Y Intercept Hong Kong Ltd Makes New $342,000 Investment in BlueLinx Holdings Inc. (NYSE:BXC)

Posted by Defense World Staff on Aug 18th, 2023

Y Intercept Hong Kong Ltd purchased a new position in shares of BlueLinx Holdings Inc. (NYSE:BXC – Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 5,037 shares of the construction company’s stock, valued at approximately $342,000. Y Intercept Hong Kong Ltd owned 0.06% of BlueLinx at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. grew its holdings in BlueLinx by 1.0% during the 3rd quarter. BlackRock Inc. now owns 790,691 shares of the construction company’s stock worth $49,102,000 after acquiring an additional 7,497 shares during the period. Voss Capital LLC grew its holdings in BlueLinx by 13.5% during the 4th quarter. Voss Capital LLC now owns 599,723 shares of the construction company’s stock worth $42,646,000 after acquiring an additional 71,223 shares during the period. Vanguard Group Inc. grew its stake in shares of BlueLinx by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 540,929 shares of the construction company’s stock valued at $38,883,000 after buying an additional 38,787 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of BlueLinx by 12.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 387,114 shares of the construction company’s stock valued at $27,528,000 after buying an additional 44,210 shares during the period. Finally, Portolan Capital Management LLC grew its stake in shares of BlueLinx by 27.3% in the 4th quarter. Portolan Capital Management LLC now owns 200,820 shares of the construction company’s stock valued at $14,280,000 after buying an additional 43,058 shares during the period. 88.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at BlueLinx

In related news, Director Mitchell B. Lewis sold 15,678 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $85.49, for a total value of $1,340,312.22. Following the transaction, the director now owns 67,530 shares of the company’s stock, valued at approximately $5,773,139.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other BlueLinx news, Director Mitchell B. Lewis sold 15,678 shares of BlueLinx stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $85.49, for a total transaction of $1,340,312.22. Following the transaction, the director now owns 67,530 shares of the company’s stock, valued at approximately $5,773,139.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mitchell B. Lewis sold 2,246 shares of BlueLinx stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $85.52, for a total transaction of $192,077.92. Following the transaction, the director now directly owns 46,839 shares in the company, valued at approximately $4,005,671.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,040 shares of company stock valued at $2,064,632. 4.50% of the stock is owned by corporate insiders.

BlueLinx Price Performance

Shares of NYSE BXC opened at $81.52 on Friday. BlueLinx Holdings Inc. has a fifty-two week low of $57.49 and a fifty-two week high of $98.33. The stock has a market cap of $733.68 million, a price-to-earnings ratio of 5.61 and a beta of 1.87. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.10 and a current ratio of 4.65. The firm’s 50-day simple moving average is $91.39 and its 200 day simple moving average is $83.20.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on BlueLinx in a research note on Thursday. They issued a “hold” rating for the company.

Check Out Our Latest Analysis on BlueLinx

About BlueLinx

(Free Report)

BlueLinx Holdings Inc, together with its subsidiaries, distributes residential and commercial building products in the United States. The company distributes specialty products comprising engineered wood, siding, millwork, outdoor living, specialty lumber and panels, and industrial products; and structural products include lumber, plywood, oriented strand boards, rebars and remesh, and other wood products primarily that are used for structural support in construction projects.