1 week Ago By ABMN Staff
Arrowstreet Capital Limited Partnership grew its holdings in BlueLinx Holdings Inc. ( NYSE:BXC – Free Report ) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The fund owned 82,845 shares of the construction company’s stock after purchasing an additional 1,391 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in BlueLinx were worth $8,463,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds have also modified their holdings of the business.
Norges Bank purchased a new position in shares of BlueLinx during the fourth quarter worth $1,532,000. Caisse Des Depots ET Consignations acquired a new position in BlueLinx during the 4th quarter worth about $1,088,000. KLP Kapitalforvaltning AS purchased a new position in BlueLinx during the 4th quarter valued at about $756,000.
American Century Companies Inc. grew its position in BlueLinx by 8.4% in the 4th quarter.
American Century Companies Inc. now owns 311,567 shares of the construction company’s stock valued at $31,830,000 after acquiring an additional 24,087 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in BlueLinx by 98.
1% during the fourth quarter. Teacher Retirement System of Texas now owns 21,922 shares of the construction company’s stock worth $2,240,000 after purchasing an additional 10,854 shares during the period. 90.
83% of the stock is currently owned by hedge funds and other institutional investors. Analysts Set New Price Targets Several research analysts have recently commented on BXC shares. StockNews.
com lowered shares of BlueLinx from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Loop Capital decreased their price target on shares of BlueLinx from $135.00 to $120.
00 and set a “buy” rating for the company in a research report on Friday, February 21st. Benchmark cut their price objective on BlueLinx from $135.00 to $120.
00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, DA Davidson decreased their target price on BlueLinx from $137.00 to $119.
00 and set a “buy” rating for the company in a report on Thursday, February 20th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $123.
50. BlueLinx Trading Up 1.0 % NYSE BXC opened at $72.
74 on Monday. BlueLinx Holdings Inc. has a 52 week low of $67.
42 and a 52 week high of $134.79. The firm has a 50 day moving average of $88.
33 and a two-hundred day moving average of $103.52. The company has a quick ratio of 3.
26, a current ratio of 4.85 and a debt-to-equity ratio of 0.89.
The stock has a market capitalization of $603.35 million, a PE ratio of 11.85 and a beta of 1.
82. BlueLinx ( NYSE:BXC – Get Free Report ) last issued its earnings results on Tuesday, February 18th. The construction company reported $0.
51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01).
BlueLinx had a return on equity of 7.50% and a net margin of 1.80%.
The firm had revenue of $710.64 million for the quarter, compared to analyst estimates of $700.66 million.
BlueLinx Company Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding BXC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for BlueLinx Holdings Inc. ( NYSE:BXC – Free Report ). Receive News & Ratings for BlueLinx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlueLinx and related companies with MarketBeat.
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