BlueLinx Holdings Inc. (NYSE:BXC) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its holdings in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 63.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,940 shares of the construction company’s stock after selling 13,982 shares during the quarter. Teacher Retirement System of Texas owned 0.10% of BlueLinx worth $595,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BXC. Public Employees Retirement System of Ohio raised its stake in shares of BlueLinx by 33.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 504 shares of the construction company’s stock worth $51,000 after purchasing an additional 127 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in BlueLinx in the fourth quarter valued at $61,000. AlphaQuest LLC grew its holdings in BlueLinx by 28.4% in the fourth quarter. AlphaQuest LLC now owns 1,455 shares of the construction company’s stock valued at $149,000 after purchasing an additional 322 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of BlueLinx by 352.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,469 shares of the construction company’s stock valued at $150,000 after acquiring an additional 1,144 shares during the last quarter. Finally, Mariner LLC acquired a new stake in shares of BlueLinx during the fourth quarter valued at $220,000. 90.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

BlueLinx Stock Down 3.0%

BXC opened at $81.37 on Wednesday. BlueLinx Holdings Inc. has a one year low of $63.14 and a one year high of $134.79. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.73 and a current ratio of 4.16. The stock’s fifty day moving average is $72.38 and its 200-day moving average is $81.91. The company has a market capitalization of $652.59 million, a PE ratio of 18.16 and a beta of 1.90.

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.