XTX Topco Ltd Has $254,000 Stock Holdings in BlueLinx Holdings Inc. (NYSE:BXC)

XTX Topco Ltd lowered its stake in BlueLinx Holdings Inc. (NYSE:BXC) by 33.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,406 shares of the construction company’s stock after selling 1,201 shares during the quarter. XTX Topco Ltd’s holdings in BlueLinx were worth $254,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BXC. The Manufacturers Life Insurance Company lifted its stake 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 valued at $408,000 after buying an additional 129 shares during the period. FMR LLC raised its position in shares of BlueLinx by 10.5% in the 3rd quarter. FMR LLC now owns 1,545 shares of the construction company’s stock valued at $163,000 after acquiring an additional 147 shares during the period. SummerHaven Investment Management LLC boosted its stake in BlueLinx by 2.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 7,853 shares of the construction company’s stock worth $731,000 after acquiring an additional 151 shares during the last quarter. nVerses Capital LLC grew its holdings in BlueLinx by 200.0% during the second quarter. nVerses Capital LLC now owns 300 shares of the construction company’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Finally, Koss Olinger Consulting LLC increased 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 purchasing an additional 260 shares in the last quarter. 90.83% of the stock is currently owned by institutional investors.

BlueLinx Price Performance

Shares of BXC opened at $110.42 on Thursday. The stock has a 50 day simple moving average of $117.57 and a 200 day simple moving average of $106.88. BlueLinx Holdings Inc. has a 52-week low of $87.67 and a 52-week high of $134.79. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.26 and a current ratio of 4.58. The firm has a market capitalization of $925.43 million, a PE ratio of 32.10 and a beta of 2.05.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of BlueLinx from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Four investment 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 target price 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.