Lord Abbett & CO. LLC Sells 1,127 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

Lord Abbett & CO. LLC reduced its holdings in BlueLinx Holdings Inc. (NYSE:BXC) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,921 shares of the construction company’s stock after selling 1,127 shares during the quarter. Lord Abbett & CO. LLC owned approximately 0.69% of BlueLinx worth $6,106,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of BXC. SkyView Investment Advisors LLC increased its position in 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 acquiring an additional 190 shares in the last quarter. Meros Investment Management LP grew its stake in shares of BlueLinx by 54.5% during the third quarter. Meros Investment Management LP now owns 60,799 shares of the construction company’s stock valued at $6,409,000 after purchasing an additional 21,455 shares during the last quarter. Vestcor Inc grew its stake in shares of BlueLinx by 1,797.6% during the third quarter. Vestcor Inc now owns 12,714 shares of the construction company’s stock valued at $1,340,000 after purchasing an additional 12,044 shares during the last quarter. Barclays PLC increased its holdings in shares of BlueLinx by 32.0% in the third quarter. Barclays PLC now owns 45,229 shares of the construction company’s stock valued at $4,767,000 after purchasing an additional 10,966 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position 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 worth $40,000 after purchasing an additional 140 shares during the last quarter. 90.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

BlueLinx Trading Down 1.1 %

BXC opened at $117.52 on Tuesday. The firm has a 50 day simple moving average of $117.38 and a 200 day simple moving average of $106.76. BlueLinx Holdings Inc. has a fifty-two week low of $87.67 and a fifty-two week high of $134.79. The company has a market cap of $984.94 million, a price-to-earnings ratio of 34.16 and a beta of 2.05. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.58 and a quick ratio of 3.26.

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.