BlueLinx (BXC) Raised to “Buy” at ValuEngine

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

Separately, TheStreet upgraded BlueLinx from a d rating to a c rating in a research note on Wednesday, October 11th.

Shares of BlueLinx (NYSE BXC) opened at $15.42 on Monday. BlueLinx has a 52 week low of $6.36 and a 52 week high of $17.05. The company has a quick ratio of 1.02, a current ratio of 2.06 and a debt-to-equity ratio of -13.52. The firm has a market capitalization of $149.67, a price-to-earnings ratio of 13.71 and a beta of 2.83.

In other news, CAO Shyam K. Reddy bought 3,500 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average price of $8.57 per share, for a total transaction of $29,995.00. Following the completion of the transaction, the chief accounting officer now owns 10,164 shares of the company’s stock, valued at $87,105.48. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Susan C. O’farrell bought 3,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were purchased at an average price of $8.68 per share, for a total transaction of $26,040.00. Following the transaction, the chief financial officer now directly owns 22,952 shares of the company’s stock, valued at approximately $199,223.36. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 8,900 shares of company stock worth $78,220. 2.29% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC increased its position in shares of BlueLinx by 772.0% during the fourth quarter. Acadian Asset Management LLC now owns 22,743 shares of the construction company’s stock worth $222,000 after purchasing an additional 20,135 shares in the last quarter. JBF Capital Inc. acquired a new stake in shares of BlueLinx during the fourth quarter worth about $310,000. Monarch Partners Asset Management LLC acquired a new stake in shares of BlueLinx during the fourth quarter worth about $357,000. Algert Global LLC increased its position in shares of BlueLinx by 19.6% during the third quarter. Algert Global LLC now owns 39,830 shares of the construction company’s stock worth $411,000 after purchasing an additional 6,540 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of BlueLinx 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 in the last quarter. Institutional investors and hedge funds own 79.32% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “BlueLinx (BXC) Raised to “Buy” at ValuEngine” was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The legal version of this news story can be viewed at https://sportsperspectives.com/2018/02/09/bluelinx-bxc-raised-to-buy-at-valuengine.html.

BlueLinx 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.

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

Latest News

Leave a Reply