BlueLinx Holdings Inc. (NYSE:BXC) Stock Holdings Lifted by Divisadero Street Capital Management LP

Divisadero Street Capital Management LP boosted its position in BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,545 shares of the construction company's stock after acquiring an additional 5,545 shares during the quarter. BlueLinx accounts for 0.8% of Divisadero Street Capital Management LP's investment portfolio, making the stock its 28th biggest position. Divisadero Street Capital Management LP owned 0.78% of BlueLinx worth $6,696,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. acquired a new position in shares of BlueLinx during the 4th quarter valued at $61,000. AlphaQuest LLC raised its position in BlueLinx by 28.4% in the fourth quarter. AlphaQuest LLC now owns 1,455 shares of the construction company's stock valued at $149,000 after purchasing an additional 322 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of BlueLinx by 352.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,469 shares of the construction company's stock worth $150,000 after purchasing an additional 1,144 shares in the last quarter. Mariner LLC acquired a new position in shares of BlueLinx during the fourth quarter worth about $220,000. Finally, Bailard Inc. purchased a new stake in shares of BlueLinx in the fourth quarter worth about $245,000. Institutional investors and hedge funds own 90.83% of the company's stock.

BlueLinx Stock Up 7.4%

Shares of BXC traded up $5.02 during trading on Monday, reaching $73.14. The company's stock had a trading volume of 36,142 shares, compared to its average volume of 80,671. The company has a market cap of $586.69 million, a price-to-earnings ratio of 11.91 and a beta of 1.99. The company has a quick ratio of 3.26, a current ratio of 4.85 and a debt-to-equity ratio of 0.89. The company has a fifty day moving average of $73.93 and a two-hundred day moving average of $96.65. BlueLinx Holdings Inc. has a twelve month low of $63.55 and a twelve month high of $134.79.

BlueLinx (NYSE:BXC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $710.64 million during 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%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. DA Davidson dropped their target price on BlueLinx from $119.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Loop Capital dropped their price objective on shares of BlueLinx from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Benchmark decreased their target price on shares of BlueLinx from $120.00 to $110.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, StockNews.com downgraded shares of BlueLinx from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, BlueLinx currently has a consensus rating of "Moderate Buy" and a consensus price target of $110.00.

BlueLinx Company 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.