Algert Global LLC Invests $364,000 in BlueLinx Holdings Inc. (NYSE:BXC)

Algert Global LLC bought a new position in BlueLinx Holdings Inc. (NYSE:BXC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 33,290 shares of the construction company’s stock, valued at approximately $364,000. Algert Global LLC owned about 0.37% of BlueLinx Holdings as of its most recent SEC filing.

Separately, Spark Investment Management LLC increased its position in shares of BlueLinx Holdings by 38.7% in the second quarter. Spark Investment Management LLC now owns 16,500 shares of the construction company’s stock worth $180,000 after buying an additional 4,600 shares in the last quarter. Institutional investors own 75.28% of the company’s stock.

BlueLinx Holdings Inc. (BXC) opened at 10.962 on Friday. The company has a market capitalization of $99.43 million, a P/E ratio of 4.402 and a beta of 2.29. The firm has a 50 day moving average of $10.66 and a 200-day moving average of $9.14. BlueLinx Holdings Inc. has a 52 week low of $6.36 and a 52 week high of $11.78.

BlueLinx Holdings (NYSE:BXC) last posted its earnings results on Thursday, August 10th. The construction company reported $0.35 EPS for the quarter. The firm had revenue of $474 million during the quarter. BlueLinx Holdings had a net margin of 1.62% and a negative return on equity of 21.27%. On average, analysts forecast that BlueLinx Holdings Inc. will post ($0.21) earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Algert Global LLC Invests $364,000 in BlueLinx Holdings Inc. (NYSE:BXC)” was originally published by Stock Observer and is the property of of Stock Observer. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at

Separately, ValuEngine downgraded shares of BlueLinx Holdings from a “buy” rating to a “hold” rating in a research note on Monday, August 7th.

BlueLinx Holdings Company Profile

BlueLinx Holdings, Inc is a distributor of building products in North America. The Company operates its distribution business through a network of approximately 40 distribution centers. It serves metropolitan areas in the United States and delivers building products to a range of wholesale and retail customers.

Want to see what other hedge funds are holding BXC? Visit to get the latest 13F filings and insider trades for BlueLinx Holdings Inc. (NYSE:BXC).

Receive News & Ratings for BlueLinx Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlueLinx Holdings Inc. and related companies with's FREE daily email newsletter.

Leave a Reply