Jane Street Group LLC Sells 30,626 Shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

Jane Street Group LLC decreased its holdings in shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) by 11.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,077 shares of the technology company’s stock after selling 30,626 shares during the period. Jane Street Group LLC owned 0.25% of Babcock & Wilcox Enterprises worth $475,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its stake in 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 valued at $4,593,000 after purchasing an additional 1,073,775 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Babcock & Wilcox Enterprises by 2,372.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 727,262 shares of the technology company’s stock valued at $1,484,000 after buying an additional 697,845 shares during the period. Millennium Management LLC increased its position in Babcock & Wilcox Enterprises by 3.8% in the 2nd quarter. Millennium Management LLC now owns 1,852,307 shares of the technology company’s stock valued at $2,686,000 after buying an additional 67,617 shares in the last quarter. Delta Financial Group Inc. raised its stake in Babcock & Wilcox Enterprises by 90.9% during the 3rd quarter. Delta Financial Group Inc. now owns 21,000 shares of the technology company’s stock worth $43,000 after buying an additional 10,000 shares during the period. Finally, Walleye Capital LLC bought a new position in Babcock & Wilcox Enterprises in the third quarter worth approximately $117,000. Institutional investors and hedge funds own 83.17% of the company’s stock.

Babcock & Wilcox Enterprises Trading Up 2.2 %

Shares of Babcock & Wilcox Enterprises stock opened at $1.82 on Tuesday. The stock has a fifty day simple moving average of $1.95 and a 200 day simple moving average of $1.76. Babcock & Wilcox Enterprises, Inc. has a 12-month low of $0.75 and a 12-month high of $2.99. The company has a market capitalization of $171.66 million, a P/E ratio of -2.19 and a beta of 1.73.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd.

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.