Medina Value Partners LLC Trims Stock Position in BlueLinx Holdings Inc. $BXC

Medina Value Partners LLC lessened its position in shares of BlueLinx Holdings Inc. (NYSE:BXC) by 25.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 213,548 shares of the construction company’s stock after selling 74,756 shares during the quarter. BlueLinx comprises approximately 3.1% of Medina Value Partners LLC’s portfolio, making the stock its 16th largest position. Medina Value Partners LLC owned about 2.71% of BlueLinx worth $13,118,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in BlueLinx by 1.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,788 shares of the construction company’s stock valued at $847,000 after purchasing an additional 154 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in BlueLinx by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,863 shares of the construction company’s stock valued at $365,000 after purchasing an additional 220 shares during the period. State of Wyoming raised its position in BlueLinx by 19.5% in the fourth quarter. State of Wyoming now owns 1,456 shares of the construction company’s stock valued at $89,000 after purchasing an additional 238 shares during the period. Deutsche Bank AG raised its position in BlueLinx by 0.9% in the fourth quarter. Deutsche Bank AG now owns 37,272 shares of the construction company’s stock valued at $2,290,000 after purchasing an additional 320 shares during the period. Finally, Royal Bank of Canada raised its position in BlueLinx by 4.3% in the first quarter. Royal Bank of Canada now owns 7,870 shares of the construction company’s stock valued at $590,000 after purchasing an additional 321 shares during the period. Hedge funds and other institutional investors own 90.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BXC. Wall Street Zen raised BlueLinx from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings reissued a “sell (d)” rating on shares of BlueLinx in a research report on Wednesday, May 20th. Finally, Benchmark cut their target price on BlueLinx from $83.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $71.50.

BlueLinx Stock Performance

NYSE:BXC opened at $55.33 on Monday. The company has a fifty day simple moving average of $53.00 and a two-hundred day simple moving average of $60.59. The company has a market cap of $430.43 million, a price-to-earnings ratio of -106.39 and a beta of 1.45. The company has a quick ratio of 2.51, a current ratio of 3.90 and a debt-to-equity ratio of 0.96. BlueLinx Holdings Inc. has a 52 week low of $44.78 and a 52 week high of $88.30.

BlueLinx (NYSE:BXC) last posted its quarterly earnings results on Tuesday, May 5th. The construction company reported $0.21 EPS for the quarter, topping the consensus estimate of ($0.72) by $0.93. The business had revenue of $731.15 million during the quarter, compared to the consensus estimate of $714.84 million. BlueLinx had a negative net margin of 0.14% and a negative return on equity of 0.30%.

BlueLinx Company 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.