Mackenzie Financial Corp Takes Position in BlueLinx Holdings Inc. (NYSE:BXC)

Mackenzie Financial Corp purchased a new stake in BlueLinx Holdings Inc. (NYSE:BXC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,301 shares of the construction company’s stock, valued at approximately $261,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BXC. Wellington Management Group LLP acquired a new stake in shares of BlueLinx in the third quarter valued at approximately $11,025,000. AQR Capital Management LLC increased its stake in BlueLinx by 17.3% in the third quarter. AQR Capital Management LLC now owns 143,920 shares of the construction company’s stock valued at $11,814,000 after acquiring an additional 21,262 shares during the last quarter. American Century Companies Inc. increased its stake in BlueLinx by 12.8% in the third 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 during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in BlueLinx by 86.7% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 28,000 shares of the construction company’s stock valued at $2,299,000 after acquiring an additional 13,000 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in BlueLinx by 482.5% in the third 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 during the last quarter. 90.83% of the stock is currently owned by institutional investors and hedge funds.

BlueLinx Stock Performance

Shares of BlueLinx stock opened at $112.95 on Monday. The company has a quick ratio of 3.55, a current ratio of 5.13 and a debt-to-equity ratio of 0.90. BlueLinx Holdings Inc. has a twelve month low of $66.58 and a twelve month high of $132.67. The stock has a market cap of $977.02 million, a price-to-earnings ratio of 21.43 and a beta of 1.90. The company’s fifty day moving average is $120.87 and its 200 day moving average is $106.01.

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

Insider Activity at BlueLinx

In related news, Director Mitchell B. Lewis sold 314 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $119.09, for a total value of $37,394.26. Following the transaction, the director now owns 38,828 shares in the company, valued at $4,624,026.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Mitchell B. Lewis sold 314 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $119.09, for a total transaction of $37,394.26. Following the transaction, the director now owns 38,828 shares in the company, valued at $4,624,026.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mitchell B. Lewis sold 2,904 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $117.15, for a total transaction of $340,203.60. Following the transaction, the director now owns 2,790 shares in the company, valued at approximately $326,848.50. The disclosure for this sale can be found here. Insiders have sold a total of 8,570 shares of company stock worth $1,000,196 over the last quarter. Company insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

BXC has been the topic of a number of recent analyst reports. TheStreet cut shares of BlueLinx from a “b” rating to a “c” rating in a research note on Thursday, February 22nd. Benchmark boosted their target price on shares of BlueLinx from $100.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd.

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.