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.
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.
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