ClariVest Asset Management LLC Has $3.83 Million Position in BlueLinx Holdings Inc. (NYSE:BXC)

ClariVest Asset Management LLC lowered its holdings in shares of BlueLinx Holdings Inc. (NYSE:BXCGet Rating) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,253 shares of the construction company’s stock after selling 1,500 shares during the period. ClariVest Asset Management LLC owned about 0.55% of BlueLinx worth $3,828,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BXC. Steward Partners Investment Advisory LLC acquired a new stake in shares of BlueLinx in the 4th quarter valued at $30,000. Robeco Institutional Asset Management B.V. acquired a new position in BlueLinx during the 1st quarter worth about $43,000. Sandy Cove Advisors LLC acquired a new position in BlueLinx during the 4th quarter worth about $55,000. New York State Teachers Retirement System acquired a new position in BlueLinx during the 4th quarter worth about $77,000. Finally, Counterpoint Mutual Funds LLC acquired a new position in BlueLinx during the 1st quarter worth about $78,000. Institutional investors and hedge funds own 81.13% of the company’s stock.

BlueLinx Stock Performance

Shares of NYSE:BXC opened at $74.42 on Thursday. The stock has a market capitalization of $718.90 million, a P/E ratio of 2.02 and a beta of 1.85. BlueLinx Holdings Inc. has a 1-year low of $38.95 and a 1-year high of $100.01. The company has a current ratio of 3.47, a quick ratio of 1.80 and a debt-to-equity ratio of 1.13. The business has a 50-day moving average price of $74.30 and a two-hundred day moving average price of $77.39.

BlueLinx (NYSE:BXCGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The construction company reported $13.19 EPS for the quarter. The company had revenue of $1.30 billion during the quarter. BlueLinx had a return on equity of 107.29% and a net margin of 8.07%. Equities analysts predict that BlueLinx Holdings Inc. will post 26.68 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BXC shares. TheStreet upgraded shares of BlueLinx from a “c” rating to a “b-” rating in a research report on Wednesday, May 4th. StockNews.com downgraded shares of BlueLinx from a “buy” rating to a “hold” rating in a research report on Thursday, July 14th. Finally, Seaport Res Ptn reiterated a “buy” rating on shares of BlueLinx in a research report on Monday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $104.25.

About BlueLinx

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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.

See Also

Institutional Ownership by Quarter for BlueLinx (NYSE:BXC)

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