AQR Capital Management LLC Sells 17,504 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

AQR Capital Management LLC decreased its holdings in BlueLinx Holdings Inc. (NYSE:BXC) by 14.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,242 shares of the construction company’s stock after selling 17,504 shares during the period. AQR Capital Management LLC owned 1.23% of BlueLinx worth $9,890,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SummerHaven Investment Management LLC boosted its stake in BlueLinx by 2.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 7,853 shares of the construction company’s stock worth $731,000 after purchasing an additional 151 shares during the period. nVerses Capital LLC boosted its position in shares of BlueLinx by 200.0% during 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 during the last quarter. Price T Rowe Associates Inc. MD grew its stake in BlueLinx by 4.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,722 shares of the construction company’s stock valued at $876,000 after acquiring an additional 293 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in BlueLinx by 13.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,666 shares of the construction company’s stock valued at $302,000 after acquiring an additional 311 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in BlueLinx in the 2nd quarter worth $39,000. Hedge funds and other institutional investors own 90.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BXC shares. DA Davidson raised their price objective on BlueLinx from $121.00 to $137.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. StockNews.com upgraded BlueLinx from a “hold” rating to a “buy” rating in a report on Tuesday, August 27th. Finally, Craig Hallum upped their price objective on BlueLinx from $125.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $135.67.

BlueLinx Stock Down 1.3 %

Shares of NYSE:BXC opened at $103.49 on Thursday. The company has a 50-day moving average price of $102.25 and a 200 day moving average price of $105.55. The company has a current ratio of 4.88, a quick ratio of 3.37 and a debt-to-equity ratio of 0.88. BlueLinx Holdings Inc. has a 12 month low of $67.76 and a 12 month high of $132.67. The company has a market cap of $896.43 million, a price-to-earnings ratio of 19.42 and a beta of 1.94.

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

BlueLinx 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.