UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 4,525 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 31.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,705 shares of the construction company's stock after purchasing an additional 4,525 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.22% of BlueLinx worth $1,911,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. acquired a new stake in BlueLinx in the fourth quarter worth about $61,000. AlphaQuest LLC increased its position in BlueLinx by 28.4% in the fourth quarter. AlphaQuest LLC now owns 1,455 shares of the construction company's stock worth $149,000 after purchasing an additional 322 shares during the period. Tower Research Capital LLC TRC increased its position in BlueLinx by 352.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,469 shares of the construction company's stock worth $150,000 after purchasing an additional 1,144 shares during the period. Mariner LLC acquired a new stake in BlueLinx in the fourth quarter worth about $220,000. Finally, Graham Capital Management L.P. acquired a new stake in BlueLinx in the fourth quarter worth about $234,000. Institutional investors own 90.83% of the company's stock.

BlueLinx Trading Down 0.6%

BXC traded down $0.44 during midday trading on Wednesday, reaching $71.08. 84,134 shares of the company were exchanged, compared to its average volume of 81,218. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.26 and a current ratio of 4.85. BlueLinx Holdings Inc. has a one year low of $63.14 and a one year high of $134.79. The stock has a market capitalization of $570.20 million, a P/E ratio of 11.58 and a beta of 1.91. The stock's 50-day simple moving average is $69.36 and its 200 day simple moving average is $89.16.

Wall Street Analyst Weigh In

A number of analysts recently commented on BXC shares. Loop Capital lowered their price objective on BlueLinx from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Benchmark lowered their price objective on BlueLinx from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Wall Street Zen upgraded BlueLinx from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Finally, DA Davidson reduced their target price on BlueLinx from $119.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.00.

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.