moving average price is $113.10 and its two-hundred day moving average price is $105.04.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of BlueLinx from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $135.67.

BlueLinx Company 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.