Victory Capital Management Inc. Has $15.62 Million Stock Position in BlueLinx Holdings Inc. (NYSE:BXC)

Victory Capital Management Inc. cut its holdings in shares of BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 208,341 shares of the construction company's stock after selling 4,977 shares during the period. Victory Capital Management Inc. owned 2.55% of BlueLinx worth $15,621,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in BlueLinx in the fourth quarter worth about $3,451,000. PNC Financial Services Group Inc. bought a new stake in shares of BlueLinx in the 4th quarter valued at approximately $61,000. HighTower Advisors LLC bought a new stake in shares of BlueLinx in the 4th quarter valued at approximately $1,055,000. Intech Investment Management LLC lifted 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 worth $287,000 after acquiring an additional 914 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in BlueLinx by 98.1% during the 4th quarter. Teacher Retirement System of Texas now owns 21,922 shares of the construction company's stock worth $2,240,000 after purchasing an additional 10,854 shares during the period. 90.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BXC has been the subject of a number of research reports. DA Davidson cut BlueLinx from a "buy" rating to a "neutral" rating and set a $80.00 price target for the company. in a research report on Friday, July 18th. Wall Street Zen cut BlueLinx from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Loop Capital dropped their target price on BlueLinx from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Benchmark dropped their price objective on BlueLinx from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $110.00.

BlueLinx Stock Up 1.2%

BXC stock traded up $0.95 during trading on Friday, reaching $79.31. The stock had a trading volume of 30,401 shares, compared to its average volume of 95,175. The company has a market capitalization of $636.07 million, a P/E ratio of 17.71 and a beta of 1.90. The firm has a fifty day moving average price of $73.59 and a 200 day moving average price of $80.93. The company has a current ratio of 4.16, a quick ratio of 2.73 and a debt-to-equity ratio of 0.94. BlueLinx Holdings Inc. has a 1-year low of $63.13 and a 1-year high of $134.79.

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.