BlueLinx Holdings Inc. (NYSE:BXC) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its stake in BlueLinx Holdings Inc. (NYSE:BXC) by 31.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,512 shares of the construction company’s stock after purchasing an additional 1,073 shares during the period. BNP Paribas Financial Markets’ holdings in BlueLinx were worth $476,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in shares of BlueLinx by 600.3% in the third quarter. Victory Capital Management Inc. now owns 218,685 shares of the construction company’s stock worth $23,054,000 after buying an additional 187,456 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of BlueLinx by 151.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 137,193 shares of the construction company’s stock valued at $14,463,000 after acquiring an additional 82,657 shares during the period. Meros Investment Management LP purchased a new position in BlueLinx in the 2nd quarter worth $3,663,000. Charles Schwab Investment Management Inc. raised its stake in BlueLinx by 28.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 167,178 shares of the construction company’s stock worth $17,624,000 after acquiring an additional 36,968 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in 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 acquiring an additional 29,582 shares during the period. Hedge funds and other institutional investors own 90.83% of the company’s stock.

Analysts Set New Price Targets

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

BlueLinx Trading Down 2.5 %

Shares of BlueLinx stock opened at $118.79 on Friday. The stock has a market cap of $995.58 million, a PE ratio of 34.53 and a beta of 2.05. The firm has a fifty day moving average price of $117.17 and a 200 day moving average price of $106.57. BlueLinx Holdings Inc. has a 1 year low of $87.67 and a 1 year high of $134.79. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.58 and a quick ratio of 3.26.

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.