BlueLinx Holdings Inc. (NYSE:BXC) Shares Sold by Algert Global LLC

Algert Global LLC lessened its stake in shares of BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 14.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,812 shares of the construction company's stock after selling 6,282 shares during the quarter. Algert Global LLC owned about 0.43% of BlueLinx worth $3,659,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Hunter Perkins Capital Management LLC increased its holdings in BlueLinx by 4.0% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 5,225 shares of the construction company's stock valued at $534,000 after buying an additional 200 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of BlueLinx by 4.3% in the fourth quarter. Sterling Capital Management LLC now owns 5,556 shares of the construction company's stock worth $568,000 after buying an additional 230 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of BlueLinx by 2.8% during the 4th quarter. Invesco Ltd. now owns 10,947 shares of the construction company's stock valued at $1,118,000 after purchasing an additional 295 shares during the last quarter. AlphaQuest LLC increased its stake in BlueLinx by 28.4% in the 4th quarter. AlphaQuest LLC now owns 1,455 shares of the construction company's stock worth $149,000 after acquiring an additional 322 shares during the last quarter. Finally, XTX Topco Ltd lifted its position in BlueLinx by 14.2% during the fourth quarter. XTX Topco Ltd now owns 2,747 shares of the construction company's stock valued at $281,000 after purchasing an additional 341 shares during the last quarter. Institutional investors own 90.83% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BXC shares. Loop Capital dropped their target price on BlueLinx from $120.00 to $115.00 and set a "buy" rating for the company in a report on Monday, April 14th. StockNews.com lowered BlueLinx from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Benchmark decreased their price objective on BlueLinx from $120.00 to $110.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, DA Davidson cut their price target on shares of BlueLinx from $119.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. 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 a consensus rating of "Moderate Buy" and an average target price of $110.00.

BlueLinx Stock Performance

BXC traded up $3.49 on Monday, reaching $71.61. The stock had a trading volume of 12,876 shares, compared to its average volume of 80,581. BlueLinx Holdings Inc. has a 12-month low of $63.55 and a 12-month high of $134.79. The company has a current ratio of 4.85, a quick ratio of 3.26 and a debt-to-equity ratio of 0.89. The company has a market cap of $574.43 million, a P/E ratio of 11.69 and a beta of 1.99. The business's 50-day moving average price is $73.93 and its two-hundred day moving average price is $96.65.

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

About BlueLinx

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.