ABS Direct Equity Fund LLC Sells 4,226 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

ABS Direct Equity Fund LLC lowered its stake in BlueLinx Holdings Inc. (NYSE:BXC) by 45.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,000 shares of the construction company’s stock after selling 4,226 shares during the period. ABS Direct Equity Fund LLC owned approximately 0.06% of BlueLinx worth $511,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its position in shares of BlueLinx by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 4,380 shares of the construction company’s stock valued at $408,000 after purchasing an additional 129 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in BlueLinx by 59.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 377 shares of the construction company’s stock valued at $40,000 after buying an additional 140 shares in the last quarter. FMR LLC increased its position in BlueLinx by 10.5% during the 3rd 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 period. SkyView Investment Advisors LLC lifted its holdings in shares of BlueLinx by 2.1% during the third quarter. SkyView Investment Advisors LLC now owns 9,101 shares of the construction company’s stock worth $959,000 after buying an additional 190 shares in the last quarter. Finally, Hunter Perkins Capital Management LLC boosted its position in shares of BlueLinx by 4.0% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 5,225 shares of the construction company’s stock valued at $534,000 after acquiring an additional 200 shares during the period. 90.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

BlueLinx Price Performance

BlueLinx stock opened at $110.07 on Tuesday. The stock’s fifty day moving average price is $113.21 and its two-hundred day moving average price is $108.75. The firm has a market cap of $922.35 million, a PE ratio of 32.00 and a beta of 2.06. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.58 and a quick ratio of 3.26. BlueLinx Holdings Inc. has a one year low of $87.67 and a one year high of $134.79.

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.