Babcock & Wilcox Enterprises (NYSE:BW) Upgraded at StockNews.com

StockNews.com upgraded shares of Babcock & Wilcox Enterprises (NYSE:BW) from a sell rating to a hold rating in a research report report published on Thursday morning.

Babcock & Wilcox Enterprises Stock Down 3.5 %

Shares of NYSE BW opened at $0.87 on Thursday. The stock has a market cap of $82.15 million, a PE ratio of -1.05 and a beta of 1.84. Babcock & Wilcox Enterprises has a 52-week low of $0.82 and a 52-week high of $2.99. The business has a 50-day moving average price of $1.24 and a 200 day moving average price of $1.69.

Institutional Trading of Babcock & Wilcox Enterprises

A number of large investors have recently made changes to their positions in the company. CastleKnight Management LP boosted its position in shares of Babcock & Wilcox Enterprises by 7.2% in the 4th quarter. CastleKnight Management LP now owns 7,213,690 shares of the technology company’s stock valued at $11,830,000 after purchasing an additional 487,516 shares during the period. Russell Investments Group Ltd. lifted its position in Babcock & Wilcox Enterprises by 28.1% during the 4th quarter. Russell Investments Group Ltd. now owns 1,702,261 shares of the technology company’s stock worth $2,792,000 after acquiring an additional 373,049 shares during the period. Brightline Capital Management LLC acquired a new stake in Babcock & Wilcox Enterprises during the 4th quarter worth approximately $2,476,000. Heartland Advisors Inc. lifted its position in Babcock & Wilcox Enterprises by 4.5% during the 4th quarter. Heartland Advisors Inc. now owns 1,373,500 shares of the technology company’s stock worth $2,253,000 after acquiring an additional 58,800 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in Babcock & Wilcox Enterprises by 2,372.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 727,262 shares of the technology company’s stock worth $1,484,000 after acquiring an additional 697,845 shares during the period. 83.17% of the stock is owned by institutional investors and hedge funds.

About Babcock & Wilcox Enterprises

Babcock & Wilcox Enterprises, Inc engages in the provision of fossil and renewable power generation and environmental equipment. It operates through the following segments: B&W Renewable, B&W Environmental, and B&W Thermal. The B&W Renewable segment supports a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.