Susquehanna Fundamental Investments LLC Invests $1.53 Million in BlueLinx Holdings Inc. (NYSE:BXC)

Susquehanna Fundamental Investments LLC purchased a new stake in BlueLinx Holdings Inc. (NYSE:BXC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,960 shares of the construction company's stock, valued at approximately $1,528,000. Susquehanna Fundamental Investments LLC owned about 0.18% of BlueLinx at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. SkyView Investment Advisors LLC boosted its position in shares of BlueLinx by 2.1% during the third quarter. SkyView Investment Advisors LLC now owns 9,101 shares of the construction company's stock worth $959,000 after purchasing an additional 190 shares in the last quarter. Hunter Perkins Capital Management LLC lifted 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 worth $534,000 after acquiring an additional 200 shares in the last quarter. Sterling Capital Management LLC grew its stake in BlueLinx by 4.3% in the fourth quarter. Sterling Capital Management LLC now owns 5,556 shares of the construction company's stock valued at $568,000 after acquiring an additional 230 shares during the period. Invesco Ltd. increased its holdings in shares of BlueLinx by 2.8% in the fourth quarter. Invesco Ltd. now owns 10,947 shares of the construction company's stock worth $1,118,000 after acquiring an additional 295 shares in the last quarter. Finally, AlphaQuest LLC raised its position in shares of BlueLinx by 28.4% during the fourth quarter. AlphaQuest LLC now owns 1,455 shares of the construction company's stock worth $149,000 after purchasing an additional 322 shares during the period. 90.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BXC has been the subject of several research analyst reports. StockNews.com lowered BlueLinx from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Loop Capital reduced their target price on shares of BlueLinx from $120.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, April 14th. DA Davidson dropped their target price on BlueLinx from $119.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Benchmark reduced their target price on shares of BlueLinx from $120.00 to $110.00 and set a "buy" rating for the company in a report on Friday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $110.00.

BlueLinx Stock Down 3.5 %

Shares of NYSE BXC traded down $2.37 during trading on Tuesday, hitting $64.34. 12,787 shares of the company traded hands, compared to its average volume of 80,857. BlueLinx Holdings Inc. has a fifty-two week low of $63.55 and a fifty-two week high of $134.79. The firm has a market capitalization of $516.10 million, a price-to-earnings ratio of 10.53 and a beta of 1.99. The business's fifty day moving average is $74.88 and its 200 day moving average is $97.67. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.26 and a current ratio of 4.85.

BlueLinx (NYSE:BXC - Get Free Report) last issued its earnings results 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 firm had revenue of $710.64 million for the quarter, compared to analyst estimates of $700.66 million. BlueLinx had a return on equity of 7.50% and a net margin of 1.80%.

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.