BlueLinx Holdings Inc. (BXC) Lowered to Hold at 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.
BlueLinx Holdings (BXC) traded down 0.10% on Monday, reaching $10.38. 1,822 shares of the company’s stock were exchanged. The company has a market capitalization of $94.44 million, a P/E ratio of 3.27 and a beta of 2.30. The firm has a 50-day moving average price of $10.17 and a 200-day moving average price of $10.03. BlueLinx Holdings has a 1-year low of $6.36 and a 1-year high of $11.78.
BlueLinx Holdings (NYSE:BXC) last announced its quarterly earnings data on Thursday, August 10th. The construction company reported $0.35 EPS for the quarter. BlueLinx Holdings had a net margin of 1.62% and a negative return on equity of 22.97%. The firm had revenue of $474.00 million during the quarter. Equities research analysts expect that BlueLinx Holdings will post ($0.21) earnings per share for the current year.
WARNING: “BlueLinx Holdings Inc. (BXC) Lowered to Hold at ValuEngine” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another website, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/10/06/bluelinx-holdings-inc-bxc-lowered-to-hold-at-valuengine.html.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Feinberg Stephen acquired a new stake in shares of BlueLinx Holdings in the second quarter valued at about $51,569,000. Dimensional Fund Advisors LP lifted its stake in shares of BlueLinx Holdings by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 124,984 shares of the construction company’s stock valued at $1,364,000 after purchasing an additional 11,898 shares during the period. Weber Alan W lifted its stake 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 valued at $927,000 after purchasing an additional 26,480 shares during the period. Algert Global LLC acquired a new stake in shares of BlueLinx Holdings in the second quarter valued at about $364,000. Finally, Spark Investment Management LLC lifted its stake 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 valued at $180,000 after purchasing an additional 4,600 shares during the period. Hedge funds and other institutional investors own 74.47% 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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.