Quadrature Capital Ltd Grows Stake in BlueLinx Holdings Inc. (NYSE:BXC)

Quadrature Capital Ltd raised its stake in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 108.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,957 shares of the construction company’s stock after purchasing an additional 3,614 shares during the period. Quadrature Capital Ltd owned 0.08% of BlueLinx worth $733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company raised its holdings in BlueLinx by 3.0% during the 2nd 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 increased its position in BlueLinx by 10.5% during the third 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 last quarter. SummerHaven Investment Management LLC raised its stake in shares of BlueLinx by 2.0% in the second quarter. SummerHaven Investment Management LLC now owns 7,853 shares of the construction company’s stock valued at $731,000 after acquiring an additional 151 shares during the period. nVerses Capital LLC lifted its holdings in shares of BlueLinx by 200.0% in the 2nd quarter. nVerses Capital LLC now owns 300 shares of the construction company’s stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Finally, Koss Olinger Consulting LLC boosted its stake in shares of BlueLinx by 5.5% during the 3rd quarter. Koss Olinger Consulting LLC now owns 4,967 shares of the construction company’s stock worth $524,000 after purchasing an additional 260 shares during the period. 90.83% of the stock is owned by institutional investors.

BlueLinx Stock Performance

BXC stock opened at $127.27 on Friday. The business’s fifty day simple moving average is $115.30 and its two-hundred day simple moving average is $105.89. BlueLinx Holdings Inc. has a twelve month low of $87.67 and a twelve month high of $134.79. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 37.00 and a beta of 2.05. The company has a quick ratio of 3.26, a current ratio of 4.58 and a debt-to-equity ratio of 0.88.

Analyst Ratings Changes

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, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $135.67.

BlueLinx Company 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.