BlueLinx (NYSE:BXC) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, February 5th.
Separately, TheStreet raised shares of BlueLinx from a “d” rating to a “c” rating in a research report on Wednesday, October 11th.
BlueLinx (BXC) opened at $15.96 on Monday. BlueLinx has a 52-week low of $6.36 and a 52-week high of $17.05. The company has a debt-to-equity ratio of -13.52, a quick ratio of 1.02 and a current ratio of 2.06. The company has a market cap of $140.57, a P/E ratio of 7.35 and a beta of 2.83.
Several hedge funds have recently made changes to their positions in BXC. Virtu Financial LLC bought a new position in BlueLinx during the 4th quarter valued at $147,000. Tower Research Capital LLC TRC boosted its stake in BlueLinx by 1,587.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 16,600 shares of the construction company’s stock valued at $162,000 after acquiring an additional 15,616 shares during the last quarter. Acadian Asset Management LLC boosted its stake in BlueLinx by 772.0% during the 4th quarter. Acadian Asset Management LLC now owns 22,743 shares of the construction company’s stock valued at $222,000 after acquiring an additional 20,135 shares during the last quarter. JBF Capital Inc. bought a new position in BlueLinx during the 4th quarter valued at $310,000. Finally, Monarch Partners Asset Management LLC bought a new position in BlueLinx during the 4th quarter valued at $357,000. Institutional investors and hedge funds own 80.72% of the company’s stock.
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BlueLinx Holdings, Inc is a distributor of building products in North America. The Company operates its distribution business through a network of approximately 40 distribution centers. It serves metropolitan areas in the United States and delivers building products to a range of wholesale and retail customers.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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