Rock Creek Group LP Has $225,000 Stake in BlueLinx Holdings Inc. (NYSE:BXC)

Rock Creek Group LP lowered its holdings in shares of BlueLinx Holdings Inc. (NYSE:BXC - Free Report) by 76.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,198 shares of the construction company's stock after selling 7,171 shares during the period. Rock Creek Group LP's holdings in BlueLinx were worth $225,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in BXC. Vestcor Inc lifted its holdings in BlueLinx by 1,797.6% during the 3rd quarter. Vestcor Inc now owns 12,714 shares of the construction company's stock worth $1,340,000 after purchasing an additional 12,044 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of BlueLinx by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 92,144 shares of the construction company's stock worth $9,714,000 after buying an additional 4,363 shares in the last quarter. State Street Corp boosted its position in shares of BlueLinx by 0.6% in the third quarter. State Street Corp now owns 198,003 shares of the construction company's stock valued at $20,873,000 after acquiring an additional 1,252 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of BlueLinx by 28.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 167,178 shares of the construction company's stock valued at $17,624,000 after acquiring an additional 36,968 shares in the last quarter. Finally, PNC Financial Services Group Inc. bought a new position in BlueLinx during the fourth quarter worth about $61,000. 90.83% of the stock is owned by institutional investors and hedge funds.

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BlueLinx Trading Down 8.7 %

NYSE BXC traded down $6.75 on Thursday, reaching $71.28. The company had a trading volume of 33,769 shares, compared to its average volume of 77,477. The firm has a market cap of $591.27 million, a price-to-earnings ratio of 11.61 and a beta of 2.18. BlueLinx Holdings Inc. has a fifty-two week low of $70.26 and a fifty-two week high of $134.79. The business has a 50 day moving average of $89.78 and a two-hundred day moving average of $103.99. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.85 and a quick ratio of 3.26.

BlueLinx (NYSE:BXC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $700.66 million.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BXC shares. Loop Capital dropped their price target on shares of BlueLinx from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, February 21st. DA Davidson decreased their price target on BlueLinx from $137.00 to $119.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. StockNews.com cut shares of BlueLinx from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Benchmark dropped their target price on shares of BlueLinx from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average 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.