Boothbay Fund Management LLC Takes $276,000 Position in BlueLinx Holdings Inc. (NYSE:BXC)

Posted by on Mar 4th, 2023

Boothbay Fund Management LLC purchased a new stake in shares of BlueLinx Holdings Inc. (NYSE:BXC – Get Rating) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,440 shares of the construction company’s stock, valued at approximately $276,000.

Other hedge funds have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC boosted its stake in shares of BlueLinx by 45.9% during the second quarter. Steward Partners Investment Advisory LLC now owns 639 shares of the construction company’s stock valued at $43,000 after purchasing an additional 201 shares in the last quarter. Covestor Ltd acquired a new stake in shares of BlueLinx during the first quarter valued at about $50,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of BlueLinx during the third quarter valued at about $73,000. JBF Capital Inc. acquired a new stake in shares of BlueLinx during the second quarter valued at about $134,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of BlueLinx during the second quarter valued at about $167,000. 84.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BXC has been the topic of a number of recent analyst reports. Benchmark lifted their price objective on BlueLinx from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, February 23rd. StockNews.com lowered BlueLinx from a “buy” rating to a “hold” rating in a research note on Friday.

BlueLinx Price Performance

BlueLinx stock opened at $88.35 on Friday. The stock’s 50 day moving average is $82.30 and its 200 day moving average is $73.22. The company has a debt-to-equity ratio of 0.95, a current ratio of 5.11 and a quick ratio of 2.81. The firm has a market cap of $800.36 million, a P/E ratio of 2.89 and a beta of 1.65. BlueLinx Holdings Inc. has a one year low of $57.49 and a one year high of $100.01.

BlueLinx Profile

(Get Rating)

BlueLinx Holdings, Inc engages in the distribution of building and industrial products. Its products include structural and specialty. The Structural products consist of plywood, oriented strand board, rebar and remesh, lumber, spruce and other wood used for structural support, walls, and flooring in construction projects.

Featured Stories

Want to see what other hedge funds are holding BXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlueLinx Holdings Inc. (NYSE:BXC – Get Rating).

Institutional Ownership by Quarter for BlueLinx (NYSE:BXC)

Receive News & Ratings for BlueLinx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlueLinx and related companies with MarketBeat.com's FREE daily email newsletter.