BlueLinx Holdings Inc. $BXC Shares Acquired by Voss Capital LP

Voss Capital LP increased its stake in BlueLinx Holdings Inc. (NYSE:BXC) by 285.7% in the second quarter, HoldingsChannel.com reports. The firm owned 48,210 shares of the construction company’s stock after acquiring an additional 35,710 shares during the quarter. Voss Capital LP’s holdings in BlueLinx were worth $3,586,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL purchased a new position in BlueLinx in the second quarter valued at about $443,000. Invesco Ltd. increased its stake in BlueLinx by 13.7% in the 2nd quarter. Invesco Ltd. now owns 12,480 shares of the construction company’s stock valued at $928,000 after purchasing an additional 1,503 shares in the last quarter. Third Avenue Management LLC raised its holdings in BlueLinx by 55.2% during the second quarter. Third Avenue Management LLC now owns 46,357 shares of the construction company’s stock worth $3,448,000 after purchasing an additional 16,488 shares during the last quarter. River Road Asset Management LLC boosted its position in BlueLinx by 4.3% during the second quarter. River Road Asset Management LLC now owns 217,130 shares of the construction company’s stock worth $15,909,000 after purchasing an additional 8,967 shares in the last quarter. Finally, Norges Bank acquired a new stake in BlueLinx in the second quarter valued at $1,116,000. Hedge funds and other institutional investors own 90.83% of the company’s stock.

BlueLinx Price Performance

NYSE:BXC opened at $60.32 on Monday. BlueLinx Holdings Inc. has a 12-month low of $52.71 and a 12-month high of $130.06. The firm has a market cap of $474.72 million, a price-to-earnings ratio of 35.48 and a beta of 1.59. The company’s 50-day moving average is $65.49 and its two-hundred day moving average is $72.37. The company has a current ratio of 4.60, a quick ratio of 3.15 and a debt-to-equity ratio of 0.96.

BlueLinx (NYSE:BXC) last posted its quarterly earnings data on Tuesday, November 4th. The construction company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). BlueLinx had a net margin of 0.48% and a return on equity of 1.41%. The firm had revenue of $748.87 million during the quarter, compared to analyst estimates of $757.15 million.

Analyst Ratings Changes

BXC has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of BlueLinx in a research report on Monday, December 1st. DA Davidson set a $68.00 price target on shares of BlueLinx in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, BlueLinx presently has an average rating of “Hold” and an average target price of $88.67.

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.