BlueLinx Holdings Inc. (NYSE:BXC) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its position in BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 63.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,940 shares of the construction company's stock after selling 13,982 shares during the period. Teacher Retirement System of Texas owned 0.10% of BlueLinx worth $595,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BXC. Charles Schwab Investment Management Inc. lifted its holdings in shares of BlueLinx by 19.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 199,871 shares of the construction company's stock valued at $20,419,000 after purchasing an additional 32,693 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of BlueLinx in the fourth quarter worth about $3,451,000. PNC Financial Services Group Inc. purchased a new stake in shares of BlueLinx during the fourth quarter worth about $61,000. AlphaQuest LLC grew its position in shares of BlueLinx by 28.4% during 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 in the last quarter. Finally, HighTower Advisors LLC purchased a new position in BlueLinx during the 4th quarter valued at approximately $1,055,000. 90.83% of the stock is owned by hedge funds and other institutional investors.

BlueLinx Stock Performance

Shares of BXC traded down $8.22 during mid-day trading on Friday, reaching $74.15. The company had a trading volume of 166,571 shares, compared to its average volume of 83,449. BlueLinx Holdings Inc. has a 52-week low of $63.14 and a 52-week high of $134.79. The company has a quick ratio of 2.73, a current ratio of 4.16 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $594.68 million, a P/E ratio of 16.55 and a beta of 1.90. The stock has a 50 day moving average of $73.13 and a two-hundred day moving average of $81.57.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BXC shares. DA Davidson lowered BlueLinx from a "buy" rating to a "neutral" rating and set a $80.00 price target for the company. in a research note on Friday. Benchmark decreased their target price 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 lowered BlueLinx from a "hold" rating to a "sell" rating in a research report on Friday. Finally, Loop Capital decreased their target price on BlueLinx from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $110.00.

BlueLinx 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.