Aristides Capital LLC Takes Position in BlueLinx Holdings Inc. (NYSE:BXC)

Aristides Capital LLC acquired a new position in shares of BlueLinx Holdings Inc. (NYSE:BXC) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 2,716 shares of the construction company’s stock, valued at approximately $277,000.

Other large investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its position in shares of BlueLinx by 59.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 377 shares of the construction company’s stock worth $40,000 after buying an additional 140 shares during the period. PNC Financial Services Group Inc. bought a new position in shares of BlueLinx during the fourth quarter valued at approximately $61,000. AlphaQuest LLC grew its stake in shares of BlueLinx by 28.4% in the fourth quarter. AlphaQuest LLC now owns 1,455 shares of the construction company’s stock worth $149,000 after purchasing an additional 322 shares in the last quarter. FMR LLC raised its holdings in BlueLinx by 10.5% during the third quarter. FMR LLC now owns 1,545 shares of the construction company’s stock worth $163,000 after purchasing an additional 147 shares in the last quarter. Finally, Bailard Inc. acquired a new position in BlueLinx during the fourth quarter worth about $245,000. Hedge funds and other institutional investors own 90.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BXC. Benchmark reduced their price objective on shares of BlueLinx from $135.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Loop Capital dropped their price target on shares of BlueLinx from $135.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 21st. DA Davidson decreased their price objective on shares of BlueLinx from $137.00 to $119.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, StockNews.com cut shares of BlueLinx from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, BlueLinx presently has an average rating of “Moderate Buy” and a consensus price target of $123.50.

BlueLinx Trading Up 1.0 %

Shares of NYSE BXC opened at $72.74 on Monday. The stock has a market cap of $603.35 million, a price-to-earnings ratio of 11.85 and a beta of 1.82. The company has a quick ratio of 3.26, a current ratio of 4.85 and a debt-to-equity ratio of 0.89. The company’s fifty day moving average is $88.33 and its 200-day moving average is $103.52. BlueLinx Holdings Inc. has a twelve month low of $67.42 and a twelve month high of $134.79.

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

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.