BlueLinx Holdings Inc. (NYSE:BXC) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. cut its holdings in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 51.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,606 shares of the construction company’s stock after selling 2,712 shares during the period. Cornercap Investment Counsel Inc.’s holdings in BlueLinx were worth $275,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MQS Management LLC bought a new stake in BlueLinx during the third quarter worth approximately $355,000. Victory Capital Management Inc. raised its stake in BlueLinx by 600.3% during the 3rd quarter. Victory Capital Management Inc. now owns 218,685 shares of the construction company’s stock valued at $23,054,000 after purchasing an additional 187,456 shares during the period. CWA Asset Management Group LLC acquired a new stake in BlueLinx during the 3rd quarter valued at $551,000. Summit Global Investments raised its stake in BlueLinx by 24.7% during the 3rd quarter. Summit Global Investments now owns 11,545 shares of the construction company’s stock valued at $1,217,000 after purchasing an additional 2,289 shares during the period. Finally, Harbor Capital Advisors Inc. raised its stake in BlueLinx by 151.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 137,193 shares of the construction company’s stock valued at $14,463,000 after purchasing an additional 82,657 shares during the period. 90.83% of the stock is currently owned by institutional investors and hedge funds.

BlueLinx Price Performance

Shares of BlueLinx stock opened at $120.39 on Monday. The company has a current ratio of 4.58, a quick ratio of 3.26 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 35.00 and a beta of 1.94. BlueLinx Holdings Inc. has a 1-year low of $84.43 and a 1-year high of $132.67. The firm’s 50-day moving average price is $108.33 and its two-hundred day moving average price is $103.49.

Wall Street Analysts Forecast Growth

BXC has been the topic of several research analyst reports. DA Davidson boosted their price target on shares of BlueLinx from $121.00 to $137.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Craig Hallum boosted their target price on shares of BlueLinx from $125.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, StockNews.com raised shares of BlueLinx from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $135.67.

BlueLinx Company Profile

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.