ValuEngine lowered shares of BlueLinx Holdings Inc. (NYSE:BXC) from a buy rating to a hold rating in a research note released on Monday.

Shares of BlueLinx Holdings (NYSE:BXC) opened at 10.44 on Monday. BlueLinx Holdings has a 12 month low of $6.36 and a 12 month high of $11.78. The company has a market capitalization of $94.98 million, a price-to-earnings ratio of 3.29 and a beta of 2.30. The stock has a 50 day moving average price of $10.17 and a 200-day moving average price of $10.03.

BlueLinx Holdings (NYSE:BXC) last issued its quarterly earnings data on Thursday, August 10th. The construction company reported $0.35 earnings per share (EPS) for the quarter. BlueLinx Holdings had a negative return on equity of 22.97% and a net margin of 1.62%. The business had revenue of $474.00 million for the quarter. Analysts expect that BlueLinx Holdings will post ($0.21) earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Spark Investment Management LLC grew its stake in shares of BlueLinx Holdings by 38.7% during the second quarter. Spark Investment Management LLC now owns 16,500 shares of the construction company’s stock valued at $180,000 after buying an additional 4,600 shares during the last quarter. Algert Global LLC bought a new position in shares of BlueLinx Holdings during the second quarter valued at approximately $364,000. Weber Alan W grew its stake in shares of BlueLinx Holdings by 45.4% during the second quarter. Weber Alan W now owns 84,779 shares of the construction company’s stock valued at $927,000 after buying an additional 26,480 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of BlueLinx Holdings by 10.5% during the second quarter. Dimensional Fund Advisors LP now owns 124,984 shares of the construction company’s stock valued at $1,364,000 after buying an additional 11,898 shares during the last quarter. Finally, Feinberg Stephen bought a new position in shares of BlueLinx Holdings during the second quarter valued at approximately $51,569,000. 74.47% of the stock is currently owned by hedge funds and other institutional investors.

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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