BlueLinx Holdings Inc. $BXC Shares Sold by Medina Value Partners LLC

Medina Value Partners LLC decreased its holdings in BlueLinx Holdings Inc. (NYSE:BXC) by 25.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 213,548 shares of the construction company’s stock after selling 74,756 shares during the quarter. BlueLinx comprises about 3.1% of Medina Value Partners LLC’s investment portfolio, making the stock its 16th largest holding. Medina Value Partners LLC’s holdings in BlueLinx were worth $13,118,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of 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 worth $847,000 after acquiring an additional 154 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 buying an additional 220 shares during the last quarter. State of Wyoming increased its holdings 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 buying an additional 238 shares during the last quarter. Deutsche Bank AG increased its holdings 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 buying an additional 320 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings 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 buying an additional 321 shares during the last quarter. Institutional investors and hedge funds own 90.83% of the company’s stock.

BlueLinx Stock Performance

NYSE:BXC opened at $55.33 on Monday. The firm has a market capitalization of $430.43 million, a PE ratio of -106.39 and a beta of 1.45. The business’s fifty day moving average price is $53.00 and its 200 day moving average price is $60.59. The company has a debt-to-equity ratio of 0.96, a current ratio of 3.90 and a quick ratio of 2.51. BlueLinx Holdings Inc. has a 12 month low of $44.78 and a 12 month high of $88.30.

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

Wall Street Analyst Weigh In

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

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.