Insider Selling: BlueLinx Holdings Inc. (BXC) Major Shareholder Sells 4,443,428 Shares of Stock
BlueLinx Holdings Inc. (NYSE:BXC) major shareholder Stephen Feinberg sold 4,443,428 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $6.58, for a total transaction of $29,237,756.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of BlueLinx Holdings Inc. (BXC) traded up 0.13% on Monday, reaching $8.00. 84,350 shares of the company were exchanged. BlueLinx Holdings Inc. has a 12-month low of $6.36 and a 12-month high of $11.78. The stock’s 50-day moving average is $9.98 and its 200 day moving average is $10.10. The firm has a market capitalization of $72.78 million, a PE ratio of 2.52 and a beta of 2.30.
BlueLinx Holdings (NYSE:BXC) last announced its quarterly earnings data on Thursday, August 10th. The construction company reported $0.35 earnings per share for the quarter. BlueLinx Holdings had a negative return on equity of 22.97% and a net margin of 1.62%. The firm had revenue of $474.00 million during the quarter. On average, analysts forecast that BlueLinx Holdings Inc. will post ($0.21) EPS for the current year.
ILLEGAL ACTIVITY WARNING: This piece was posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/10/23/insider-selling-bluelinx-holdings-inc-bxc-major-shareholder-sells-4443428-shares-of-stock.html.
A number of research analysts have recently commented on BXC shares. ValuEngine cut shares of BlueLinx Holdings from a “buy” rating to a “hold” rating in a report on Monday, August 7th. TheStreet raised shares of BlueLinx Holdings from a “d” rating to a “c” rating in a report on Wednesday, October 11th.
Several institutional investors have recently made changes to their positions in the stock. Feinberg Stephen bought a new position in shares of BlueLinx Holdings during the second quarter valued at approximately $51,569,000. Dimensional Fund Advisors LP raised its holdings in BlueLinx Holdings by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 124,984 shares of the construction company’s stock worth $1,364,000 after purchasing an additional 11,898 shares in the last quarter. Weber Alan W raised its holdings in BlueLinx Holdings by 45.4% in the second quarter. Weber Alan W now owns 84,779 shares of the construction company’s stock worth $927,000 after purchasing an additional 26,480 shares in the last quarter. Algert Global LLC bought a new position in BlueLinx Holdings in the second quarter worth $364,000. Finally, Spark Investment Management LLC raised its holdings in 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 purchasing an additional 4,600 shares in the last quarter. Institutional investors own 74.47% of the company’s stock.
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.
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 MarketBeat.com's FREE daily email newsletter.