UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Position in BlueLinx Holdings Inc. (NYSE:BXC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in BlueLinx Holdings Inc. (NYSE:BXC) by 8.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,180 shares of the construction company’s stock after selling 1,293 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in BlueLinx were worth $1,495,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BXC. The Manufacturers Life Insurance Company grew its position in BlueLinx by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 4,380 shares of the construction company’s stock valued at $408,000 after buying an additional 129 shares during the period. FMR LLC grew its stake in BlueLinx by 10.5% in the 3rd quarter. FMR LLC now owns 1,545 shares of the construction company’s stock valued at $163,000 after acquiring an additional 147 shares during the period. SummerHaven Investment Management LLC increased its holdings in BlueLinx by 2.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 7,853 shares of the construction company’s stock worth $731,000 after acquiring an additional 151 shares in the last quarter. nVerses Capital LLC grew its position in shares of BlueLinx by 200.0% in the second quarter. nVerses Capital LLC now owns 300 shares of the construction company’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Finally, Koss Olinger Consulting LLC increased its stake in shares of BlueLinx by 5.5% during the third quarter. Koss Olinger Consulting LLC now owns 4,967 shares of the construction company’s stock worth $524,000 after purchasing an additional 260 shares in the last quarter. Institutional investors and hedge funds own 90.83% of the company’s stock.

BlueLinx Trading Down 1.1 %

Shares of BXC stock opened at $117.52 on Tuesday. The stock has a market capitalization of $984.94 million, a P/E ratio of 34.16 and a beta of 2.05. BlueLinx Holdings Inc. has a fifty-two week low of $87.67 and a fifty-two week high of $134.79. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.26 and a current ratio of 4.58. The company has a 50 day moving average price of $117.38 and a 200 day moving average price of $106.76.

Analyst Upgrades and Downgrades

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

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.