CWA Asset Management Group LLC Acquires 1,291 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

CWA Asset Management Group LLC lifted its stake in BlueLinx Holdings Inc. (NYSE:BXC) by 24.7% during the 4th quarter, Holdings Channel reports. The firm owned 6,518 shares of the construction company’s stock after acquiring an additional 1,291 shares during the period. CWA Asset Management Group LLC’s holdings in BlueLinx were worth $666,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its holdings in BlueLinx by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 4,380 shares of the construction company’s stock worth $408,000 after purchasing an additional 129 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of BlueLinx by 59.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 377 shares of the construction company’s stock valued at $40,000 after buying an additional 140 shares in the last quarter. FMR LLC raised its stake in BlueLinx by 10.5% during the 3rd quarter. FMR LLC now owns 1,545 shares of the construction company’s stock worth $163,000 after buying an additional 147 shares during the period. SkyView Investment Advisors LLC lifted its holdings in BlueLinx by 2.1% during the third quarter. SkyView Investment Advisors LLC now owns 9,101 shares of the construction company’s stock worth $959,000 after acquiring an additional 190 shares in the last quarter. Finally, Koss Olinger Consulting LLC grew its stake in BlueLinx by 5.5% in the third quarter. Koss Olinger Consulting LLC now owns 4,967 shares of the construction company’s stock valued at $524,000 after acquiring an additional 260 shares during the period. 90.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

BlueLinx Stock Down 0.6 %

Shares of BXC stock opened at $97.83 on Thursday. The company has a market capitalization of $819.91 million, a price-to-earnings ratio of 28.44 and a beta of 2.06. BlueLinx Holdings Inc. has a 12-month low of $87.67 and a 12-month high of $134.79. The firm has a fifty day moving average of $116.44 and a 200-day moving average of $107.41. The company has a quick ratio of 3.26, a current ratio of 4.58 and a debt-to-equity ratio of 0.88.

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.