BlueLinx Holdings Inc. (BXC) Downgraded by ValuEngine

ValuEngine cut shares of BlueLinx Holdings Inc. (NYSE:BXC) from a buy rating to a hold rating in a report issued on Monday.

Shares of BlueLinx Holdings (NYSE:BXC) opened at 10.10 on Monday. The stock has a market capitalization of $91.61 million, a PE ratio of 4.06 and a beta of 2.29. BlueLinx Holdings has a 12 month low of $6.36 and a 12 month high of $11.25. The company has a 50-day moving average of $10.67 and a 200-day moving average of $9.10.

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A number of large investors have recently added to or reduced their stakes in the stock. Algert Global LLC bought a new position in shares of BlueLinx Holdings during the second quarter valued at $364,000. Weber Alan W raised its position in shares of 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 in the last quarter. Finally, Spark Investment Management LLC raised its position in shares of 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 in the last quarter. 75.28% of the stock is owned by institutional investors and hedge funds.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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