GAMMA Investing LLC Has $967,000 Stake in BlueLinx Holdings Inc. (NYSE:BXC)

GAMMA Investing LLC raised its position in BlueLinx Holdings Inc. (NYSE:BXC) by 42,890.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,897 shares of the construction company’s stock after acquiring an additional 12,867 shares during the quarter. GAMMA Investing LLC owned approximately 0.16% of BlueLinx worth $967,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. River Road Asset Management LLC acquired a new position in shares of BlueLinx in the 4th quarter valued at approximately $7,541,000. Raymond James Financial Inc. acquired a new position in BlueLinx during the 4th quarter worth approximately $3,451,000. Charles Schwab Investment Management Inc. grew its holdings in BlueLinx by 19.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,871 shares of the construction company’s stock worth $20,419,000 after acquiring an additional 32,693 shares during the last quarter. Portolan Capital Management LLC grew its holdings in BlueLinx by 764.6% during the 4th quarter. Portolan Capital Management LLC now owns 35,061 shares of the construction company’s stock worth $3,582,000 after acquiring an additional 31,006 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in BlueLinx by 8.4% during the 4th quarter. American Century Companies Inc. now owns 311,567 shares of the construction company’s stock worth $31,830,000 after acquiring an additional 24,087 shares during the last quarter. Institutional investors and hedge funds own 90.83% of the company’s stock.

BlueLinx Price Performance

NYSE BXC opened at $68.63 on Tuesday. The company has a 50-day moving average price of $69.28 and a 200-day moving average price of $87.42. The firm has a market capitalization of $550.53 million, a P/E ratio of 11.18 and a beta of 1.91. BlueLinx Holdings Inc. has a 52 week low of $63.14 and a 52 week high of $134.79. The company has a quick ratio of 3.26, a current ratio of 4.85 and a debt-to-equity ratio of 0.89.

Analyst Ratings Changes

Several brokerages recently issued reports on BXC. Wall Street Zen raised shares of BlueLinx from a “sell” rating to a “hold” rating in a research note on Friday, May 30th. DA Davidson lowered their target price on shares of BlueLinx from $119.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Loop Capital decreased their price objective on shares of BlueLinx from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Benchmark decreased their price objective on shares of BlueLinx from $120.00 to $110.00 and set a “buy” rating for the company in a report on Friday, May 2nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, BlueLinx has a consensus rating of “Moderate Buy” and an average target price of $110.00.

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.