Empowered Funds LLC Trims Stock Holdings in BlueLinx Holdings Inc. (NYSE:BXC)

Empowered Funds LLC cut its holdings in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 29.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 47,254 shares of the construction company’s stock after selling 20,156 shares during the quarter. Empowered Funds LLC’s holdings in BlueLinx were worth $4,827,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of BXC. Public Employees Retirement System of Ohio boosted its stake in BlueLinx by 59.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 377 shares of the construction company’s stock worth $40,000 after purchasing an additional 140 shares during the period. nVerses Capital LLC raised its holdings in shares of BlueLinx by 100.0% in the third quarter. nVerses Capital LLC now owns 600 shares of the construction company’s stock valued at $63,000 after buying an additional 300 shares during the last quarter. Quest Partners LLC boosted its stake 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 worth $119,000 after buying an additional 342 shares during the period. Meeder Asset Management Inc. grew its holdings in shares of BlueLinx by 50.1% during the third quarter. Meeder Asset Management Inc. now owns 1,135 shares of the construction company’s stock worth $120,000 after buying an additional 379 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of BlueLinx by 10.5% during the third quarter. FMR LLC now owns 1,545 shares of the construction company’s stock worth $163,000 after buying an additional 147 shares during the last quarter. 90.83% of the stock is owned by institutional investors and hedge funds.

BlueLinx Stock Down 0.9 %

BXC opened at $103.31 on Wednesday. BlueLinx Holdings Inc. has a 52 week low of $87.67 and a 52 week high of $134.79. The business has a 50 day moving average price of $109.16 and a two-hundred day moving average price of $108.41. 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 market cap of $865.82 million, a PE ratio of 30.03 and a beta of 2.04.

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.