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Chicago Partners Investment Group LLC Invests $215,000 in BlueLinx Holdings Inc. (NYSE:BXC)

Defense World ·  09/16 16:43

Chicago Partners Investment Group LLC acquired a new stake in BlueLinx Holdings Inc. (NYSE:BXC – Get Rating) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,554 shares of the construction company's stock, valued at approximately $215,000.

A number of other hedge funds also recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in BlueLinx in the 1st quarter valued at $503,000. Quantbot Technologies LP acquired a new stake in BlueLinx in the 1st quarter valued at about $464,000. Goldman Sachs Group Inc. raised its position in shares of BlueLinx by 29.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,910 shares of the construction company's stock worth $1,503,000 after acquiring an additional 4,738 shares in the last quarter. State Street Corp increased its position in BlueLinx by 8.4% during the first quarter. State Street Corp now owns 170,117 shares of the construction company's stock worth $12,228,000 after buying an additional 13,165 shares during the period. Finally, Engineers Gate Manager LP grew its stake in shares of BlueLinx by 180.7% in the 1st quarter. Engineers Gate Manager LP now owns 8,580 shares of the construction company's stock valued at $617,000 after purchasing an additional 5,523 shares during the last quarter. Hedge funds and other institutional investors own 80.97% of the company's stock.

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BlueLinx Stock Performance

BXC stock opened at $63.82 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 3.73 and a quick ratio of 1.84. The company has a 50 day moving average price of $74.42 and a 200 day moving average price of $76.54. BlueLinx Holdings Inc. has a fifty-two week low of $45.86 and a fifty-two week high of $100.01. The stock has a market capitalization of $616.37 million, a PE ratio of 1.95 and a beta of 1.87.

BlueLinx (NYSE:BXC – Get Rating) last issued its earnings results on Tuesday, August 2nd. The construction company reported $7.48 EPS for the quarter, missing the consensus estimate of $7.64 by ($0.16). BlueLinx had a net margin of 7.26% and a return on equity of 79.52%. During the same quarter in the prior year, the firm posted $11.61 EPS. Analysts forecast that BlueLinx Holdings Inc. will post 29.26 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on BXC shares. upgraded BlueLinx from a "hold" rating to a "buy" rating in a research report on Friday, August 5th. Craig Hallum decreased their target price on BlueLinx from $138.00 to $127.00 in a research report on Thursday, August 4th. Benchmark reduced their price target on BlueLinx to $115.00 in a report on Tuesday, August 9th. Finally, Seaport Res Ptn reissued a "buy" rating on shares of BlueLinx in a report on Monday, July 25th. Six analysts have rated the stock with a buy rating, According to, the stock currently has an average rating of "Buy" and a consensus price target of $104.75.

About BlueLinx

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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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