Aristides Capital LLC Buys New Shares in BlueLinx Holdings Inc. (NYSE:BXC)

Aristides Capital LLC purchased a new position in shares of BlueLinx Holdings Inc. (NYSE:BXC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,716 shares of the construction company’s stock, valued at approximately $277,000.

Several other institutional investors and hedge funds have also bought and sold shares of BXC. Public Employees Retirement System of Ohio grew its position in BlueLinx by 59.1% during the third quarter. Public Employees Retirement System of Ohio now owns 377 shares of the construction company’s stock valued at $40,000 after buying an additional 140 shares during the period. FMR LLC increased its stake in shares of BlueLinx by 10.5% in the 3rd quarter. FMR LLC now owns 1,545 shares of the construction company’s stock valued at $163,000 after purchasing an additional 147 shares in the last quarter. SkyView Investment Advisors LLC boosted its position in BlueLinx by 2.1% during the third quarter. SkyView Investment Advisors LLC now owns 9,101 shares of the construction company’s stock worth $959,000 after purchasing an additional 190 shares in the last quarter. Hunter Perkins Capital Management LLC grew its holdings in BlueLinx by 4.0% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 5,225 shares of the construction company’s stock valued at $534,000 after purchasing an additional 200 shares during the period. Finally, AlphaQuest LLC grew its stake in BlueLinx by 28.4% in the 4th quarter. AlphaQuest LLC now owns 1,455 shares of the construction company’s stock valued at $149,000 after acquiring an additional 322 shares during the period. 90.83% of the stock is currently owned by institutional investors and hedge funds.

BlueLinx Trading Up 1.0 %

BXC opened at $72.74 on Monday. The firm has a market cap of $603.35 million, a price-to-earnings ratio of 11.85 and a beta of 1.82. The business’s 50 day moving average is $88.33 and its two-hundred day moving average is $103.52. The company has a quick ratio of 3.26, a current ratio of 4.85 and a debt-to-equity ratio of 0.89. BlueLinx Holdings Inc. has a 52 week low of $67.42 and a 52 week high of $134.79.

BlueLinx (NYSE:BXC) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). BlueLinx had a return on equity of 7.50% and a net margin of 1.80%. The company had revenue of $710.64 million for the quarter, compared to analysts’ expectations of $700.66 million.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Benchmark decreased their price target on shares of BlueLinx from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Loop Capital decreased their target price on shares of BlueLinx from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. DA Davidson reduced their price objective on BlueLinx from $137.00 to $119.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Finally, StockNews.com lowered shares of BlueLinx from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, BlueLinx has a consensus rating of “Moderate Buy” and a consensus target price of $123.50.

BlueLinx 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.