News coverage about BlueLinx Holdings (NYSE:BXC) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BlueLinx Holdings earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the construction company an impact score of 44.6418351132347 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
BlueLinx Holdings (NYSE:BXC) traded up 2.62% during midday trading on Wednesday, reaching $8.23. 91,353 shares of the company traded hands. The stock has a market capitalization of $74.88 million, a P/E ratio of 2.59 and a beta of 2.30. BlueLinx Holdings has a 12-month low of $6.36 and a 12-month high of $11.78. The company has a 50 day moving average of $9.81 and a 200-day moving average of $10.10.
BlueLinx Holdings (NYSE:BXC) last posted its quarterly earnings results on Thursday, August 10th. The construction company reported $0.35 EPS for the quarter. The business had revenue of $474.00 million during the quarter. BlueLinx Holdings had a net margin of 1.62% and a negative return on equity of 22.97%. Equities analysts anticipate that BlueLinx Holdings will post ($0.21) EPS for the current fiscal year.
BXC has been the topic of several research reports. ValuEngine raised shares of BlueLinx Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. TheStreet raised shares of BlueLinx Holdings from a “d” rating to a “c” rating in a research report on Wednesday, October 11th.
In other BlueLinx Holdings news, major shareholder Stephen Feinberg sold 4,443,428 shares of the firm’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $6.58, for a total value of $29,237,756.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.29% 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.