Public Employees Retirement System of Ohio Has $301,000 Position in BlueLinx Holdings Inc. (NYSE:BXC)

Public Employees Retirement System of Ohio increased its position in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 2,202.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,661 shares of the construction company’s stock after purchasing an additional 3,502 shares during the period. Public Employees Retirement System of Ohio’s holdings in BlueLinx were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new stake in BlueLinx during the 3rd quarter worth approximately $11,025,000. State Board of Administration of Florida Retirement System raised its holdings in BlueLinx by 482.5% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 14,482 shares of the construction company’s stock valued at $1,189,000 after acquiring an additional 11,996 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in BlueLinx by 12.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 68,633 shares of the construction company’s stock valued at $5,634,000 after acquiring an additional 7,860 shares in the last quarter. American Century Companies Inc. raised its holdings in BlueLinx by 12.8% in the 3rd quarter. American Century Companies Inc. now owns 167,873 shares of the construction company’s stock valued at $13,781,000 after acquiring an additional 19,108 shares in the last quarter. Finally, WINTON GROUP Ltd raised its holdings in BlueLinx by 32.9% in the 3rd quarter. WINTON GROUP Ltd now owns 5,171 shares of the construction company’s stock valued at $424,000 after acquiring an additional 1,280 shares in the last quarter. 90.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BXC has been the subject of several analyst reports. Benchmark lifted their price objective on BlueLinx from $100.00 to $144.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. TheStreet cut BlueLinx from a “b” rating to a “c” rating in a report on Thursday, February 22nd.

Insider Transactions at BlueLinx

In other news, Director Mitchell B. Lewis sold 5,352 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $116.33, for a total transaction of $622,598.16. Following the completion of the transaction, the director now owns 33,476 shares of the company’s stock, valued at approximately $3,894,263.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Mitchell B. Lewis sold 314 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $119.09, for a total transaction of $37,394.26. Following the sale, the director now owns 38,828 shares in the company, valued at approximately $4,624,026.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mitchell B. Lewis sold 5,352 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $116.33, for a total value of $622,598.16. Following the sale, the director now owns 33,476 shares in the company, valued at approximately $3,894,263.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,570 shares of company stock valued at $1,000,196. Corporate insiders own 4.50% of the company’s stock.

BlueLinx Price Performance

BlueLinx stock opened at $128.40 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.55 and a current ratio of 5.13. BlueLinx Holdings Inc. has a 52 week low of $61.80 and a 52 week high of $132.67. The stock has a market capitalization of $1.11 billion, a P/E ratio of 24.36 and a beta of 1.90. The stock has a fifty day moving average of $118.60 and a 200-day moving average of $99.77.

BlueLinx (NYSE:BXC) last posted its quarterly earnings results on Tuesday, February 20th. The construction company reported $2.64 EPS for the quarter. BlueLinx had a return on equity of 14.81% and a net margin of 1.55%. The company had revenue of $712.53 million during the quarter.

BlueLinx Company 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.