BlueLinx Holdings Inc. (NYSE:BXC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $108.23 and traded as high as $111.37. BlueLinx shares last traded at $110.35, with a volume of 60,447 shares.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of BlueLinx from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $135.67.
Read Our Latest Report on BXC
BlueLinx Stock Down 2.8 %
The company's 50 day moving average price is $114.02 and its two-hundred day moving average price is $108.39. The stock has a market cap of $899.68 million, a P/E ratio of 31.26 and a beta of 2.06. The company has a quick ratio of 3.26, a current ratio of 4.58 and a debt-to-equity ratio of 0.88.
Hedge Funds Weigh In On BlueLinx
Several hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its stake in shares of BlueLinx by 59.1% in the third 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 period. nVerses Capital LLC grew its position in BlueLinx by 100.0% during the 3rd quarter. nVerses Capital LLC now owns 600 shares of the construction company's stock worth $63,000 after purchasing an additional 300 shares during the period. Quest Partners LLC raised its stake in shares of 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 buying an additional 342 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of BlueLinx by 50.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,135 shares of the construction company's stock valued at $120,000 after buying an additional 379 shares during the period. Finally, FMR LLC boosted its stake in shares of BlueLinx by 10.5% in the third quarter. FMR LLC now owns 1,545 shares of the construction company's stock worth $163,000 after buying an additional 147 shares during the last quarter. 90.83% of the stock is owned by institutional investors and hedge funds.
About BlueLinx
(
Get Free Report)
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.
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