Insider Buying: BlueLinx Holdings Inc. (NYSE:BXC) COO Acquires 1,500 Shares of Stock

BlueLinx Holdings Inc. (NYSE:BXC) COO Alexander S. Averitt bought 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were acquired at an average cost of $14.20 per share, for a total transaction of $21,300.00. Following the completion of the purchase, the chief operating officer now owns 4,442 shares in the company, valued at $63,076.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NYSE:BXC traded down $0.46 during trading hours on Friday, reaching $13.43. 25,576 shares of the company’s stock were exchanged, compared to its average volume of 257,250. The firm has a market capitalization of $130.01 million, a price-to-earnings ratio of -3.71 and a beta of 1.77. The company has a 50-day moving average of $29.54 and a 200 day moving average of $25.04. BlueLinx Holdings Inc. has a 1-year low of $13.48 and a 1-year high of $35.40.

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Several research firms have commented on BXC. TheStreet upgraded shares of BlueLinx from a “d+” rating to a “c-” rating in a report on Wednesday, October 16th. ValuEngine upgraded shares of BlueLinx from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. B. Riley lowered their target price on shares of BlueLinx from $28.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, Zacks Investment Research cut shares of BlueLinx from a “hold” rating to a “strong sell” rating in a report on Monday.

Large investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC acquired a new stake in BlueLinx during the 2nd quarter worth $25,000. Tower Research Capital LLC TRC boosted its stake in BlueLinx by 771.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,891 shares of the construction company’s stock worth $37,000 after purchasing an additional 1,674 shares during the period. SG Americas Securities LLC acquired a new stake in BlueLinx during the 3rd quarter worth $151,000. WINTON GROUP Ltd boosted its stake in BlueLinx by 28.7% during the 2nd quarter. WINTON GROUP Ltd now owns 12,974 shares of the construction company’s stock worth $257,000 after purchasing an additional 2,894 shares during the period. Finally, Engine Capital Management LP raised its position in BlueLinx by 155.1% during the 2nd quarter. Engine Capital Management LP now owns 14,795 shares of the construction company’s stock worth $291,000 after buying an additional 8,995 shares during the last quarter. Hedge funds and other institutional investors own 90.96% of the company’s stock.

BlueLinx Company Profile

BlueLinx Holdings Inc, together with its subsidiaries, distributes building and industrial products in the United States. It distributes structural products, including plywood, oriented strand board, rebar and remesh, lumber, spruce, and other wood products primarily used for structural support, walls, and flooring in construction projects; and specialty products comprising engineered wood, moulding, siding, cedar, metal, and insulation products.

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