Mill Road Capital Management LLC Sells 24,433 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

Mill Road Capital Management LLC reduced its position in shares of BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 17.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,864 shares of the construction company's stock after selling 24,433 shares during the period. BlueLinx comprises approximately 5.7% of Mill Road Capital Management LLC's holdings, making the stock its 8th largest holding. Mill Road Capital Management LLC owned about 1.41% of BlueLinx worth $12,041,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BXC. River Road Asset Management LLC acquired a new position in BlueLinx in the 4th quarter valued at approximately $7,541,000. Raymond James Financial Inc. acquired a new position in BlueLinx in the 4th quarter valued at approximately $3,451,000. Charles Schwab Investment Management Inc. increased its stake in BlueLinx by 19.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,871 shares of the construction company's stock valued at $20,419,000 after buying an additional 32,693 shares during the period. Portolan Capital Management LLC increased its stake in BlueLinx by 764.6% in the 4th quarter. Portolan Capital Management LLC now owns 35,061 shares of the construction company's stock valued at $3,582,000 after buying an additional 31,006 shares during the period. Finally, American Century Companies Inc. grew its position in BlueLinx by 8.4% in the fourth quarter. American Century Companies Inc. now owns 311,567 shares of the construction company's stock worth $31,830,000 after acquiring an additional 24,087 shares in the last quarter. 90.83% of the stock is owned by institutional investors and hedge funds.

BlueLinx Price Performance

NYSE BXC traded down $0.99 during trading on Tuesday, reaching $71.46. 21,339 shares of the company traded hands, compared to its average volume of 80,146. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.26 and a current ratio of 4.85. The stock's 50 day moving average price is $76.61 and its two-hundred day moving average price is $99.17. The company has a market cap of $584.57 million, a price-to-earnings ratio of 11.65 and a beta of 1.82. BlueLinx Holdings Inc. has a 1-year low of $67.42 and a 1-year high of $134.79.

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Benchmark decreased their target price on shares of BlueLinx from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, February 21st. StockNews.com lowered BlueLinx from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. DA Davidson dropped their price objective on BlueLinx from $137.00 to $119.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Finally, Loop Capital lowered their price target on BlueLinx from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $122.25.

BlueLinx 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.