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

Voss Capital LP lifted its stake in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 24.5% during the third quarter, Holdings Channel reports. The firm owned 60,000 shares of the construction company’s stock after purchasing an additional 11,790 shares during the quarter. Voss Capital LP’s holdings in BlueLinx were worth $4,385,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BXC. Jacobs Levy Equity Management Inc. increased its stake in BlueLinx by 24.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 115,248 shares of the construction company’s stock worth $8,422,000 after purchasing an additional 22,611 shares in the last quarter. Verition Fund Management LLC boosted its holdings in shares of BlueLinx by 34.6% in the third quarter. Verition Fund Management LLC now owns 5,039 shares of the construction company’s stock worth $368,000 after buying an additional 1,294 shares during the period. Susquehanna Fundamental Investments LLC increased its position in shares of BlueLinx by 21.9% in the third quarter. Susquehanna Fundamental Investments LLC now owns 8,595 shares of the construction company’s stock worth $628,000 after acquiring an additional 1,547 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of BlueLinx by 17.9% during the third quarter. Public Employees Retirement System of Ohio now owns 8,275 shares of the construction company’s stock valued at $605,000 after acquiring an additional 1,259 shares during the period. Finally, Divisadero Street Capital Management LP raised its holdings in shares of BlueLinx by 24.1% during the third quarter. Divisadero Street Capital Management LP now owns 103,141 shares of the construction company’s stock valued at $7,538,000 after acquiring an additional 20,000 shares during the period. 90.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BXC shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of BlueLinx in a research note on Monday, December 29th. Benchmark reduced their target price on BlueLinx from $83.00 to $75.00 and set a “buy” rating for the company in a report on Friday, February 27th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $86.00.

BlueLinx Trading Down 1.1%

NYSE:BXC opened at $50.14 on Wednesday. The stock has a market cap of $394.44 million, a PE ratio of -5,013,900.00 and a beta of 1.62. BlueLinx Holdings Inc. has a fifty-two week low of $48.72 and a fifty-two week high of $88.30. The company has a debt-to-equity ratio of 0.96, a current ratio of 4.66 and a quick ratio of 3.12. The stock’s 50-day moving average is $69.16 and its two-hundred day moving average is $68.28.

BlueLinx (NYSE:BXC) last posted its quarterly earnings results on Tuesday, February 24th. The construction company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.05). BlueLinx had a negative return on equity of 0.23% and a net margin of 0.01%.The company had revenue of $715.80 million during the quarter, compared to analysts’ expectations of $703.84 million.

BlueLinx Profile

BlueLinx Corporation is a leading distributor of building products in the United States, serving professional builders, contractors and industrial customers. The company offers a comprehensive portfolio that includes lumber, engineered wood products, plywood, oriented strand board, siding, railing, millwork and specialty construction materials. Through its nationwide network of distribution centers, BlueLinx provides inventory management, delivery and supply-chain solutions designed to help customers streamline operations and reduce carrying costs.

Founded in 2004 as a spin-off from Georgia-Pacific’s distribution business, BlueLinx has developed a broad product line that spans both residential and commercial construction markets.