Shares of BlueLinx Holdings Inc. (NYSE:BXC) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $11.80 and last traded at $11.27, with a volume of 179900 shares changing hands. The stock had previously closed at $10.59.

BXC has been the topic of a number of recent research reports. TheStreet raised BlueLinx from a “d” rating to a “c” rating in a research report on Wednesday, October 11th. ValuEngine downgraded BlueLinx from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.

The stock has a market capitalization of $102.54, a PE ratio of 5.19 and a beta of 2.29. The company has a quick ratio of 1.02, a current ratio of 2.06 and a debt-to-equity ratio of -13.52.

BlueLinx (NYSE:BXC) last announced its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.62 earnings per share for the quarter. BlueLinx had a negative return on equity of 43.39% and a net margin of 1.10%.

In other BlueLinx news, insider Mitchell B. Lewis purchased 4,000 shares of the stock in a transaction on Friday, November 10th. The shares were purchased at an average price of $8.55 per share, with a total value of $34,200.00. Following the completion of the transaction, the insider now directly owns 94,121 shares in the company, valued at $804,734.55. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Stephen Feinberg sold 4,443,428 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $6.58, for a total value of $29,237,756.24. The disclosure for this sale can be found here. In the last three months, insiders have acquired 16,900 shares of company stock worth $149,940. Company insiders own 2.29% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Algert Global LLC increased its position in BlueLinx by 19.6% during the third quarter. Algert Global LLC now owns 39,830 shares of the construction company’s stock worth $411,000 after buying an additional 6,540 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of BlueLinx by 10.5% during the second quarter. Dimensional Fund Advisors LP now owns 124,984 shares of the construction company’s stock worth $1,364,000 after acquiring an additional 11,898 shares during the period. Finally, Feinberg Stephen bought a new stake in shares of BlueLinx during the second quarter worth approximately $51,569,000. 74.13% of the stock is currently owned by hedge funds and other institutional investors.

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BlueLinx 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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