American Century Companies Inc. Acquires 24,087 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

American Century Companies Inc. lifted its position in BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 311,567 shares of the construction company's stock after purchasing an additional 24,087 shares during the quarter. American Century Companies Inc. owned 3.72% of BlueLinx worth $31,830,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio grew its position in BlueLinx by 59.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 377 shares of the construction company's stock worth $40,000 after acquiring an additional 140 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of BlueLinx during the fourth quarter worth $61,000. Quest Partners LLC increased its stake in shares of BlueLinx by 43.2% in the third quarter. Quest Partners LLC now owns 1,133 shares of the construction company's stock valued at $119,000 after buying an additional 342 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of BlueLinx by 28.4% in the fourth quarter. AlphaQuest LLC now owns 1,455 shares of the construction company's stock valued at $149,000 after buying an additional 322 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of BlueLinx by 10.5% in the third quarter. FMR LLC now owns 1,545 shares of the construction company's stock valued at $163,000 after buying an additional 147 shares during the last quarter. Institutional investors and hedge funds own 90.83% of the company's stock.

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BlueLinx Trading Up 4.5 %

BXC traded up $3.36 during trading on Wednesday, reaching $77.89. 96,619 shares of the company's stock were exchanged, compared to its average volume of 77,977. The company's fifty day moving average price is $89.78 and its 200-day moving average price is $103.99. The firm has a market capitalization of $646.10 million, a PE ratio of 12.69 and a beta of 2.18. BlueLinx Holdings Inc. has a fifty-two week low of $73.01 and a fifty-two week high of $134.79. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.26 and a current ratio of 4.85.

BlueLinx (NYSE:BXC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). BlueLinx had a return on equity of 7.50% and a net margin of 1.80%. The company had revenue of $710.64 million for the quarter, compared to analyst estimates of $700.66 million.

Analyst Ratings Changes

A number of brokerages have weighed in on BXC. Loop Capital dropped their target price on shares of BlueLinx from $135.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Benchmark reduced their price objective on BlueLinx from $135.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, February 21st. StockNews.com lowered BlueLinx from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, DA Davidson dropped their target price on BlueLinx from $137.00 to $119.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $123.50.

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.