ABS Direct Equity Fund LLC Decreases Holdings in BlueLinx Holdings Inc. (NYSE:BXC)

ABS Direct Equity Fund LLC reduced its position in BlueLinx Holdings Inc. (NYSE:BXC) by 53.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,226 shares of the construction company’s stock after selling 10,774 shares during the period. ABS Direct Equity Fund LLC owned approximately 0.11% of BlueLinx worth $973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted 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 valued at $408,000 after acquiring an additional 129 shares during the period. Public Employees Retirement System of Ohio lifted its stake 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 worth $40,000 after purchasing an additional 140 shares during the period. FMR LLC boosted its holdings 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 grew its position in BlueLinx by 2.0% during the second quarter. SummerHaven Investment Management LLC now owns 7,853 shares of the construction company’s stock valued at $731,000 after buying an additional 151 shares during the period. Finally, nVerses Capital LLC increased 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 buying an additional 200 shares during the last quarter. Institutional investors own 90.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of 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 data from MarketBeat.com, BlueLinx currently has an average rating of “Buy” and a consensus price target of $135.67.

BlueLinx Stock Up 0.8 %

NYSE BXC opened at $128.29 on Tuesday. BlueLinx Holdings Inc. has a 52 week low of $87.67 and a 52 week high of $134.79. The company has a quick ratio of 3.26, a current ratio of 4.58 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $1.08 billion, a P/E ratio of 37.29 and a beta of 2.05. The stock’s 50-day moving average price is $115.76 and its 200-day moving average price is $106.10.

About BlueLinx

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.