Two Sigma Investments LP Trims Holdings in BlueLinx Holdings Inc. (NYSE:BXC)

Two Sigma Investments LP decreased its position in BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 24.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,503 shares of the construction company's stock after selling 12,302 shares during the period. Two Sigma Investments LP owned about 0.46% of BlueLinx worth $3,933,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. purchased a new position in BlueLinx in the fourth quarter valued at $61,000. AlphaQuest LLC grew its position in shares of BlueLinx by 28.4% in the fourth quarter. AlphaQuest LLC now owns 1,455 shares of the construction company's stock valued at $149,000 after purchasing an additional 322 shares during the period. Tower Research Capital LLC TRC grew its position in shares of BlueLinx by 352.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,469 shares of the construction company's stock valued at $150,000 after purchasing an additional 1,144 shares during the period. Mariner LLC acquired a new stake in shares of BlueLinx in the fourth quarter valued at about $220,000. Finally, Graham Capital Management L.P. acquired a new stake in shares of BlueLinx in the fourth quarter valued at about $234,000. Hedge funds and other institutional investors own 90.83% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on BXC shares. Loop Capital dropped their target price on shares of BlueLinx from $120.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Wall Street Zen upgraded shares of BlueLinx from a "sell" rating to a "hold" rating in a research report on Friday. Benchmark lowered their price target on shares of BlueLinx from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, DA Davidson lowered their price target on shares of BlueLinx from $119.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $110.00.

BlueLinx Price Performance

BXC traded down $1.00 on Friday, reaching $66.98. 69,100 shares of the company's stock were exchanged, compared to its average volume of 81,032. The stock has a market cap of $537.31 million, a PE ratio of 10.91 and a beta of 1.99. BlueLinx Holdings Inc. has a twelve month low of $63.55 and a twelve month high of $134.79. The stock's fifty day moving average price is $70.64 and its 200-day moving average price is $92.17. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.85 and a quick ratio of 3.26.

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.