BTC Capital Management Inc. Sells 98 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

BTC Capital Management Inc. trimmed its position in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 3.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,557 shares of the construction company’s stock after selling 98 shares during the quarter. BTC Capital Management Inc.’s holdings in BlueLinx were worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of BXC. Public Employees Retirement System of Ohio increased its position in BlueLinx by 59.1% during the third quarter. Public Employees Retirement System of Ohio now owns 377 shares of the construction company’s stock valued at $40,000 after acquiring an additional 140 shares during the last quarter. nVerses Capital LLC increased its position in shares of BlueLinx by 100.0% during the 3rd quarter. nVerses Capital LLC now owns 600 shares of the construction company’s stock valued at $63,000 after purchasing an additional 300 shares during the last quarter. Quest Partners LLC lifted its stake in shares of BlueLinx by 43.2% in the 3rd quarter. Quest Partners LLC now owns 1,133 shares of the construction company’s stock worth $119,000 after purchasing an additional 342 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of BlueLinx by 50.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,135 shares of the construction company’s stock worth $120,000 after purchasing an additional 379 shares during the period. Finally, FMR LLC boosted its holdings in shares of BlueLinx by 10.5% in the third quarter. FMR LLC now owns 1,545 shares of the construction company’s stock worth $163,000 after buying an additional 147 shares during the last quarter. 90.83% of the stock is currently owned by hedge funds and other institutional investors.

BlueLinx Trading Down 4.1 %

Shares of NYSE:BXC opened at $107.66 on Friday. The stock has a 50 day moving average of $112.19 and a 200 day moving average of $108.91. The company has a market cap of $902.19 million, a PE ratio of 31.30 and a beta of 2.06. BlueLinx Holdings Inc. has a 12-month low of $87.67 and a 12-month high of $134.79. The company has a current ratio of 4.58, a quick ratio of 3.26 and a debt-to-equity ratio of 0.88.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of BlueLinx from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $135.67.

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.