Chicago Partners Investment Group LLC Takes Position in BlueLinx Holdings Inc. (NYSE:BXC)

Chicago Partners Investment Group LLC purchased a new stake in BlueLinx Holdings Inc. (NYSE:BXC) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,043 shares of the construction company’s stock, valued at approximately $224,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in BlueLinx by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 554,458 shares of the construction company’s stock worth $62,828,000 after purchasing an additional 17,891 shares during the period. Wellington Management Group LLP acquired a new position in BlueLinx during the 3rd quarter worth approximately $11,025,000. Charles Schwab Investment Management Inc. increased its position in BlueLinx by 12.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 68,633 shares of the construction company’s stock worth $5,634,000 after purchasing an additional 7,860 shares during the period. American Century Companies Inc. increased its position in BlueLinx by 12.8% during the 3rd quarter. American Century Companies Inc. now owns 167,873 shares of the construction company’s stock worth $13,781,000 after purchasing an additional 19,108 shares during the period. Finally, Lazard Asset Management LLC increased its position in BlueLinx by 8.0% during the 3rd quarter. Lazard Asset Management LLC now owns 18,196 shares of the construction company’s stock worth $1,493,000 after purchasing an additional 1,344 shares during the period. Institutional investors and hedge funds own 90.83% of the company’s stock.

BlueLinx Price Performance

BXC stock opened at $98.42 on Wednesday. BlueLinx Holdings Inc. has a 1 year low of $67.76 and a 1 year high of $132.67. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.22 and a current ratio of 4.71. The stock’s 50 day moving average price is $104.79 and its 200 day moving average price is $111.80. The firm has a market cap of $852.32 million, a P/E ratio of 18.47 and a beta of 1.87.

BlueLinx (NYSE:BXC) last posted its earnings results on Tuesday, April 30th. The construction company reported $1.93 earnings per share (EPS) for the quarter. BlueLinx had a return on equity of 14.11% and a net margin of 1.57%. The firm had revenue of $726.24 million for the quarter.

Analyst Ratings Changes

Several equities analysts have issued reports on BXC shares. Benchmark reiterated a “buy” rating and set a $135.00 target price on shares of BlueLinx in a research report on Wednesday, May 29th. Craig Hallum lowered their price target on BlueLinx from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Finally, TheStreet cut BlueLinx from a “b” rating to a “c” rating in a report on Thursday, February 22nd.

BlueLinx Company Profile

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.