Two Sigma Advisers LP Sells 5,800 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

Two Sigma Advisers LP trimmed its position in shares of BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,300 shares of the construction company's stock after selling 5,800 shares during the period. Two Sigma Advisers LP owned about 0.50% of BlueLinx worth $4,321,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. purchased a new position in shares of BlueLinx during the 4th quarter valued at about $61,000. AlphaQuest LLC raised its holdings in shares of BlueLinx by 28.4% during the 4th quarter. AlphaQuest LLC now owns 1,455 shares of the construction company's stock valued at $149,000 after buying an additional 322 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of BlueLinx by 352.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,469 shares of the construction company's stock valued at $150,000 after buying an additional 1,144 shares in the last quarter. Mariner LLC purchased a new position in shares of BlueLinx during the 4th quarter valued at about $220,000. Finally, Graham Capital Management L.P. purchased a new position in shares of BlueLinx during the 4th quarter valued at about $234,000. 90.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Benchmark decreased their price target on BlueLinx from $120.00 to $110.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Wall Street Zen cut BlueLinx from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Loop Capital decreased their price target on BlueLinx from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, DA Davidson decreased their price target on BlueLinx from $119.00 to $80.00 and set a "buy" rating on the stock in a research note 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 data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $110.00.

BlueLinx Trading Down 1.1%

Shares of BXC traded down $0.72 during mid-day trading on Friday, hitting $67.27. 6,440 shares of the company's stock traded hands, compared to its average volume of 86,091. The company has a quick ratio of 3.26, a current ratio of 4.85 and a debt-to-equity ratio of 0.89. BlueLinx Holdings Inc. has a 1 year low of $63.55 and a 1 year high of $134.79. The firm has a market capitalization of $539.60 million, a P/E ratio of 10.96 and a beta of 1.99. The business's 50-day moving average price is $70.93 and its 200-day moving average price is $92.55.

About BlueLinx

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.