BlueLinx Holdings Inc. (BXC) Lifted to C at TheStreet

TheStreet upgraded shares of BlueLinx Holdings Inc. (NYSE:BXC) from a d rating to a c rating in a research report released on Wednesday.

Separately, ValuEngine cut shares of BlueLinx Holdings from a buy rating to a hold rating in a research report on Monday, October 2nd.

BlueLinx Holdings (NYSE:BXC) opened at 9.61 on Wednesday. The stock’s 50 day moving average is $10.18 and its 200-day moving average is $10.11. The company has a market capitalization of $87.43 million, a P/E ratio of 3.02 and a beta of 2.30. BlueLinx Holdings has a 12-month low of $6.36 and a 12-month high of $11.78.

BlueLinx Holdings (NYSE:BXC) last announced its earnings results on Thursday, August 10th. The construction company reported $0.35 earnings per share (EPS) for the quarter. The business had revenue of $474.00 million during the quarter. On average, equities analysts predict that BlueLinx Holdings will post ($0.21) earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “BlueLinx Holdings Inc. (BXC) Lifted to C at TheStreet” was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this report on another site, it was stolen and reposted in violation of US & international copyright law. The legal version of this report can be accessed at https://sportsperspectives.com/2017/10/14/bluelinx-holdings-inc-bxc-lifted-to-c-at-thestreet.html.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Feinberg Stephen bought a new stake in BlueLinx Holdings during the second quarter worth about $51,569,000. Dimensional Fund Advisors LP lifted its position in BlueLinx Holdings by 10.5% during the second quarter. Dimensional Fund Advisors LP now owns 124,984 shares of the construction company’s stock worth $1,364,000 after purchasing an additional 11,898 shares during the period. Weber Alan W lifted its position in BlueLinx Holdings by 45.4% during the second quarter. Weber Alan W now owns 84,779 shares of the construction company’s stock worth $927,000 after purchasing an additional 26,480 shares during the period. Algert Global LLC bought a new stake in BlueLinx Holdings during the second quarter worth about $364,000. Finally, Spark Investment Management LLC lifted its position in BlueLinx Holdings by 38.7% during the second quarter. Spark Investment Management LLC now owns 16,500 shares of the construction company’s stock worth $180,000 after purchasing an additional 4,600 shares during the period. 74.47% of the stock is owned by institutional investors and hedge funds.

About BlueLinx Holdings

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.

Receive News & Ratings for BlueLinx Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlueLinx Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply