Voss Capital LP Has $10.83 Million Position in BlueLinx Holdings Inc. (NYSE:BXC)

Voss Capital LP trimmed its stake in BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 43.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,000 shares of the construction company's stock after selling 82,645 shares during the quarter. BlueLinx makes up about 0.8% of Voss Capital LP's portfolio, making the stock its 26th biggest holding. Voss Capital LP owned 1.26% of BlueLinx worth $10,829,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in BXC. Public Employees Retirement System of Ohio grew its stake in shares of BlueLinx by 59.1% in the third quarter. Public Employees Retirement System of Ohio now owns 377 shares of the construction company's stock valued at $40,000 after buying an additional 140 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in shares of BlueLinx in the 4th quarter valued at about $61,000. AlphaQuest LLC increased its stake in shares of BlueLinx by 28.4% during the 4th 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 last quarter. Tower Research Capital LLC TRC increased its stake in shares of BlueLinx by 352.0% during the 4th 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 during the last quarter. Finally, FMR LLC raised its holdings in shares of BlueLinx by 10.5% in the 3rd quarter. FMR LLC now owns 1,545 shares of the construction company's stock valued at $163,000 after purchasing an additional 147 shares during the period. Institutional investors and hedge funds own 90.83% of the company's stock.

BlueLinx Stock Performance

Shares of NYSE:BXC traded down $1.25 during trading on Friday, reaching $72.83. 92,821 shares of the stock were exchanged, compared to its average volume of 80,211. The firm has a market cap of $595.78 million, a PE ratio of 11.86 and a beta of 1.82. The company has a current ratio of 4.85, a quick ratio of 3.26 and a debt-to-equity ratio of 0.89. BlueLinx Holdings Inc. has a 12 month low of $67.42 and a 12 month high of $134.79. The stock has a 50-day moving average price of $77.00 and a 200-day moving average price of $99.54.

BlueLinx (NYSE:BXC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The firm 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 Analysts Forecast Growth

BXC has been the topic of a number of recent analyst reports. Benchmark lowered their price target on BlueLinx from $135.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Loop Capital decreased their target price on BlueLinx from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, April 14th. DA Davidson cut their price target on BlueLinx from $137.00 to $119.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Finally, StockNews.com cut shares of BlueLinx from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, BlueLinx currently has a consensus rating of "Moderate Buy" and a consensus 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.