BlueLinx (BXC) Lifted to Buy at ValuEngine

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.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another domain, it was stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/13/bluelinx-bxc-upgraded-to-buy-at-valuengine.html.

About BlueLinx

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.

Receive News & Ratings for BlueLinx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlueLinx and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply