Susquehanna Fundamental Investments LLC Acquires Shares of 7,770 BlueLinx Holdings Inc. (NYSE:BXC)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of BlueLinx Holdings Inc. (NYSE:BXC - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,770 shares of the construction company's stock, valued at approximately $723,000. Susquehanna Fundamental Investments LLC owned about 0.09% of BlueLinx as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC lifted its position in BlueLinx by 13.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,666 shares of the construction company's stock valued at $302,000 after purchasing an additional 311 shares in the last quarter. Mill Road Capital Management LLC lifted its position in shares of BlueLinx by 4.9% during the 4th quarter. Mill Road Capital Management LLC now owns 124,274 shares of the construction company's stock valued at $14,081,000 after buying an additional 5,800 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in shares of BlueLinx by 2.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 142,712 shares of the construction company's stock valued at $16,171,000 after buying an additional 3,264 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of BlueLinx during the 4th quarter valued at approximately $224,000. Finally, Virtu Financial LLC purchased a new stake in BlueLinx in the 4th quarter worth approximately $217,000. Hedge funds and other institutional investors own 90.83% of the company's stock.

BlueLinx Price Performance

BXC traded down $0.02 during trading on Thursday, reaching $103.47. 44,545 shares of the company traded hands, compared to its average volume of 84,178. The company has a market cap of $896.26 million, a P/E ratio of 19.27 and a beta of 1.94. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.37 and a current ratio of 4.88. BlueLinx Holdings Inc. has a 12-month low of $67.76 and a 12-month high of $132.67. The firm has a fifty day simple moving average of $102.25 and a 200 day simple moving average of $105.55.

BlueLinx (NYSE:BXC - Get Free Report) last posted its earnings results on Tuesday, July 30th. The construction company reported $1.53 earnings per share for the quarter. The company had revenue of $768.36 million during the quarter. BlueLinx had a net margin of 1.26% and a return on equity of 12.14%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. StockNews.com upgraded shares of BlueLinx from a "hold" rating to a "buy" rating in a research report on Tuesday, August 27th. Craig Hallum lifted their target price on shares of BlueLinx from $125.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Finally, DA Davidson increased their price target on BlueLinx from $121.00 to $137.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, BlueLinx has an average rating of "Buy" and a consensus 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.