UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Position in BlueLinx Holdings Inc. (NYSE:BXC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 31.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,705 shares of the construction company's stock after acquiring an additional 4,525 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.22% of BlueLinx worth $1,911,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Towle & Co. grew its holdings in shares of BlueLinx by 7.2% in the fourth quarter. Towle & Co. now owns 120,972 shares of the construction company's stock valued at $12,358,000 after purchasing an additional 8,123 shares in the last quarter. ProShare Advisors LLC purchased a new position in shares of BlueLinx in the 4th quarter worth $235,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of BlueLinx by 2.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,643 shares of the construction company's stock worth $474,000 after buying an additional 104 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of BlueLinx during the 4th quarter valued at about $1,608,000. Finally, Graham Capital Management L.P. bought a new position in shares of BlueLinx in the 4th quarter valued at about $234,000. 90.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BXC has been the topic of several analyst reports. Wall Street Zen raised BlueLinx from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Benchmark decreased their price target on BlueLinx from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. DA Davidson dropped their price objective on shares of BlueLinx from $119.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Loop Capital lowered their target price on shares of BlueLinx from $120.00 to $115.00 and set a "buy" rating for the company in a report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $110.00.

BlueLinx Stock Up 2.8%

NYSE:BXC traded up $1.92 during trading hours on Monday, reaching $69.29. The company's stock had a trading volume of 64,946 shares, compared to its average volume of 81,047. The stock has a 50 day moving average price of $69.58 and a two-hundred day moving average price of $89.82. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.26 and a current ratio of 4.85. The company has a market capitalization of $555.84 million, a P/E ratio of 11.28 and a beta of 1.91. BlueLinx Holdings Inc. has a 12 month low of $63.14 and a 12 month high of $134.79.

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.