Prescott Group Capital Management L.L.C. lowered its stake in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 27.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 281,315 shares of the construction company’s stock after selling 107,464 shares during the quarter. Prescott Group Capital Management L.L.C. owned 3.09% of BlueLinx worth $2,746,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Perritt Capital Management Inc. purchased a new position in BlueLinx in the fourth quarter valued at $4,404,000. Dimensional Fund Advisors LP boosted its stake in BlueLinx by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 124,984 shares of the construction company’s stock valued at $1,364,000 after acquiring an additional 11,898 shares in the last quarter. Monarch Partners Asset Management LLC acquired a new stake in shares of BlueLinx during the fourth quarter worth about $357,000. Algert Global LLC boosted its stake in shares of BlueLinx by 228.3% during the fourth quarter. Algert Global LLC now owns 130,770 shares of the construction company’s stock worth $1,276,000 after buying an additional 90,940 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in shares of BlueLinx by 772.0% during the fourth quarter. Acadian Asset Management LLC now owns 22,743 shares of the construction company’s stock worth $222,000 after buying an additional 20,135 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of BlueLinx Holdings Inc. (BXC) traded up $0.35 during trading on Friday, reaching $16.49. 398,838 shares of the company’s stock were exchanged, compared to its average volume of 237,989. BlueLinx Holdings Inc. has a 12 month low of $6.36 and a 12 month high of $17.19. 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 stock has a market capitalization of $150.03, a PE ratio of 7.60 and a beta of 2.83.
Separately, ValuEngine upgraded shares of BlueLinx from a “hold” rating to a “buy” rating in a research report on Monday, February 5th.
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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.
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