BlueLinx (BXC) Announces Earnings Results

BlueLinx (NYSE:BXC) released its quarterly earnings results on Wednesday. The construction company reported ($1.74) EPS for the quarter, Morningstar.com reports. BlueLinx had a return on equity of 202.65% and a net margin of 0.82%.

BXC stock opened at $25.34 on Thursday. The company has a debt-to-equity ratio of 326.37, a quick ratio of 1.44 and a current ratio of 3.15. BlueLinx has a 12 month low of $19.08 and a 12 month high of $46.42. The stock has a market capitalization of $287.18 million, a price-to-earnings ratio of 7.92 and a beta of 2.07.

In other news, major shareholder Nokomis Capital, L.L.C. bought 49,117 shares of the firm’s stock in a transaction on Monday, December 24th. The shares were purchased at an average cost of $20.48 per share, with a total value of $1,005,916.16. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.16% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in BXC. Northern Trust Corp increased its holdings in BlueLinx by 483.6% in the 2nd quarter. Northern Trust Corp now owns 102,211 shares of the construction company’s stock valued at $3,835,000 after buying an additional 84,698 shares during the period. SG Americas Securities LLC bought a new position in BlueLinx in the 3rd quarter valued at about $239,000. Bank of New York Mellon Corp increased its holdings in BlueLinx by 12.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 27,296 shares of the construction company’s stock valued at $860,000 after buying an additional 2,999 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in BlueLinx by 71.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,375 shares of the construction company’s stock valued at $1,429,000 after buying an additional 18,850 shares during the period. Finally, GSA Capital Partners LLP increased its holdings in BlueLinx by 23.8% in the 3rd quarter. GSA Capital Partners LLP now owns 34,900 shares of the construction company’s stock valued at $1,099,000 after buying an additional 6,700 shares during the period. 84.10% of the stock is currently owned by hedge funds and other institutional investors.

Separately, ValuEngine lowered shares of BlueLinx from a “hold” rating to a “sell” rating in a research report on Thursday.

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About BlueLinx

BlueLinx Holdings Inc, together with its subsidiaries, distributes building and industrial products in the United States. It distributes structural products, including plywood, oriented strand board, rebar and remesh, lumber, and other wood products primarily used for structural support, walls, and flooring in construction projects; and specialty products comprising exterior roofing, insulation, engineered wood, vinyl, metal, moulding, spruce, and cedar products.

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Earnings History for BlueLinx (NYSE:BXC)

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