8,641 Shares in BlueLinx Holdings Inc. $BXC Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new stake in shares of BlueLinx Holdings Inc. (NYSE:BXC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 8,641 shares of the construction company’s stock, valued at approximately $631,000. GSA Capital Partners LLP owned 0.11% of BlueLinx as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gendell Jeffrey L boosted its stake in shares of BlueLinx by 16.8% during the second quarter. Gendell Jeffrey L now owns 563,730 shares of the construction company’s stock valued at $41,930,000 after purchasing an additional 80,903 shares during the period. Voss Capital LP lifted its holdings in BlueLinx by 285.7% during the 2nd quarter. Voss Capital LP now owns 48,210 shares of the construction company’s stock valued at $3,586,000 after buying an additional 35,710 shares in the last quarter. LSV Asset Management boosted its position in BlueLinx by 78.9% in the 3rd quarter. LSV Asset Management now owns 47,400 shares of the construction company’s stock valued at $3,464,000 after buying an additional 20,900 shares during the period. Third Avenue Management LLC grew its stake in BlueLinx by 55.2% in the 2nd quarter. Third Avenue Management LLC now owns 46,357 shares of the construction company’s stock worth $3,448,000 after acquiring an additional 16,488 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of BlueLinx by 150.5% during the third quarter. Allianz Asset Management GmbH now owns 26,445 shares of the construction company’s stock worth $1,933,000 after acquiring an additional 15,887 shares during the period. Hedge funds and other institutional investors own 90.83% of the company’s stock.

BlueLinx Stock Down 1.1%

Shares of NYSE BXC opened at $72.68 on Monday. BlueLinx Holdings Inc. has a 12-month low of $52.71 and a 12-month high of $91.99. The stock’s fifty day simple moving average is $70.00 and its two-hundred day simple moving average is $70.55. The stock has a market capitalization of $571.97 million, a PE ratio of 42.75 and a beta of 1.62. The company has a current ratio of 4.60, a quick ratio of 3.15 and a debt-to-equity ratio of 0.96.

Analyst Upgrades and Downgrades

BXC has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of BlueLinx in a report on Monday, December 29th. DA Davidson set a $68.00 target price on BlueLinx in a report on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, BlueLinx currently has an average rating of “Hold” and a consensus target price of $88.67.

About BlueLinx

BlueLinx Corporation is a leading distributor of building products in the United States, serving professional builders, contractors and industrial customers. The company offers a comprehensive portfolio that includes lumber, engineered wood products, plywood, oriented strand board, siding, railing, millwork and specialty construction materials. Through its nationwide network of distribution centers, BlueLinx provides inventory management, delivery and supply-chain solutions designed to help customers streamline operations and reduce carrying costs.

Founded in 2004 as a spin-off from Georgia-Pacific’s distribution business, BlueLinx has developed a broad product line that spans both residential and commercial construction markets.