Oliver Luxxe Assets LLC Increases Stock Holdings in BlueLinx Holdings Inc. (NYSE:BXC)

Oliver Luxxe Assets LLC increased its holdings in BlueLinx Holdings Inc. (NYSE:BXCFree Report) by 10.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,883 shares of the construction company’s stock after purchasing an additional 653 shares during the period. Oliver Luxxe Assets LLC owned 0.08% of BlueLinx worth $780,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new position in BlueLinx in the third quarter valued at $47,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in BlueLinx by 19.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,410 shares of the construction company’s stock valued at $160,000 after acquiring an additional 230 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in BlueLinx in the fourth quarter valued at $205,000. Mackenzie Financial Corp acquired a new position in BlueLinx in the fourth quarter valued at $261,000. Finally, Raymond James & Associates acquired a new position in BlueLinx in the third quarter valued at $205,000. Hedge funds and other institutional investors own 90.83% of the company’s stock.

BlueLinx Stock Down 3.9 %

Shares of BXC traded down $4.07 during midday trading on Wednesday, reaching $99.30. 130,056 shares of the company were exchanged, compared to its average volume of 76,184. The company has a current ratio of 4.71, a quick ratio of 3.22 and a debt-to-equity ratio of 0.88. BlueLinx Holdings Inc. has a 1-year low of $67.76 and a 1-year high of $132.67. The stock has a 50-day moving average price of $113.62 and a 200-day moving average price of $110.56. The company has a market cap of $859.94 million, a price-to-earnings ratio of 19.40 and a beta of 1.96.

BlueLinx (NYSE:BXCGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.93 EPS for the quarter. BlueLinx had a return on equity of 14.11% and a net margin of 1.57%. The business had revenue of $726.24 million for the quarter.

Wall Street Analyst Weigh In

BXC has been the topic of a number of research analyst reports. TheStreet cut BlueLinx from a “b” rating to a “c” rating in a report on Thursday, February 22nd. Craig Hallum reduced their price objective on BlueLinx from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, Benchmark restated a “buy” rating and set a $135.00 price objective on shares of BlueLinx in a research note on Wednesday.

Get Our Latest Research Report on BXC

Insider Buying and Selling

In related news, Director Mitchell B. Lewis sold 5,352 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $116.33, for a total value of $622,598.16. Following the transaction, the director now owns 33,476 shares in the company, valued at $3,894,263.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Mitchell B. Lewis sold 5,352 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $116.33, for a total value of $622,598.16. Following the transaction, the director now owns 33,476 shares in the company, valued at $3,894,263.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mitchell B. Lewis sold 2,904 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $117.15, for a total value of $340,203.60. Following the completion of the sale, the director now directly owns 2,790 shares of the company’s stock, valued at $326,848.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,570 shares of company stock worth $1,000,196. 3.38% of the stock is currently owned by corporate insiders.

BlueLinx Profile

(Free Report)

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.

Recommended 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:BXCFree Report).

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.