Keeley Teton Advisors LLC Sells 7,500 Shares of BlueLinx Holdings Inc. (NYSE:BXC)

Keeley Teton Advisors LLC decreased its holdings in BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 55.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,050 shares of the construction company's stock after selling 7,500 shares during the quarter. Keeley Teton Advisors LLC owned 0.07% of BlueLinx worth $618,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in shares of BlueLinx by 59.1% during the third quarter. Public Employees Retirement System of Ohio now owns 377 shares of the construction company's stock valued at $40,000 after acquiring an additional 140 shares during the period. FMR LLC grew its stake in BlueLinx by 10.5% during the third quarter. FMR LLC now owns 1,545 shares of the construction company's stock worth $163,000 after buying an additional 147 shares during the last quarter. SkyView Investment Advisors LLC increased its holdings in shares of BlueLinx by 2.1% during the third quarter. SkyView Investment Advisors LLC now owns 9,101 shares of the construction company's stock worth $959,000 after buying an additional 190 shares in the last quarter. Hunter Perkins Capital Management LLC boosted its holdings in shares of BlueLinx by 4.0% in the 4th quarter. Hunter Perkins Capital Management LLC now owns 5,225 shares of the construction company's stock worth $534,000 after acquiring an additional 200 shares in the last quarter. Finally, Sterling Capital Management LLC grew its position in BlueLinx by 4.3% during the 4th quarter. Sterling Capital Management LLC now owns 5,556 shares of the construction company's stock worth $568,000 after acquiring an additional 230 shares during the last quarter. 90.83% of the stock is owned by institutional investors.

BlueLinx Trading Up 0.4 %

Shares of BlueLinx stock traded up $0.30 on Tuesday, hitting $70.91. 22,351 shares of the company's stock traded hands, compared to its average volume of 82,188. The firm's 50-day moving average price is $79.30 and its two-hundred day moving average price is $100.41. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.85 and a quick ratio of 3.26. The stock has a market capitalization of $580.07 million, a PE ratio of 11.55 and a beta of 1.82. BlueLinx Holdings Inc. has a one year low of $67.42 and a one year high of $134.79.

BlueLinx (NYSE:BXC - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). BlueLinx had a net margin of 1.80% and a return on equity of 7.50%. The company had revenue of $710.64 million during the quarter, compared to the consensus estimate of $700.66 million.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. DA Davidson reduced their price objective on BlueLinx from $137.00 to $119.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Loop Capital lowered their price objective on shares of BlueLinx from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Benchmark decreased their price target on shares of BlueLinx from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, StockNews.com cut shares of BlueLinx from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.25.

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.