TheStreet downgraded shares of BlueLinx (NYSE:BXC) from a c rating to a d+ rating in a research note issued to investors on Monday morning, TheStreetRatingsTable reports.

Separately, ValuEngine downgraded BlueLinx from a hold rating to a sell rating in a research note on Thursday, March 14th.

Shares of NYSE BXC opened at $23.91 on Monday. BlueLinx has a one year low of $19.08 and a one year high of $46.42. The company has a debt-to-equity ratio of 326.37, a quick ratio of 1.31 and a current ratio of 3.05.

BlueLinx (NYSE:BXC) last released its quarterly earnings results on Wednesday, March 13th. The construction company reported ($1.74) earnings per share (EPS) for the quarter. The firm had revenue of $672.64 million for the quarter. BlueLinx had a negative return on equity of 606.50% and a negative net margin of 1.68%.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of BlueLinx by 1.3% during the 4th quarter. BlackRock Inc. now owns 589,150 shares of the construction company’s stock worth $14,559,000 after buying an additional 7,425 shares during the last quarter. Weber Alan W raised its stake in shares of BlueLinx by 15.2% during the 4th quarter. Weber Alan W now owns 455,353 shares of the construction company’s stock worth $11,252,000 after buying an additional 60,000 shares during the last quarter. Gendell Jeffrey L raised its stake in shares of BlueLinx by 61.3% during the 4th quarter. Gendell Jeffrey L now owns 437,152 shares of the construction company’s stock worth $10,802,000 after buying an additional 166,054 shares during the last quarter. Equitec Specialists LLC raised its stake in BlueLinx by 62.2% in the 4th quarter. Equitec Specialists LLC now owns 129,343 shares of the construction company’s stock valued at $3,196,000 after purchasing an additional 49,604 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in BlueLinx by 12.1% in the 4th quarter. Geode Capital Management LLC now owns 92,937 shares of the construction company’s stock valued at $2,296,000 after purchasing an additional 10,050 shares during the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

BlueLinx Company Profile

BlueLinx Holdings Inc, together with its subsidiaries, distributes building and industrial products in the United States. It distributes structural products, including plywood, oriented strand board, rebar and remesh, lumber, and other wood products primarily used for structural support, walls, and flooring in construction projects; and specialty products comprising exterior roofing, insulation, engineered wood, vinyl, metal, moulding, spruce, and cedar products.

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