Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC reduced its stake in shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) by 7.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 689,946 shares of the technology company’s stock after selling 54,482 shares during the period. Acadian Asset Management LLC owned about 0.76% of Babcock & Wilcox Enterprises worth $998,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in BW. Mirae Asset Global Investments Co. Ltd. acquired a new position in Babcock & Wilcox Enterprises during the 1st quarter worth $26,000. Weiss Asset Management LP bought a new position in shares of Babcock & Wilcox Enterprises in the 4th quarter worth about $28,000. Tidal Investments LLC bought a new position in shares of Babcock & Wilcox Enterprises in the 1st quarter worth about $122,000. Aristides Capital LLC bought a new position in shares of Babcock & Wilcox Enterprises in the 4th quarter worth about $164,000. Finally, Boston Partners lifted 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 last quarter. 83.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th. Craig Hallum raised their price target on shares of Babcock & Wilcox Enterprises from $1.50 to $2.00 and gave the stock a “hold” rating in a research report on Monday, July 8th.

Babcock & Wilcox Enterprises Stock Down 2.4 %

Shares of NYSE:BW opened at $1.23 on Tuesday. The company has a market cap of $113.41 million, a PE ratio of -0.51 and a beta of 1.72. The company’s 50-day moving average price is $1.35 and its 200 day moving average price is $1.28. Babcock & Wilcox Enterprises, Inc. has a fifty-two week low of $0.75 and a fifty-two week high of $5.01.

Babcock & Wilcox Enterprises (NYSE:BW) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.19). The company had revenue of $233.60 million for the quarter, compared to analysts’ expectations of $262.20 million. As a group, equities analysts anticipate that Babcock & Wilcox Enterprises, Inc. will post -0.03 EPS for the current year.

About Babcock & Wilcox Enterprises

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.