Rock Creek Group LP Reduces Position in BlueLinx Holdings Inc. (NYSE:BXC)

Rock Creek Group LP decreased its position in BlueLinx Holdings Inc. (NYSE:BXC) by 76.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,198 shares of the construction company’s stock after selling 7,171 shares during the period. Rock Creek Group LP’s holdings in BlueLinx were worth $225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its stake in shares of BlueLinx by 59.1% in the third quarter. Public Employees Retirement System of Ohio now owns 377 shares of the construction company’s stock worth $40,000 after purchasing an additional 140 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in BlueLinx in the 4th quarter worth approximately $61,000. Quest Partners LLC raised its position in BlueLinx by 43.2% during the 3rd quarter. Quest Partners LLC now owns 1,133 shares of the construction company’s stock worth $119,000 after buying an additional 342 shares during the last quarter. AlphaQuest LLC lifted its stake in BlueLinx by 28.4% during 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. Finally, FMR LLC boosted its holdings 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 acquiring an additional 147 shares during the last quarter. Institutional investors and hedge funds own 90.83% of the company’s stock.

Analyst Upgrades and Downgrades

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

BlueLinx Stock Down 4.7 %

BXC opened at $76.69 on Friday. The company has a fifty day moving average of $91.72 and a two-hundred day moving average of $104.45. The stock has a market capitalization of $636.14 million, a price-to-earnings ratio of 12.49 and a beta of 2.18. BlueLinx Holdings Inc. has a fifty-two week low of $73.01 and a fifty-two week high of $134.79. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.26 and a current ratio of 4.85.

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

About BlueLinx

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.