SG Americas Securities LLC Increases Holdings in BlueLinx Holdings Inc. (NYSE:BXC)

SG Americas Securities LLC increased its holdings in BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 670.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,836 shares of the construction company's stock after buying an additional 9,430 shares during the quarter. SG Americas Securities LLC owned 0.13% of BlueLinx worth $1,142,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Algert Global LLC grew its holdings in BlueLinx by 18.2% during the second quarter. Algert Global LLC now owns 37,114 shares of the construction company's stock valued at $3,455,000 after purchasing an additional 5,717 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in shares of BlueLinx during the 2nd quarter valued at about $723,000. Meros Investment Management LP bought a new position in shares of BlueLinx during the 2nd quarter valued at approximately $3,663,000. The Manufacturers Life Insurance Company increased its holdings in BlueLinx by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,380 shares of the construction company's stock worth $408,000 after acquiring an additional 129 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new stake in BlueLinx in the 2nd quarter worth approximately $1,764,000. 90.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Craig Hallum upped their price target on shares of BlueLinx from $125.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. StockNews.com downgraded shares of BlueLinx from a "buy" rating to a "hold" rating in a report on Friday, October 4th. Finally, DA Davidson raised their price target on BlueLinx from $121.00 to $137.00 and gave the company a "buy" rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $135.67.

BlueLinx Price Performance

Shares of BXC stock traded up $3.32 during mid-day trading on Friday, hitting $109.25. The company had a trading volume of 33,684 shares, compared to its average volume of 83,534. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.88 and a quick ratio of 3.37. The stock's 50 day moving average price is $100.73 and its 200-day moving average price is $104.91. BlueLinx Holdings Inc. has a 52-week low of $67.76 and a 52-week high of $132.67. The company has a market capitalization of $931.90 million, a P/E ratio of 25.37 and a beta of 1.94.

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

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.