Quest Partners LLC Has $74,000 Position in BlueLinx Holdings Inc. (NYSE:BXC)

Quest Partners LLC decreased its position in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 66.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 791 shares of the construction company’s stock after selling 1,535 shares during the quarter. Quest Partners LLC’s holdings in BlueLinx were worth $74,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Koss Olinger Consulting LLC bought a new position in shares of BlueLinx during the second quarter worth $438,000. Victory Capital Management Inc. lifted its holdings in BlueLinx by 3.2% during the second quarter. Victory Capital Management Inc. now owns 31,229 shares of the construction company’s stock worth $2,907,000 after acquiring an additional 963 shares in the last quarter. Privium Fund Management UK Ltd grew its stake in BlueLinx by 203.0% in the second quarter. Privium Fund Management UK Ltd now owns 11,234 shares of the construction company’s stock valued at $1,009,000 after acquiring an additional 7,526 shares during the period. nVerses Capital LLC increased its holdings in shares of BlueLinx by 200.0% in the second quarter. nVerses Capital LLC now owns 300 shares of the construction company’s stock worth $28,000 after acquiring an additional 200 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of BlueLinx by 9.9% during the second quarter. Principal Financial Group Inc. now owns 6,047 shares of the construction company’s stock worth $563,000 after purchasing an additional 545 shares during the period. Institutional investors and hedge funds own 90.83% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on BXC. StockNews.com upgraded BlueLinx from a “hold” rating to a “buy” rating in a research report on Tuesday, August 27th. Benchmark reiterated a “buy” rating and issued a $135.00 price target on shares of BlueLinx in a report on Wednesday, May 29th. DA Davidson raised their price objective on shares of BlueLinx from $121.00 to $137.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Craig Hallum upped their target price on shares of BlueLinx from $125.00 to $135.00 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 MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $135.67.

BlueLinx Price Performance

Shares of BXC opened at $105.68 on Wednesday. The company has a 50 day moving average of $102.87 and a 200-day moving average of $106.48. The company has a quick ratio of 3.37, a current ratio of 4.88 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $915.40 million, a P/E ratio of 19.83 and a beta of 1.95. BlueLinx Holdings Inc. has a twelve month low of $67.76 and a twelve month high of $132.67.

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

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.