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

Rock Creek Group LP lessened its holdings in BlueLinx Holdings Inc. (NYSE:BXC) by 76.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,198 shares of the construction company’s stock after selling 7,171 shares during the quarter. Rock Creek Group LP’s holdings in BlueLinx were worth $225,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Public Employees Retirement System of Ohio grew its stake in 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 in the last quarter. PNC Financial Services Group Inc. purchased a new stake in shares of BlueLinx in the 4th quarter worth $61,000. Quest Partners LLC grew its position in shares of 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 in the last quarter. AlphaQuest LLC increased its stake in shares of BlueLinx by 28.4% during the fourth quarter. AlphaQuest LLC now owns 1,455 shares of the construction company’s stock valued at $149,000 after buying an additional 322 shares during the period. Finally, FMR LLC raised its holdings in shares of BlueLinx by 10.5% in the third quarter. FMR LLC now owns 1,545 shares of the construction company’s stock valued at $163,000 after acquiring an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 90.83% of the company’s stock.

BlueLinx Stock Down 4.7 %

Shares of BlueLinx stock opened at $76.69 on Friday. 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 has a market cap of $636.14 million, a P/E ratio of 12.49 and a beta of 2.18. The firm’s 50 day moving average price is $91.72 and its 200-day moving average price is $104.45. BlueLinx Holdings Inc. has a 52-week low of $73.01 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 the consensus estimate of $0.52 by ($0.01). BlueLinx had a return on equity of 7.50% and a net margin of 1.80%. The firm had revenue of $710.64 million during the quarter, compared to analysts’ expectations of $700.66 million.

Analyst Upgrades and Downgrades

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