Royce & Associates LP Lowers Stock Holdings in Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

Royce & Associates LP lessened its holdings in shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) by 9.3% during the third quarter, HoldingsChannel reports. The firm owned 1,472,854 shares of the technology company’s stock after selling 150,520 shares during the quarter. Royce & Associates LP’s holdings in Babcock & Wilcox Enterprises were worth $3,005,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in BW. Assenagon Asset Management S.A. boosted its position in shares of Babcock & Wilcox Enterprises by 91.2% in the third quarter. Assenagon Asset Management S.A. now owns 2,251,498 shares of the technology company’s stock worth $4,593,000 after acquiring an additional 1,073,775 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Babcock & Wilcox Enterprises by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 3,379,556 shares of the technology company’s stock valued at $3,819,000 after buying an additional 352,607 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Babcock & Wilcox Enterprises by 29.3% during the 1st quarter. Russell Investments Group Ltd. now owns 867,520 shares of the technology company’s stock worth $980,000 after buying an additional 196,408 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Babcock & Wilcox Enterprises in the 1st quarter worth $26,000. Finally, Boston Partners raised its position in shares of Babcock & Wilcox Enterprises by 16.0% in the 1st quarter. Boston Partners now owns 318,870 shares of the technology company’s stock worth $360,000 after buying an additional 43,880 shares during the period. Institutional investors and hedge funds own 83.17% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Babcock & Wilcox Enterprises from a “hold” rating to a “sell” rating in a research note on Monday.

Babcock & Wilcox Enterprises Trading Up 6.5 %

Shares of BW stock opened at $1.89 on Tuesday. The company has a market cap of $177.79 million, a PE ratio of -2.27 and a beta of 1.73. The company’s fifty day simple moving average is $2.08 and its 200-day simple moving average is $1.61. Babcock & Wilcox Enterprises, Inc. has a 52 week low of $0.75 and a 52 week high of $2.99.

Babcock & Wilcox Enterprises Company Profile

Babcock & Wilcox Enterprises, Inc, together with its subsidiaries, provides energy and emissions control solutions to industrial, electrical utility, municipal, and other customers worldwide. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal.