Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 71.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,375 shares of the construction company’s stock after buying an additional 18,850 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.49% of BlueLinx worth $1,429,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY acquired a new position in BlueLinx during the 2nd quarter worth $118,000. MetLife Investment Advisors LLC acquired a new position in BlueLinx during the 2nd quarter worth $168,000. Strs Ohio acquired a new position in BlueLinx during the 2nd quarter worth $180,000. USA Financial Portformulas Corp acquired a new position in BlueLinx during the 3rd quarter worth $230,000. Finally, SG Americas Securities LLC acquired a new position in BlueLinx during the 3rd quarter worth $239,000. 64.97% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:BXC opened at $24.21 on Friday. BlueLinx Holdings Inc. has a 52-week low of $9.24 and a 52-week high of $46.42. The company has a debt-to-equity ratio of 326.37, a quick ratio of 1.44 and a current ratio of 3.15. The firm has a market cap of $234.76 million, a price-to-earnings ratio of 6.48 and a beta of 2.21.
BlueLinx (NYSE:BXC) last posted its quarterly earnings data on Thursday, November 8th. The construction company reported ($1.07) earnings per share (EPS) for the quarter. The firm had revenue of $859.78 million for the quarter. BlueLinx had a return on equity of 202.65% and a net margin of 0.82%.
In related news, CFO Susan C. O’farrell purchased 2,500 shares of the business’s stock in a transaction dated Monday, November 12th. The shares were bought at an average price of $23.97 per share, with a total value of $59,925.00. Following the purchase, the chief financial officer now directly owns 54,434 shares in the company, valued at approximately $1,304,782.98. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Alexander S. Averitt purchased 2,100 shares of the business’s stock in a transaction dated Friday, November 9th. The stock was bought at an average cost of $24.64 per share, for a total transaction of $51,744.00. Following the purchase, the chief operating officer now owns 2,100 shares in the company, valued at $51,744. The disclosure for this purchase can be found here. In the last three months, insiders bought 8,503 shares of company stock worth $206,264. 2.29% of the stock is currently owned by company insiders.
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BlueLinx Holdings Inc, together with its subsidiaries, distributes building and industrial products in the United States. It distributes products in two principal categories, structural products and specialty products. The company's structural products include plywood, rebar and remesh, and lumber products, as well as oriented strand boards and other wood products primarily used for structural support, walls, and floorings in construction projects.
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