Allspring Global Investments Holdings LLC trimmed its stake in BlueLinx Holdings Inc. (NYSE:BXC – Get Rating) by 43.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,324 shares of the construction company's stock after selling 1,031 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in BlueLinx were worth $82,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC grew its holdings in BlueLinx by 45.9% in the second quarter. Steward Partners Investment Advisory LLC now owns 639 shares of the construction company's stock valued at $43,000 after purchasing an additional 201 shares during the period. Covestor Ltd acquired a new position in BlueLinx during the first quarter valued at approximately $50,000. Amalgamated Bank acquired a new position in BlueLinx during the first quarter valued at approximately $108,000. JBF Capital Inc. acquired a new position in BlueLinx during the second quarter valued at approximately $134,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in BlueLinx during the second quarter valued at approximately $167,000. 84.90% of the stock is currently owned by hedge funds and other institutional investors.

BlueLinx Trading Up 0.5 %

NYSE BXC opened at $84.27 on Monday. The company's fifty day simple moving average is $72.69 and its 200-day simple moving average is $71.28. BlueLinx Holdings Inc. has a 52 week low of $57.49 and a 52 week high of $100.01. The company has a current ratio of 4.24, a quick ratio of 2.28 and a debt-to-equity ratio of 1.00. The stock has a market cap of $761.80 million, a P/E ratio of 2.45 and a beta of 1.79.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of BlueLinx from a "hold" rating to a "buy" rating in a research report on Wednesday, November 30th.

BlueLinx Company Profile

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BlueLinx Holdings Inc, together with its subsidiaries, distributes residential and commercial building products in the United States. The company distributes specialty products comprising engineered wood, industrial products, cedar, moulding, siding, metal, and insulation products; and structural products include lumber, plywood, oriented strand boards, rebars and remesh, spruce, and other wood products primarily that are used for structural support in construction projects.

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