Connor Clark & Lunn Investment Management Ltd. lifted its position in BlueLinx Holdings Inc. (NYSE:BXC) by 71.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,375 shares of the construction company’s stock after buying an additional 18,850 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in BlueLinx were worth $1,429,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BXC. BlackRock Inc. increased its position in shares of BlueLinx by 224.2% in the 2nd quarter. BlackRock Inc. now owns 618,729 shares of the construction company’s stock valued at $23,221,000 after buying an additional 427,869 shares in the last quarter. Spark Investment Management LLC increased its holdings in BlueLinx by 1,122.0% during the 2nd quarter. Spark Investment Management LLC now owns 172,300 shares of the construction company’s stock worth $6,466,000 after purchasing an additional 158,200 shares in the last quarter. Northern Trust Corp increased its holdings in BlueLinx by 483.6% during the 2nd quarter. Northern Trust Corp now owns 102,211 shares of the construction company’s stock worth $3,835,000 after purchasing an additional 84,698 shares in the last quarter. Equitec Specialists LLC increased its holdings in BlueLinx by 314.7% during the 3rd quarter. Equitec Specialists LLC now owns 79,739 shares of the construction company’s stock worth $2,511,000 after purchasing an additional 60,509 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in BlueLinx by 17.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 265,529 shares of the construction company’s stock worth $9,965,000 after purchasing an additional 38,633 shares in the last quarter. Institutional investors and hedge funds own 64.97% of the company’s stock.
BXC stock opened at $24.21 on Friday. The stock has a market cap of $234.76 million, a price-to-earnings ratio of 6.48 and a beta of 2.21. The company has a debt-to-equity ratio of 326.37, a current ratio of 3.15 and a quick ratio of 1.44. BlueLinx Holdings Inc. has a 1 year low of $9.24 and a 1 year high of $46.42.
In other news, COO Alexander S. Averitt bought 2,100 shares of the stock in a transaction on Friday, November 9th. The stock was purchased at an average price of $24.64 per share, for a total transaction of $51,744.00. Following the acquisition, the chief operating officer now owns 2,100 shares in the company, valued at $51,744. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Susan C. O’farrell bought 2,500 shares of the stock in a transaction on Monday, November 12th. The shares were purchased at an average price of $23.97 per share, with a total value of $59,925.00. Following the acquisition, the chief financial officer now owns 54,434 shares in the company, valued at approximately $1,304,782.98. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 8,503 shares of company stock valued at $206,264. Corporate insiders own 2.29% of the company’s stock.
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BlueLinx Holdings Inc, together with its subsidiaries, distributes building and industrial products in the United States. It distributes products in two principal categories, structural products and specialty products. The company's structural products include plywood, rebar and remesh, and lumber products, as well as oriented strand boards and other wood products primarily used for structural support, walls, and floorings in construction projects.
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