BlueLinx Holdings Inc. (NYSE:BXC) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. boosted its holdings in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 138,552 shares of the construction company’s stock after acquiring an additional 1,359 shares during the period. BlueLinx comprises 0.6% of Harbor Capital Advisors Inc.’s portfolio, making the stock its 23rd largest holding. Harbor Capital Advisors Inc. owned approximately 1.65% of BlueLinx worth $14,154,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its position in BlueLinx by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 4,380 shares of the construction company’s stock worth $408,000 after purchasing an additional 129 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake 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 worth $40,000 after acquiring an additional 140 shares during the last quarter. FMR LLC increased its stake in BlueLinx by 10.5% during the third quarter. FMR LLC now owns 1,545 shares of the construction company’s stock worth $163,000 after acquiring an additional 147 shares during the last quarter. SkyView Investment Advisors LLC lifted its stake in shares of BlueLinx by 2.1% in the 3rd quarter. SkyView Investment Advisors LLC now owns 9,101 shares of the construction company’s stock valued at $959,000 after purchasing an additional 190 shares in the last quarter. Finally, Koss Olinger Consulting LLC grew its holdings in shares of BlueLinx by 5.5% during the 3rd quarter. Koss Olinger Consulting LLC now owns 4,967 shares of the construction company’s stock worth $524,000 after purchasing an additional 260 shares during the period. Hedge funds and other institutional investors own 90.83% of the company’s stock.

BlueLinx Stock Down 2.3 %

BlueLinx stock traded down $2.23 during midday trading on Friday, hitting $95.42. 14,215 shares of the stock were exchanged, compared to its average volume of 46,827. BlueLinx Holdings Inc. has a 1 year low of $87.67 and a 1 year high of $134.79. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.58 and a quick ratio of 3.26. The firm has a market cap of $799.72 million, a P/E ratio of 27.74 and a beta of 2.06. The company has a 50 day moving average price of $116.20 and a two-hundred day moving average price of $107.34.

Analyst Ratings Changes

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

BlueLinx 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.