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.
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.
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.
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