BlueLinx Holdings Inc. (NYSE:BXC) Shares Purchased by AlphaQuest LLC

AlphaQuest LLC boosted its position in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 28.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,455 shares of the construction company’s stock after acquiring an additional 322 shares during the quarter. AlphaQuest LLC’s holdings in BlueLinx were worth $149,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BXC. Victory Capital Management Inc. lifted its position in BlueLinx by 600.3% during the 3rd quarter. Victory Capital Management Inc. now owns 218,685 shares of the construction company’s stock worth $23,054,000 after acquiring an additional 187,456 shares during the period. Charles Schwab Investment Management Inc. lifted its position in BlueLinx by 28.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 167,178 shares of the construction company’s stock worth $17,624,000 after acquiring an additional 36,968 shares during the period. Raymond James Financial Inc. acquired a new stake in BlueLinx during the 4th quarter worth about $3,451,000. Meros Investment Management LP lifted its position in BlueLinx by 54.5% during the 3rd quarter. Meros Investment Management LP now owns 60,799 shares of the construction company’s stock worth $6,409,000 after acquiring an additional 21,455 shares during the period. Finally, Mill Road Capital Management LLC lifted its position in BlueLinx by 10.1% during the 3rd quarter. Mill Road Capital Management LLC now owns 142,297 shares of the construction company’s stock worth $15,001,000 after acquiring an additional 13,023 shares during the period. Institutional investors and hedge funds own 90.83% of the company’s stock.

BlueLinx Stock Performance

Shares of BXC stock opened at $81.13 on Tuesday. The stock has a market cap of $672.93 million, a PE ratio of 13.21 and a beta of 2.18. The business has a 50-day simple moving average of $95.55 and a 200-day simple moving average of $105.45. The company has a quick ratio of 3.26, a current ratio of 4.85 and a debt-to-equity ratio of 0.89. BlueLinx Holdings Inc. has a 52-week low of $73.01 and a 52-week high of $134.79.

BlueLinx (NYSE:BXC) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). BlueLinx had a net margin of 1.80% and a return on equity of 7.50%. The business had revenue of $710.64 million during the quarter, compared to analysts’ expectations of $700.66 million.

Analyst Ratings Changes

A number of analysts have commented on the company. StockNews.com cut BlueLinx from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Benchmark decreased their price objective on BlueLinx from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 21st. Loop Capital decreased their price objective on BlueLinx from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, DA Davidson decreased their price objective on BlueLinx from $137.00 to $119.00 and set a “buy” rating for the company in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $123.50.

BlueLinx Company Profile

BlueLinx Holdings Inc, together with its subsidiaries, engages in the distribution of residential and commercial building products in the United States. It distributes specialty products, including engineered wood, siding, millwork, outdoor living, specialty lumber and panels, and industrial products; and structural products, such as lumber, plywood, oriented strand boards, rebars and remesh, as well as other wood products that are used for structural support in construction projects.