75,000 Shares in BlueLinx Holdings Inc. $BXC Purchased by Heartland Advisors Inc.

Heartland Advisors Inc. purchased a new stake in shares of BlueLinx Holdings Inc. (NYSE:BXC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 75,000 shares of the construction company’s stock, valued at approximately $5,481,000.

Several other institutional investors and hedge funds have also bought and sold shares of BXC. Versant Capital Management Inc grew its position in shares of BlueLinx by 86.2% in the 3rd quarter. Versant Capital Management Inc now owns 350 shares of the construction company’s stock worth $26,000 after buying an additional 162 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of BlueLinx during the third quarter valued at approximately $29,000. Tower Research Capital LLC TRC lifted its stake in BlueLinx by 114.1% in the second quarter. Tower Research Capital LLC TRC now owns 792 shares of the construction company’s stock worth $59,000 after acquiring an additional 422 shares during the period. AlphaQuest LLC boosted its holdings in BlueLinx by 11,900.0% in the third quarter. AlphaQuest LLC now owns 2,520 shares of the construction company’s stock valued at $184,000 after acquiring an additional 2,499 shares in the last quarter. Finally, Creative Planning purchased a new position in BlueLinx during the 2nd quarter valued at $237,000. Hedge funds and other institutional investors own 90.83% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on BXC shares. DA Davidson set a $68.00 price objective on shares of BlueLinx in a report on Thursday, November 6th. Weiss Ratings reissued a “sell (d)” rating on shares of BlueLinx in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $88.67.

BlueLinx Trading Down 0.0%

Shares of NYSE BXC opened at $74.36 on Wednesday. BlueLinx Holdings Inc. has a 1 year low of $52.71 and a 1 year high of $101.68. The company has a debt-to-equity ratio of 0.96, a current ratio of 4.60 and a quick ratio of 3.15. The firm has a 50-day moving average of $69.51 and a 200 day moving average of $70.53. The stock has a market cap of $585.21 million, a P/E ratio of 43.74 and a beta of 1.63.

BlueLinx Company Profile

BlueLinx Corporation is a leading distributor of building products in the United States, serving professional builders, contractors and industrial customers. The company offers a comprehensive portfolio that includes lumber, engineered wood products, plywood, oriented strand board, siding, railing, millwork and specialty construction materials. Through its nationwide network of distribution centers, BlueLinx provides inventory management, delivery and supply-chain solutions designed to help customers streamline operations and reduce carrying costs.

Founded in 2004 as a spin-off from Georgia-Pacific’s distribution business, BlueLinx has developed a broad product line that spans both residential and commercial construction markets.