Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its position in Babcock & Wilcox Enterprises, Inc. (NYSE:BW) by 67.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 729,886 shares of the technology company’s stock after selling 1,521,612 shares during the period. Assenagon Asset Management S.A. owned 0.77% of Babcock & Wilcox Enterprises worth $1,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Millennium Management LLC lifted its stake 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 worth $2,686,000 after purchasing an additional 67,617 shares in the last quarter. GSA Capital Partners LLP lifted its position in Babcock & Wilcox Enterprises by 1.5% during the third quarter. GSA Capital Partners LLP now owns 1,469,620 shares of the technology company’s stock worth $2,998,000 after buying an additional 21,694 shares in the last quarter. Renaissance Technologies LLC lifted its position in Babcock & Wilcox Enterprises by 8.3% during the second quarter. Renaissance Technologies LLC now owns 1,075,138 shares of the technology company’s stock worth $1,559,000 after buying an additional 82,100 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Babcock & Wilcox Enterprises by 2,372.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 727,262 shares of the technology company’s stock worth $1,484,000 after buying an additional 697,845 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Babcock & Wilcox Enterprises by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 614,043 shares of the technology company’s stock valued at $1,253,000 after buying an additional 12,159 shares in the last quarter. 83.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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.

Babcock & Wilcox Enterprises Stock Up 1.7 %

BW stock opened at $1.54 on Friday. Babcock & Wilcox Enterprises, Inc. has a 52-week low of $0.75 and a 52-week high of $2.99. The stock has a market cap of $144.78 million, a price-to-earnings ratio of -1.85 and a beta of 1.73. The business has a fifty day moving average of $1.75 and a two-hundred day moving average of $1.75.

Babcock & Wilcox Enterprises Company 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.