Meros Investment Management LP Has $6.41 Million Stock Position in BlueLinx Holdings Inc. (NYSE:BXC)

Meros Investment Management LP increased its holdings in BlueLinx Holdings Inc. (NYSE:BXC) by 54.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,799 shares of the construction company’s stock after acquiring an additional 21,455 shares during the period. BlueLinx comprises 2.9% of Meros Investment Management LP’s investment portfolio, making the stock its 11th biggest holding. Meros Investment Management LP owned 0.73% of BlueLinx worth $6,409,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BXC. The Manufacturers Life Insurance Company increased its holdings in BlueLinx by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,380 shares of the construction company’s stock worth $408,000 after purchasing an additional 129 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in BlueLinx by 59.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 377 shares of the construction company’s stock valued at $40,000 after buying an additional 140 shares during the last quarter. FMR LLC lifted its stake in BlueLinx by 10.5% during the 3rd quarter. FMR LLC now owns 1,545 shares of the construction company’s stock valued at $163,000 after acquiring an additional 147 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in BlueLinx by 2.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 7,853 shares of the construction company’s stock worth $731,000 after acquiring an additional 151 shares during the last quarter. Finally, nVerses Capital LLC grew its stake in shares of BlueLinx by 200.0% in the 2nd quarter. nVerses Capital LLC now owns 300 shares of the construction company’s stock worth $28,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 90.83% of the company’s stock.

BlueLinx Stock Down 3.3 %

BXC stock opened at $124.03 on Wednesday. The stock has a market cap of $1.04 billion, a P/E ratio of 36.06 and a beta of 2.05. The company has a current ratio of 4.58, a quick ratio of 3.26 and a debt-to-equity ratio of 0.88. The stock’s fifty day simple moving average is $115.76 and its two-hundred day simple moving average is $106.10. BlueLinx Holdings Inc. has a 1-year low of $87.67 and a 1-year high of $134.79.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of BlueLinx from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, BlueLinx has an average rating of “Buy” and an average price target of $135.67.

About BlueLinx

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.