Harbor Capital Advisors Inc. Purchases 5,000 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

Harbor Capital Advisors Inc. grew its stake in shares of BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 3.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 143,552 shares of the construction company's stock after acquiring an additional 5,000 shares during the period. Harbor Capital Advisors Inc. owned about 1.73% of BlueLinx worth $10,764,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Intech Investment Management LLC raised its stake in shares of BlueLinx by 48.1% during the 4th quarter. Intech Investment Management LLC now owns 2,813 shares of the construction company's stock valued at $287,000 after purchasing an additional 914 shares during the period. PNC Financial Services Group Inc. bought a new stake in shares of BlueLinx during the fourth quarter valued at about $61,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of BlueLinx by 11.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,433 shares of the construction company's stock worth $351,000 after buying an additional 344 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in BlueLinx by 352.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,469 shares of the construction company's stock valued at $150,000 after acquiring an additional 1,144 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in BlueLinx by 18.6% during the fourth quarter. Bank of America Corp DE now owns 39,527 shares of the construction company's stock valued at $4,038,000 after acquiring an additional 6,209 shares in the last quarter. Hedge funds and other institutional investors own 90.83% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on BXC. DA Davidson cut their price target on shares of BlueLinx from $119.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Loop Capital reduced 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. Wall Street Zen upgraded 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 research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, BlueLinx currently has a consensus rating of "Moderate Buy" and a consensus price target of $110.00.

BlueLinx Price Performance

NYSE:BXC traded down $1.00 during mid-day trading on Thursday, reaching $69.76. The stock had a trading volume of 34,822 shares, compared to its average volume of 81,055. The stock has a market capitalization of $559.61 million, a P/E ratio of 11.36 and a beta of 1.91. The firm has a 50 day moving average price of $69.36 and a two-hundred day moving average price of $89.16. 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.

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.