Meros Investment Management LP Acquires 21,455 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

Meros Investment Management LP boosted its holdings in BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 54.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,799 shares of the construction company's stock after purchasing an additional 21,455 shares during the period. BlueLinx makes up 2.9% of Meros Investment Management LP's portfolio, making the stock its 11th largest position. Meros Investment Management LP owned 0.73% of BlueLinx worth $6,409,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BXC. Victory Capital Management Inc. increased its stake in shares of BlueLinx by 600.3% during the third quarter. Victory Capital Management Inc. now owns 218,685 shares of the construction company's stock valued at $23,054,000 after purchasing an additional 187,456 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of BlueLinx by 151.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 137,193 shares of the construction company's stock worth $14,463,000 after buying an additional 82,657 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of BlueLinx by 28.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 167,178 shares of the construction company's stock worth $17,624,000 after buying an additional 36,968 shares during the last quarter. American Century Companies Inc. increased its position in BlueLinx by 12.4% during the 2nd quarter. American Century Companies Inc. now owns 268,059 shares of the construction company's stock valued at $24,954,000 after buying an additional 29,582 shares in the last quarter. Finally, Denali Advisors LLC raised its stake in BlueLinx by 53.8% during the second quarter. Denali Advisors LLC now owns 66,835 shares of the construction company's stock valued at $6,222,000 after buying an additional 23,392 shares during the last quarter. 90.83% of the stock is currently owned by hedge funds and other institutional investors.

BlueLinx Stock Performance

NYSE BXC traded up $0.31 during trading hours on Wednesday, hitting $124.34. The company's stock had a trading volume of 41,801 shares, compared to its average volume of 78,426. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.58 and a quick ratio of 3.26. The company has a market cap of $1.04 billion, a P/E ratio of 35.99 and a beta of 2.05. The company's 50 day simple moving average is $116.14 and its two-hundred day simple moving average is $106.24. BlueLinx Holdings Inc. has a 12 month low of $87.67 and a 12 month high of $134.79.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of BlueLinx from a "hold" rating to a "buy" rating in a research note on Saturday, October 12th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $135.67.

About BlueLinx

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.