TheStreet Upgrades BlueLinx Holdings Inc. (BXC) to C

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

Separately, ValuEngine downgraded BlueLinx Holdings from a “buy” rating to a “hold” rating in a report on Monday, October 2nd.

Shares of BlueLinx Holdings (BXC) traded down 2.24% during trading on Wednesday, reaching $9.61. 88,889 shares of the company’s stock traded hands. The company has a 50 day moving average price of $10.19 and a 200 day moving average price of $10.10. The stock has a market capitalization of $87.43 million, a PE ratio of 3.02 and a beta of 2.30. BlueLinx Holdings has a 1-year low of $6.36 and a 1-year 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 firm had revenue of $474.00 million during the quarter. On average, equities analysts forecast that BlueLinx Holdings will post ($0.21) EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently modified their holdings of the stock. Feinberg Stephen acquired a new position in BlueLinx Holdings during the 2nd quarter worth $51,569,000. Dimensional Fund Advisors LP boosted its position in 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 acquiring an additional 11,898 shares during the period. Weber Alan W boosted its position in 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 acquiring an additional 26,480 shares during the period. Algert Global LLC acquired a new position in BlueLinx Holdings during the 2nd quarter worth $364,000. Finally, Spark Investment Management LLC boosted its position in 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 acquiring 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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