BlueLinx Holdings Inc. (NYSE:BXC) Downgraded by ValuEngine
ValuEngine lowered shares of BlueLinx Holdings Inc. (NYSE:BXC) from a buy rating to a hold rating in a research note published on Monday morning.
BlueLinx Holdings (BXC) opened at 10.10 on Monday. BlueLinx Holdings has a 52-week low of $6.36 and a 52-week high of $11.25. The firm has a market capitalization of $91.61 million, a P/E ratio of 4.06 and a beta of 2.29. The company has a 50 day moving average price of $10.67 and a 200 day moving average price of $9.10.
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Several institutional investors have recently modified their holdings of BXC. Weber Alan W increased 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 worth $927,000 after buying an additional 26,480 shares during the last quarter. Algert Global LLC purchased a new position in shares of BlueLinx Holdings during the second quarter worth approximately $364,000. Finally, Spark Investment Management LLC increased 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 worth $180,000 after buying an additional 4,600 shares during the last quarter. Hedge funds and other institutional investors own 75.28% of the company’s stock.
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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