Massachusetts Financial Services Co. MA Sells 675 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

Massachusetts Financial Services Co. MA decreased its position in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 2.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,818 shares of the construction company’s stock after selling 675 shares during the period. Massachusetts Financial Services Co. MA owned 0.33% of BlueLinx worth $2,933,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. nVerses Capital LLC raised its position in shares of BlueLinx by 200.0% during the second quarter. nVerses Capital LLC now owns 300 shares of the construction company’s stock valued at $28,000 after buying an additional 200 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of BlueLinx during the second quarter valued at approximately $39,000. Meeder Asset Management Inc. bought a new stake in shares of BlueLinx during the second quarter valued at approximately $70,000. Quest Partners LLC raised its position in shares of BlueLinx by 43.2% during the third quarter. Quest Partners LLC now owns 1,133 shares of the construction company’s stock valued at $119,000 after buying an additional 342 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of BlueLinx by 24.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,097 shares of the construction company’s stock valued at $195,000 after buying an additional 418 shares during the last quarter. Institutional investors own 90.83% of the company’s stock.

BlueLinx Stock Down 4.4 %

NYSE BXC opened at $125.90 on Wednesday. The company has a quick ratio of 3.26, a current ratio of 4.58 and a debt-to-equity ratio of 0.88. The company has a fifty day moving average of $112.07 and a two-hundred day moving average of $104.60. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 36.60 and a beta of 1.94. BlueLinx Holdings Inc. has a 52 week low of $85.98 and a 52 week high of $134.79.

Wall Street Analyst Weigh In

BXC has been the topic of several recent analyst reports. DA Davidson lifted their price objective on shares of BlueLinx from $121.00 to $137.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. StockNews.com upgraded shares of BlueLinx from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Finally, Craig Hallum boosted their price target on shares of BlueLinx from $125.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, BlueLinx presently has an average rating of “Buy” and an average price target of $135.67.

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.