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.

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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.

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