ValuEngine lowered shares of BlueLinx Holdings Inc. (NYSE:BXC) from a buy rating to a hold rating in a research note issued to investors on Monday, August 7th.
Shares of BlueLinx Holdings (BXC) traded up 0.30% during midday trading on Monday, reaching $9.93. 4,424 shares of the company’s stock were exchanged. The stock has a market cap of $90.34 million, a price-to-earnings ratio of 3.13 and a beta of 2.29. BlueLinx Holdings has a one year low of $6.36 and a one year high of $11.78. The firm has a 50 day moving average of $10.55 and a 200-day moving average of $9.27.
BlueLinx Holdings (NYSE:BXC) last announced its quarterly earnings data on Thursday, August 10th. The construction company reported $0.35 EPS for the quarter. The firm had revenue of $474 million for the quarter. BlueLinx Holdings had a net margin of 1.62% and a negative return on equity of 22.97%. On average, equities research analysts anticipate that BlueLinx Holdings will post ($0.21) earnings per share for the current year.
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Institutional investors have recently bought and sold shares of the stock. Feinberg Stephen bought a new position in BlueLinx Holdings during the second quarter valued at $51,569,000. Dimensional Fund Advisors LP boosted its position in BlueLinx Holdings by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 124,984 shares of the construction company’s stock valued at $1,364,000 after buying an additional 11,898 shares during the last quarter. Weber Alan W boosted its position in BlueLinx Holdings by 45.4% in the second quarter. Weber Alan W now owns 84,779 shares of the construction company’s stock valued at $927,000 after buying an additional 26,480 shares during the last quarter. Algert Global LLC bought a new position in BlueLinx Holdings during the second quarter valued at $364,000. Finally, Spark Investment Management LLC boosted its position in BlueLinx Holdings by 38.7% in the second quarter. Spark Investment Management LLC now owns 16,500 shares of the construction company’s stock valued at $180,000 after buying an additional 4,600 shares during the last quarter. 75.28% of the stock is owned by institutional investors.
BlueLinx Holdings Company Profile
BlueLinx Holdings, Inc is a distributor of building products in North America. The Company operates its distribution business through a network of approximately 40 distribution centers. It serves metropolitan areas in the United States and delivers building products to a range of wholesale and retail customers.
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