BlueLinx Holdings Inc. (NYSE:BXC) Position Increased by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 42,890.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,897 shares of the construction company's stock after buying an additional 12,867 shares during the period. GAMMA Investing LLC owned approximately 0.16% of BlueLinx worth $967,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Mackenzie Financial Corp lifted its holdings in BlueLinx by 146.0% in the fourth quarter. Mackenzie Financial Corp now owns 5,593 shares of the construction company's stock valued at $571,000 after acquiring an additional 3,319 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in BlueLinx by 33.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 504 shares of the construction company's stock valued at $51,000 after acquiring an additional 127 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in BlueLinx by 31.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,705 shares of the construction company's stock valued at $1,911,000 after acquiring an additional 4,525 shares during the period. Towle & Co. lifted its holdings in 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 acquiring an additional 8,123 shares during the period. Finally, ProShare Advisors LLC acquired a new stake in BlueLinx in the fourth quarter valued at $235,000. 90.83% of the stock is owned by hedge funds and other institutional investors.

BlueLinx Stock Up 1.4%

Shares of BXC traded up $0.93 during mid-day trading on Wednesday, reaching $66.36. 74,827 shares of the stock traded hands, compared to its average volume of 81,153. BlueLinx Holdings Inc. has a 12-month low of $63.14 and a 12-month 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 firm has a market cap of $532.17 million, a price-to-earnings ratio of 17.78 and a beta of 1.91. The stock has a fifty day simple moving average of $69.11 and a 200 day simple moving average of $87.26.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BXC. Loop Capital cut their price target on BlueLinx from $120.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, April 14th. DA Davidson decreased their price objective 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. Wall Street Zen upgraded shares of BlueLinx from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Benchmark decreased their price objective 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.