Stratos Wealth Partners LTD. Acquires 156 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

Stratos Wealth Partners LTD. grew its holdings in BlueLinx Holdings Inc. (NYSE:BXC) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,751 shares of the construction company’s stock after buying an additional 156 shares during the period. Stratos Wealth Partners LTD.’s holdings in BlueLinx were worth $425,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP bought a new stake in shares of BlueLinx in the third quarter valued at about $11,025,000. State Board of Administration of Florida Retirement System lifted its position in shares of BlueLinx by 482.5% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 14,482 shares of the construction company’s stock valued at $1,189,000 after acquiring an additional 11,996 shares during the period. American Century Companies Inc. increased its position in shares of BlueLinx by 12.8% in the third quarter. American Century Companies Inc. now owns 167,873 shares of the construction company’s stock worth $13,781,000 after purchasing an additional 19,108 shares during the period. Charles Schwab Investment Management Inc. grew its stake in BlueLinx by 12.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 68,633 shares of the construction company’s stock worth $5,634,000 after buying an additional 7,860 shares in the last quarter. Finally, WINTON GROUP Ltd raised its position in shares of BlueLinx by 32.9% in the 3rd quarter. WINTON GROUP Ltd now owns 5,171 shares of the construction company’s stock valued at $424,000 after buying an additional 1,280 shares in the last quarter. 90.83% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other BlueLinx news, Director Mitchell B. Lewis sold 314 shares of BlueLinx stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $119.09, for a total transaction of $37,394.26. Following the transaction, the director now owns 38,828 shares of the company’s stock, valued at approximately $4,624,026.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Mitchell B. Lewis sold 5,352 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $116.33, for a total transaction of $622,598.16. Following the sale, the director now directly owns 33,476 shares in the company, valued at approximately $3,894,263.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mitchell B. Lewis sold 314 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $119.09, for a total value of $37,394.26. Following the sale, the director now directly owns 38,828 shares in the company, valued at approximately $4,624,026.52. The disclosure for this sale can be found here. Insiders have sold 8,570 shares of company stock valued at $1,000,196 in the last three months. 4.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on BXC. Benchmark boosted their price target on BlueLinx from $100.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. TheStreet cut BlueLinx from a “b” rating to a “c” rating in a report on Thursday, February 22nd.

BlueLinx Stock Performance

Shares of BXC opened at $117.50 on Friday. BlueLinx Holdings Inc. has a 12 month low of $66.58 and a 12 month high of $132.67. The company has a current ratio of 5.13, a quick ratio of 3.55 and a debt-to-equity ratio of 0.90. The firm’s fifty day simple moving average is $122.16 and its two-hundred day simple moving average is $103.54. The stock has a market capitalization of $1.02 billion, a P/E ratio of 22.30 and a beta of 1.90.

BlueLinx (NYSE:BXC) last issued its earnings results on Tuesday, February 20th. The construction company reported $2.64 EPS for the quarter. The business had revenue of $712.53 million during the quarter. BlueLinx had a return on equity of 14.81% and a net margin of 1.55%.

BlueLinx 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.