BlueLinx Holdings Inc. (NYSE:BXC) was upgraded by stock analysts at TheStreet from a “d” rating to a “c” rating in a research report issued to clients and investors on Wednesday.

Separately, ValuEngine downgraded BlueLinx Holdings from a “buy” rating to a “hold” rating in a report on Monday, August 7th.

BlueLinx Holdings (BXC) opened at 9.83 on Wednesday. The firm’s 50-day moving average price is $10.19 and its 200 day moving average price is $10.10. The company has a market capitalization of $89.43 million, a price-to-earnings ratio of 3.09 and a beta of 2.30. BlueLinx Holdings has a 12-month low of $6.36 and a 12-month high of $11.78.

BlueLinx Holdings (NYSE:BXC) last issued its quarterly earnings results on Thursday, August 10th. The construction company reported $0.35 earnings per share for the quarter. The business had revenue of $474.00 million for the quarter. On average, analysts expect that BlueLinx Holdings will post ($0.21) earnings per share for the current year.

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Institutional investors have recently modified their holdings of the business. Feinberg Stephen acquired a new stake in BlueLinx Holdings during the 2nd quarter worth about $51,569,000. Weber Alan W boosted its position in shares of BlueLinx Holdings by 45.4% during the 2nd quarter. Weber Alan W now owns 84,779 shares of the construction company’s stock worth $927,000 after purchasing an additional 26,480 shares in the last quarter. Algert Global LLC bought a new position in shares of BlueLinx Holdings during the 2nd quarter worth about $364,000. Spark Investment Management LLC boosted its position in shares of BlueLinx Holdings by 38.7% during the 2nd quarter. Spark Investment Management LLC now owns 16,500 shares of the construction company’s stock worth $180,000 after purchasing an additional 4,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of BlueLinx Holdings by 10.5% during the 2nd 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. Hedge funds and other institutional investors own 74.47% of the company’s stock.

About BlueLinx Holdings

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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