Portolan Capital Management LLC Has $427,000 Stock Position in BlueLinx Holdings Inc. (NYSE:BXC)

Portolan Capital Management LLC decreased its position in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 4.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,055 shares of the construction company’s stock after selling 174 shares during the period. Portolan Capital Management LLC’s holdings in BlueLinx were worth $427,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in BlueLinx by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 4,380 shares of the construction company’s stock valued at $408,000 after purchasing an additional 129 shares during the last quarter. FMR LLC lifted its position in shares of BlueLinx by 10.5% in the third 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 last quarter. SummerHaven Investment Management LLC boosted its stake in shares of 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 in the last quarter. nVerses Capital LLC increased its holdings in shares of BlueLinx by 200.0% during the 2nd quarter. nVerses Capital LLC now owns 300 shares of the construction company’s stock valued at $28,000 after acquiring an additional 200 shares during the last quarter. Finally, Koss Olinger Consulting LLC raised its stake in shares of BlueLinx by 5.5% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 90.83% of the company’s stock.

Analyst Ratings Changes

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

BlueLinx Stock Up 1.3 %

BlueLinx stock opened at $128.52 on Thursday. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 37.36 and a beta of 2.05. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.58 and a quick ratio of 3.26. BlueLinx Holdings Inc. has a fifty-two week low of $87.67 and a fifty-two week high of $134.79. The firm has a fifty day moving average price of $114.42 and a two-hundred day moving average price of $105.55.

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.