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.

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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.

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