Jane Street Group LLC cut its position in BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 44.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,546 shares of the construction company's stock after selling 6,954 shares during the quarter. Jane Street Group LLC owned 0.10% of BlueLinx worth $901,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the company. nVerses Capital LLC increased its holdings in BlueLinx by 200.0% during the 2nd quarter. nVerses Capital LLC now owns 300 shares of the construction company's stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of BlueLinx in the second quarter worth $70,000. Quest Partners LLC raised its holdings in 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 acquiring an additional 342 shares in the last quarter. FMR LLC boosted its stake in BlueLinx by 10.5% during the 3rd quarter. FMR LLC now owns 1,545 shares of the construction company's stock valued at $163,000 after acquiring an additional 147 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in BlueLinx during the 3rd quarter worth $200,000. 90.83% of the stock is currently owned by hedge funds and other institutional investors.
BlueLinx Stock Performance
BlueLinx stock traded down $0.29 during mid-day trading on Wednesday, reaching $102.16. The company's stock had a trading volume of 32,477 shares, compared to its average volume of 76,983. 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 twelve month low of $87.67 and a twelve month high of $134.79. The business has a 50 day moving average price of $117.12 and a 200-day moving average price of $107.34. The firm has a market cap of $856.20 million, a price-to-earnings ratio of 29.70 and a beta of 2.05.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised 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.com, the stock presently has an average rating of "Buy" and a consensus target price of $135.67.
Check Out Our Latest Stock Analysis on BlueLinx
About BlueLinx
(
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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