BlueLinx Holdings Inc. (NYSE: BXC) Short-Term Interest Update

BlueLinx Holdings Inc. (NYSE: BXC) benefited from a significant drop in short interest rates during the month of December. As of December 15, there was short interest totaling 294,500 shares, down 18.3% from the total of 360,600 shares as of November 30. Based on an average trading volume of 161,600 shares, the day-to-coverage ratio is currently 1.8 days.

BXC has been the subject of a number of recent research reports. Craig Hallum raised his price target for BlueLinx stock from $ 85.00 to $ 104.00 and gave the stock a “buy” rating in a research report on Thursday, November 4. Loop Capital downgraded BlueLinx shares from a “keep” rating to a “buy” rating and increased its target price for the company from $ 65 to $ 75 in a report released Thursday, November 4. Finally, DA Davidson began covering shares of BlueLinx in a report on Friday, December 17. They issued a “buy” note and a target price of $ 102.00 on the stock.

Several hedge funds have recently changed their holdings in the company. Carroll Financial Associates Inc. increased its holdings of BlueLinx shares by 111.1% in the 4th quarter. Carroll Financial Associates Inc. now owns 3,800 shares of the construction company valued at $ 342,000 after acquiring an additional 2,000 shares in the last quarter. Bank of New York Mellon Corp increased its stake in BlueLinx by 3.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 66,403 shares of the construction company valued at $ 3,246,000 after purchasing an additional 2,358 shares during the period. BNP Paribas Arbitrage SA increased its stake in BlueLinx by 434.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,714 shares of the construction company valued at $ 84,000 after purchasing an additional 1,393 shares during the period. Squarepoint Ops LLC purchased a new stake in BlueLinx during the third quarter valued at approximately $ 315,000. Finally, the Royal Bank of Canada increased its stake in BlueLinx by 5.1% during the 3rd quarter. Royal Bank of Canada now owns 5,583 shares of the construction company valued at $ 273,000 after purchasing an additional 269 shares during the period. Hedge funds and other institutional investors hold 74.28% of the company’s shares.

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BXC shares opened at $ 81.01 on Friday. The company’s 50-day average mobile price is $ 77.75, and its 200-day average mobile price is $ 59.63. The company has a debt to equity ratio of 1.74, a quick ratio of 1.46, and a current ratio of 3.12. BlueLinx has a one-year low of $ 32.93 and a one-year high of $ 96.63. The company has a market cap of $ 786.61 million, a P / E ratio of 3.28 and a beta of 1.80.

BlueLinx (NYSE: BXC) last released its quarterly earnings data on Monday, November 1. The construction company reported EPS of $ 4.74 for the quarter, beating the consensus estimate of $ 3.78 by $ 0.96. BlueLinx had a net margin of 5.81% and a return on equity of 139.09%. The company reported revenue of $ 970.84 million for the quarter.

BlueLinx Company Profile

BlueLinx Holdings, Inc is engaged in the distribution of construction and industrial products. Its products include two main categories: structural and specialized. Structural products include plywood, oriented strand board, rebar and mesh, lumber, spruce and other wood products used for structural support, walls and siding. soil in construction projects.

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