Geode Capital Management LLC Lowers Stock Position in BlueLinx Holdings Inc. (NYSE:BXC)

Geode Capital Management LLC decreased its holdings in BlueLinx Holdings Inc. (NYSE:BXC) by 0.5% in the 3rd quarter, Holdings Channel reports. The firm owned 193,302 shares of the construction company’s stock after selling 993 shares during the period. Geode Capital Management LLC’s holdings in BlueLinx were worth $20,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of BXC. nVerses Capital LLC increased its stake in 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. Public Employees Retirement System of Ohio grew its holdings in shares of BlueLinx by 59.1% during the third quarter. Public Employees Retirement System of Ohio now owns 377 shares of the construction company’s stock worth $40,000 after buying an additional 140 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in BlueLinx in the 2nd quarter valued at about $70,000. Quest Partners LLC raised its stake in BlueLinx by 43.2% during the 3rd quarter. Quest Partners LLC now owns 1,133 shares of the construction company’s stock valued at $119,000 after acquiring an additional 342 shares during the last quarter. Finally, FMR LLC lifted its position in BlueLinx by 10.5% during the 3rd quarter. FMR LLC now owns 1,545 shares of the construction company’s stock worth $163,000 after acquiring an additional 147 shares during the period. Institutional investors and hedge funds own 90.83% of the company’s stock.

Wall Street Analyst Weigh In

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

BlueLinx Stock Down 2.7 %

Shares of NYSE:BXC opened at $103.72 on Friday. 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 quick ratio of 3.26, a current ratio of 4.58 and a debt-to-equity ratio of 0.88. The firm’s 50-day simple moving average is $117.11 and its 200-day simple moving average is $107.28. The company has a market cap of $869.28 million, a price-to-earnings ratio of 30.15 and a beta of 2.05.

About BlueLinx

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.