BlueLinx Holdings Inc. (NYSE:BXC – Get Rating) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 420,000 shares, a decline of 11.6% from the November 15th total of 475,200 shares. Approximately 4.8% of the company's shares are short sold. Based on an average daily volume of 99,000 shares, the short-interest ratio is presently 4.2 days.
BlueLinx Trading Down 1.1 %
NYSE:BXC opened at $69.15 on Tuesday. BlueLinx has a one year low of $57.49 and a one year high of $100.01. The company has a debt-to-equity ratio of 1.00, a current ratio of 4.24 and a quick ratio of 2.28. The company's 50-day simple moving average is $67.55 and its 200 day simple moving average is $70.30. The firm has a market capitalization of $624.77 million, a P/E ratio of 2.01 and a beta of 1.81.
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BlueLinx (NYSE:BXC – Get Rating) last posted its quarterly earnings data on Tuesday, November 1st. The construction company reported $6.38 EPS for the quarter, topping the consensus estimate of $5.40 by $0.98. BlueLinx had a net margin of 7.38% and a return on equity of 70.64%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.07 billion. As a group, analysts forecast that BlueLinx will post 30.17 EPS for the current fiscal year.
Institutional Investors Weigh In On BlueLinx
Several hedge funds have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC raised its holdings in BlueLinx by 45.9% in the second quarter. Steward Partners Investment Advisory LLC now owns 639 shares of the construction company's stock worth $43,000 after buying an additional 201 shares during the last quarter. Bank of Montreal Can raised its holdings in BlueLinx by 4.3% in the second quarter. Bank of Montreal Can now owns 5,033 shares of the construction company's stock worth $377,000 after buying an additional 208 shares during the last quarter. Towle & Co raised its holdings in BlueLinx by 2.8% in the third quarter. Towle & Co now owns 7,960 shares of the construction company's stock worth $494,000 after buying an additional 220 shares during the last quarter. Credit Suisse AG raised its holdings in BlueLinx by 4.2% in the third quarter. Credit Suisse AG now owns 6,601 shares of the construction company's stock worth $409,000 after buying an additional 266 shares during the last quarter. Finally, Rock Creek Group LP raised its holdings in BlueLinx by 0.3% in the third quarter. Rock Creek Group LP now owns 125,408 shares of the construction company's stock worth $7,788,000 after buying an additional 408 shares during the last quarter. Institutional investors own 80.97% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of BlueLinx from a "hold" rating to a "buy" rating in a research note on Wednesday, November 30th.
BlueLinx Company Profile
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BlueLinx Holdings Inc, together with its subsidiaries, distributes residential and commercial building products in the United States. The company distributes specialty products comprising engineered wood, industrial products, cedar, moulding, siding, metal, and insulation products; and structural products include lumber, plywood, oriented strand boards, rebars and remesh, spruce, and other wood products primarily that are used for structural support in construction projects.
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