ABS Direct Equity Fund LLC Has $511,000 Stock Holdings in BlueLinx Holdings Inc. (NYSE:BXC)

ABS Direct Equity Fund LLC lessened its holdings in BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 45.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,000 shares of the construction company's stock after selling 4,226 shares during the period. ABS Direct Equity Fund LLC owned about 0.06% of BlueLinx worth $511,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Squarepoint Ops LLC boosted its holdings in shares of BlueLinx by 548.6% during the 2nd quarter. Squarepoint Ops LLC now owns 22,644 shares of the construction company's stock valued at $2,108,000 after acquiring an additional 19,153 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of BlueLinx by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 4,380 shares of the construction company's stock worth $408,000 after purchasing an additional 129 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of BlueLinx in the second quarter valued at approximately $723,000. Algert Global LLC increased its stake in shares of BlueLinx by 18.2% in the second quarter. Algert Global LLC now owns 37,114 shares of the construction company's stock valued at $3,455,000 after buying an additional 5,717 shares during the period. Finally, SG Americas Securities LLC raised its holdings in BlueLinx by 670.7% in the 3rd quarter. SG Americas Securities LLC now owns 10,836 shares of the construction company's stock valued at $1,142,000 after buying an additional 9,430 shares during the last quarter. Institutional investors and hedge funds own 90.83% of the company's stock.

BlueLinx Trading Down 3.6 %

BXC stock traded down $4.01 during trading on Friday, hitting $108.25. The company had a trading volume of 28,889 shares, compared to its average volume of 63,312. The stock has a market cap of $907.12 million, a PE ratio of 31.40 and a beta of 2.06. The business has a 50-day moving average of $112.19 and a 200-day moving average of $108.91. The company has a current ratio of 4.58, a quick ratio of 3.26 and a debt-to-equity ratio of 0.88. BlueLinx Holdings Inc. has a one year low of $87.67 and a one year high of $134.79.

Analysts Set New Price Targets

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