BNP Paribas Financial Markets Acquires 1,073 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

BNP Paribas Financial Markets raised its holdings in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 31.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 4,512 shares of the construction company’s stock after purchasing an additional 1,073 shares during the period. BNP Paribas Financial Markets owned 0.05% of BlueLinx worth $476,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Victory Capital Management Inc. increased its holdings in BlueLinx by 600.3% during the third quarter. Victory Capital Management Inc. now owns 218,685 shares of the construction company’s stock valued at $23,054,000 after buying an additional 187,456 shares during the period. Cornercap Investment Counsel Inc. purchased a new position in shares of BlueLinx in the 2nd quarter valued at $495,000. Harbor Capital Advisors Inc. increased its holdings in shares of BlueLinx by 151.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 137,193 shares of the construction company’s stock valued at $14,463,000 after acquiring an additional 82,657 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of BlueLinx by 28.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 167,178 shares of the construction company’s stock valued at $17,624,000 after acquiring an additional 36,968 shares during the period. Finally, Squarepoint Ops LLC raised its position in shares of BlueLinx by 548.6% in the 2nd quarter. Squarepoint Ops LLC now owns 22,644 shares of the construction company’s stock worth $2,108,000 after acquiring an additional 19,153 shares in the last quarter. Institutional investors own 90.83% of the company’s stock.

BlueLinx Price Performance

NYSE BXC opened at $118.79 on Friday. The firm’s fifty day simple moving average is $117.17 and its two-hundred day simple moving average is $106.57. The firm has a market capitalization of $995.58 million, a P/E ratio of 34.53 and a beta of 2.05. The company has a current ratio of 4.58, a quick ratio of 3.26 and a debt-to-equity ratio of 0.88. BlueLinx Holdings Inc. has a 12-month low of $87.67 and a 12-month high of $134.79.

Analysts Set New Price Targets

Separately, StockNews.com upgraded BlueLinx from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $135.67.

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.