Mill Road Capital Management LLC Raises Stake in BlueLinx Holdings Inc. (NYSE:BXC)

Mill Road Capital Management LLC grew its stake in shares of BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 10.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 142,297 shares of the construction company's stock after buying an additional 13,023 shares during the period. BlueLinx makes up 7.1% of Mill Road Capital Management LLC's portfolio, making the stock its 5th biggest position. Mill Road Capital Management LLC owned approximately 1.70% of BlueLinx worth $15,001,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of BlueLinx by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 501,333 shares of the construction company's stock valued at $65,294,000 after purchasing an additional 5,277 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in BlueLinx by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,722 shares of the construction company's stock valued at $876,000 after acquiring an additional 293 shares in the last quarter. Hunter Perkins Capital Management LLC lifted its stake in BlueLinx by 23.9% in the 2nd quarter. Hunter Perkins Capital Management LLC now owns 7,650 shares of the construction company's stock valued at $712,000 after acquiring an additional 1,475 shares in the last quarter. Summit Global Investments lifted its stake in BlueLinx by 8.9% in the 2nd quarter. Summit Global Investments now owns 9,256 shares of the construction company's stock valued at $862,000 after acquiring an additional 754 shares in the last quarter. Finally, SummerHaven Investment Management LLC lifted its stake in BlueLinx by 2.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 7,853 shares of the construction company's stock valued at $731,000 after acquiring an additional 151 shares in the last quarter. Institutional investors own 90.83% of the company's stock.

Analysts Set New Price Targets

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

BlueLinx Price Performance

BXC traded up $1.78 on Wednesday, reaching $128.63. The stock had a trading volume of 37,986 shares, compared to its average volume of 79,065. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 36.88 and a beta of 2.05. The firm has a 50-day moving average of $113.92 and a 200-day moving average of $105.38. 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 fifty-two week low of $87.67 and a fifty-two week high of $134.79.

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.