Quantinno Capital Management LP Boosts Stake in BlueLinx Holdings Inc. $BXC

Quantinno Capital Management LP lifted its position in BlueLinx Holdings Inc. (NYSE:BXC) by 124.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,657 shares of the construction company’s stock after acquiring an additional 19,236 shares during the period. Quantinno Capital Management LP’s holdings in BlueLinx were worth $1,878,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of BlueLinx by 1.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,788 shares of the construction company’s stock valued at $847,000 after purchasing an additional 154 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in BlueLinx by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,863 shares of the construction company’s stock worth $365,000 after purchasing an additional 220 shares in the last quarter. State of Wyoming raised its holdings in BlueLinx by 19.5% in the fourth quarter. State of Wyoming now owns 1,456 shares of the construction company’s stock worth $89,000 after purchasing an additional 238 shares in the last quarter. Deutsche Bank AG lifted its position in BlueLinx by 0.9% during the fourth quarter. Deutsche Bank AG now owns 37,272 shares of the construction company’s stock valued at $2,290,000 after buying an additional 320 shares during the period. Finally, Royal Bank of Canada lifted its position in BlueLinx by 4.3% during the first quarter. Royal Bank of Canada now owns 7,870 shares of the construction company’s stock valued at $590,000 after buying an additional 321 shares during the period. Hedge funds and other institutional investors own 90.83% of the company’s stock.

BlueLinx Stock Down 1.7%

Shares of NYSE:BXC opened at $89.83 on Wednesday. The stock has a fifty day simple moving average of $59.49 and a two-hundred day simple moving average of $59.24. The stock has a market capitalization of $706.05 million, a price-to-earnings ratio of -359.30 and a beta of 1.44. BlueLinx Holdings Inc. has a 12-month low of $44.78 and a 12-month high of $93.80. The company has a current ratio of 4.01, a quick ratio of 2.59 and a debt-to-equity ratio of 0.95.

BlueLinx (NYSE:BXC) last released its earnings results on Tuesday, August 4th. The construction company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.85. BlueLinx had a positive return on equity of 0.13% and a negative net margin of 0.06%.The firm had revenue of $814.08 million for the quarter, compared to analysts’ expectations of $793.72 million.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BXC shares. Wall Street Zen upgraded shares of BlueLinx from a “hold” rating to a “buy” rating in a report on Saturday. DA Davidson lifted their price target on shares of BlueLinx from $65.00 to $84.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Weiss Ratings reissued a “sell (d)” rating on shares of BlueLinx in a research note on Wednesday, May 20th. Finally, Benchmark upped their price objective on shares of BlueLinx from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $83.50.

About BlueLinx

BlueLinx Corporation is a leading distributor of building products in the United States, serving professional builders, contractors and industrial customers. The company offers a comprehensive portfolio that includes lumber, engineered wood products, plywood, oriented strand board, siding, railing, millwork and specialty construction materials. Through its nationwide network of distribution centers, BlueLinx provides inventory management, delivery and supply-chain solutions designed to help customers streamline operations and reduce carrying costs.

Founded in 2004 as a spin-off from Georgia-Pacific’s distribution business, BlueLinx has developed a broad product line that spans both residential and commercial construction markets.