ABS Direct Equity Fund LLC Sells 4,226 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

ABS Direct Equity Fund LLC trimmed its position in BlueLinx Holdings Inc. (NYSE:BXC) by 45.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,000 shares of the construction company’s stock after selling 4,226 shares during the quarter. ABS Direct Equity Fund LLC’s holdings in BlueLinx were worth $511,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in BXC. Squarepoint Ops LLC boosted its holdings in shares of BlueLinx by 548.6% in the 2nd quarter. Squarepoint Ops LLC now owns 22,644 shares of the construction company’s stock valued at $2,108,000 after purchasing an additional 19,153 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake 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 buying an additional 129 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in BlueLinx in the second quarter valued at about $723,000. Algert Global LLC grew its position in BlueLinx by 18.2% in the second quarter. Algert Global LLC now owns 37,114 shares of the construction company’s stock valued at $3,455,000 after acquiring an additional 5,717 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of BlueLinx by 670.7% in the third quarter. SG Americas Securities LLC now owns 10,836 shares of the construction company’s stock worth $1,142,000 after acquiring an additional 9,430 shares during the last quarter. 90.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of BlueLinx from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $135.67.

BlueLinx Trading Up 0.6 %

Shares of BXC stock opened at $110.07 on Tuesday. BlueLinx Holdings Inc. has a twelve month low of $87.67 and a twelve month high of $134.79. The stock’s fifty day simple moving average is $113.21 and its 200 day simple moving average is $108.75. 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 firm has a market capitalization of $922.35 million, a P/E ratio of 32.00 and a beta of 2.06.

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.