BlueLinx Holdings Inc. (NYSE:BXC) Short Interest Up 34.4% in March

BlueLinx Holdings Inc. (NYSE:BXC - Get Free Report) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 261,400 shares, a growth of 34.4% from the March 15th total of 194,500 shares. Approximately 3.3% of the shares of the stock are sold short. Based on an average daily volume of 85,000 shares, the short-interest ratio is presently 3.1 days.

Wall Street Analyst Weigh In

Several research firms recently commented on BXC. Loop Capital decreased their price objective on shares of BlueLinx from $120.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. StockNews.com cut BlueLinx from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Benchmark dropped their price objective on BlueLinx from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, DA Davidson reduced their target price on shares of BlueLinx from $137.00 to $119.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $122.25.

BlueLinx Trading Up 3.4 %

BlueLinx stock traded up $2.41 during trading on Thursday, hitting $73.97. The company's stock had a trading volume of 47,679 shares, compared to its average volume of 80,093. The stock's fifty day moving average is $78.09 and its 200 day moving average is $100.01. BlueLinx has a 1-year low of $67.42 and a 1-year high of $134.79. The stock has a market capitalization of $605.15 million, a price-to-earnings ratio of 11.99 and a beta of 1.82. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.26 and a current ratio of 4.85.

BlueLinx (NYSE:BXC - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $700.66 million.

Hedge Funds Weigh In On BlueLinx

A number of hedge funds have recently made changes to their positions in BXC. Dimensional Fund Advisors LP raised its position in shares of BlueLinx by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 579,636 shares of the construction company's stock worth $59,216,000 after buying an additional 1,889 shares during the period. American Century Companies Inc. increased its position in BlueLinx by 8.4% during the 4th quarter. American Century Companies Inc. now owns 311,567 shares of the construction company's stock worth $31,830,000 after purchasing an additional 24,087 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in BlueLinx by 19.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 199,871 shares of the construction company's stock valued at $20,419,000 after buying an additional 32,693 shares during the period. State Street Corp grew its stake in BlueLinx by 0.6% during the third quarter. State Street Corp now owns 198,003 shares of the construction company's stock worth $20,873,000 after buying an additional 1,252 shares during the period. Finally, Harbor Capital Advisors Inc. increased its position in shares of BlueLinx by 3.6% in the first quarter. Harbor Capital Advisors Inc. now owns 143,552 shares of the construction company's stock worth $10,764,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 90.83% of the company's stock.

About BlueLinx

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.