Mackenzie Financial Corp Acquires Shares of 2,301 BlueLinx Holdings Inc. (NYSE:BXC)

Mackenzie Financial Corp acquired a new stake in shares of BlueLinx Holdings Inc. (NYSE:BXC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,301 shares of the construction company’s stock, valued at approximately $261,000.

Other institutional investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new stake in shares of BlueLinx in the 3rd quarter worth about $47,000. Raymond James & Associates bought a new stake in shares of BlueLinx in the 3rd quarter worth about $205,000. Quadrature Capital Ltd purchased a new position in BlueLinx in the 3rd quarter worth about $240,000. Quantbot Technologies LP increased its stake in BlueLinx by 74.0% in the 3rd quarter. Quantbot Technologies LP now owns 3,406 shares of the construction company’s stock worth $280,000 after buying an additional 1,449 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in BlueLinx in the 3rd quarter worth about $293,000. Institutional investors own 90.83% of the company’s stock.

BlueLinx Stock Down 0.6 %

Shares of BlueLinx stock opened at $112.95 on Monday. The firm’s 50 day moving average price is $120.87 and its 200-day moving average price is $106.01. The company has a quick ratio of 3.55, a current ratio of 5.13 and a debt-to-equity ratio of 0.90. BlueLinx Holdings Inc. has a 52-week low of $66.58 and a 52-week high of $132.67. The company has a market cap of $977.02 million, a P/E ratio of 21.43 and a beta of 1.90.

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

Analyst Ratings Changes

A number of research analysts have commented on the stock. Benchmark raised their target price on shares of BlueLinx from $100.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. TheStreet downgraded shares of BlueLinx from a “b” rating to a “c” rating in a research report on Thursday, February 22nd.

Insider Buying and Selling at BlueLinx

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 completion of the sale, the director now directly owns 38,828 shares in the company, valued at approximately $4,624,026.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 completion of the sale, the director now directly owns 38,828 shares in the company, valued at approximately $4,624,026.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mitchell B. Lewis sold 5,352 shares of BlueLinx stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $116.33, for a total transaction of $622,598.16. Following the sale, the director now owns 33,476 shares of the company’s stock, valued at $3,894,263.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,570 shares of company stock worth $1,000,196. Company insiders own 4.50% of the company’s stock.

About BlueLinx

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.