Geode Capital Management LLC Boosts Stock Holdings in Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

Geode Capital Management LLC grew its holdings in Babcock & Wilcox Enterprises, Inc. (NYSE:BW) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 614,043 shares of the technology company’s stock after purchasing an additional 12,159 shares during the period. Geode Capital Management LLC owned approximately 0.65% of Babcock & Wilcox Enterprises worth $1,253,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Delta Financial Group Inc. lifted its holdings in shares of Babcock & Wilcox Enterprises by 90.9% in the third 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 in the last quarter. Thompson Davis & CO. Inc. bought a new stake in Babcock & Wilcox Enterprises during the 3rd quarter worth approximately $41,000. GSA Capital Partners LLP lifted its stake in Babcock & Wilcox Enterprises by 1.5% in the 3rd quarter. GSA Capital Partners LLP now owns 1,469,620 shares of the technology company’s stock worth $2,998,000 after purchasing an additional 21,694 shares in the last quarter. Hilltop Holdings Inc. bought a new position in Babcock & Wilcox Enterprises in the 3rd quarter valued at $49,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Babcock & Wilcox Enterprises during the 2nd quarter valued at $42,000. 83.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Babcock & Wilcox Enterprises Price Performance

Shares of NYSE:BW opened at $1.63 on Friday. Babcock & Wilcox Enterprises, Inc. has a 1 year low of $0.75 and a 1 year high of $2.99. The company has a market cap of $153.74 million, a PE ratio of -1.96 and a beta of 1.73. The stock’s 50-day moving average is $1.91 and its 200 day moving average is $1.76.

Babcock & Wilcox Enterprises Profile

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.