State Street Corp Purchases 1,252 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

State Street Corp grew its holdings in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 0.6% in the third quarter, Holdings Channel.com reports. The firm owned 198,003 shares of the construction company’s stock after buying an additional 1,252 shares during the period. State Street Corp’s holdings in BlueLinx were worth $20,873,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Quadrature Capital Ltd boosted its holdings in BlueLinx by 108.1% in the 3rd quarter. Quadrature Capital Ltd now owns 6,957 shares of the construction company’s stock worth $733,000 after buying an additional 3,614 shares during the period. Mill Road Capital Management LLC lifted its position in shares of BlueLinx by 10.1% during the third quarter. Mill Road Capital Management LLC now owns 142,297 shares of the construction company’s stock worth $15,001,000 after acquiring an additional 13,023 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of BlueLinx in the third quarter worth $262,000. De Lisle Partners LLP grew its position in shares of BlueLinx by 14.2% in the third quarter. De Lisle Partners LLP now owns 48,373 shares of the construction company’s stock valued at $5,095,000 after purchasing an additional 6,000 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of BlueLinx by 31.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,512 shares of the construction company’s stock valued at $476,000 after purchasing an additional 1,073 shares during the period. Hedge funds and other institutional investors own 90.83% of the company’s stock.

BlueLinx Stock Down 1.0 %

BXC opened at $105.71 on Tuesday. The firm has a market capitalization of $885.96 million, a P/E ratio of 30.73 and a beta of 2.05. BlueLinx Holdings Inc. has a one year low of $87.67 and a one year high of $134.79. The company has a fifty day moving average price of $117.52 and a 200-day moving average price of $107.05. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.58 and a quick ratio of 3.26.

Analyst Ratings Changes

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