BlueLinx Holdings Inc. (NYSE:BXC) Shares Purchased by Mill Road Capital Management LLC

Mill Road Capital Management LLC grew its stake in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 10.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 142,297 shares of the construction company’s stock after purchasing an additional 13,023 shares during the quarter. BlueLinx accounts for 7.1% of Mill Road Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. Mill Road Capital Management LLC’s holdings in BlueLinx were worth $15,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. increased its stake in BlueLinx by 600.3% during the 3rd quarter. Victory Capital Management Inc. now owns 218,685 shares of the construction company’s stock worth $23,054,000 after buying an additional 187,456 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of BlueLinx by 151.6% during the third quarter. Harbor Capital Advisors Inc. now owns 137,193 shares of the construction company’s stock valued at $14,463,000 after acquiring an additional 82,657 shares in the last quarter. Meros Investment Management LP purchased a new stake in shares of BlueLinx during the second quarter worth about $3,663,000. Charles Schwab Investment Management Inc. lifted its stake in shares of BlueLinx by 28.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 167,178 shares of the construction company’s stock worth $17,624,000 after acquiring an additional 36,968 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in BlueLinx by 12.4% in the second quarter. American Century Companies Inc. now owns 268,059 shares of the construction company’s stock valued at $24,954,000 after purchasing an additional 29,582 shares during the last quarter. Hedge funds and other institutional investors own 90.83% of the company’s stock.

BlueLinx Stock Performance

Shares of BXC stock opened at $126.85 on Wednesday. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 36.88 and a beta of 2.05. The company’s 50-day simple moving average is $113.92 and its 200-day simple moving average is $105.38. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.26 and a current ratio of 4.58. BlueLinx Holdings Inc. has a one year low of $87.67 and a one year high of $134.79.

Analyst Ratings Changes

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

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.