Babcock & Wilcox Enterprises (NYSE:BW) Lowered to Sell Rating by StockNews.com

StockNews.com downgraded shares of Babcock & Wilcox Enterprises (NYSE:BW) from a hold rating to a sell rating in a research note released on Monday.

Babcock & Wilcox Enterprises Price Performance

Shares of NYSE BW opened at $1.89 on Monday. Babcock & Wilcox Enterprises has a fifty-two week low of $0.75 and a fifty-two week high of $2.99. The firm has a market capitalization of $177.79 million, a P/E ratio of -2.27 and a beta of 1.73. The company’s 50 day simple moving average is $2.08 and its 200 day simple moving average is $1.61.

Hedge Funds Weigh In On Babcock & Wilcox Enterprises

Several institutional investors and hedge funds have recently modified their holdings of BW. Geode Capital Management LLC boosted its stake in shares of Babcock & Wilcox Enterprises by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 614,043 shares of the technology company’s stock worth $1,253,000 after buying an additional 12,159 shares during the last quarter. Barclays PLC boosted its position in Babcock & Wilcox Enterprises by 31,891.1% during the third quarter. Barclays PLC now owns 32,311 shares of the technology company’s stock valued at $66,000 after purchasing an additional 32,210 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Babcock & Wilcox Enterprises by 2,372.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 727,262 shares of the technology company’s stock valued at $1,484,000 after purchasing an additional 697,845 shares in the last quarter. Hilltop Holdings Inc. acquired a new position in shares of Babcock & Wilcox Enterprises during the 3rd quarter worth approximately $49,000. Finally, Walleye Capital LLC acquired a new position in shares of Babcock & Wilcox Enterprises during the 3rd quarter worth approximately $117,000. 83.17% of the stock is currently owned by institutional investors and hedge funds.

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.