XTX Topco Ltd Decreases Stock Holdings in Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

XTX Topco Ltd lowered its stake in shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) by 12.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 477,513 shares of the technology company’s stock after selling 68,756 shares during the period. XTX Topco Ltd owned approximately 0.52% of Babcock & Wilcox Enterprises worth $692,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. B. Riley Financial Inc. lifted its position in Babcock & Wilcox Enterprises by 0.6% during the fourth quarter. B. Riley Financial Inc. now owns 27,446,522 shares of the technology company’s stock valued at $40,072,000 after purchasing an additional 157,883 shares during the period. Vanguard Group Inc. boosted its stake in shares of Babcock & Wilcox Enterprises by 11.6% in the 1st quarter. Vanguard Group Inc. now owns 3,379,556 shares of the technology company’s stock worth $3,819,000 after buying an additional 352,607 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Babcock & Wilcox Enterprises by 8.3% in the second quarter. Renaissance Technologies LLC now owns 1,075,138 shares of the technology company’s stock worth $1,559,000 after acquiring an additional 82,100 shares during the period. Russell Investments Group Ltd. increased its position in Babcock & Wilcox Enterprises by 29.3% during the first quarter. Russell Investments Group Ltd. now owns 867,520 shares of the technology company’s stock valued at $980,000 after acquiring an additional 196,408 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Babcock & Wilcox Enterprises by 13.0% in the first quarter. Acadian Asset Management LLC now owns 744,428 shares of the technology company’s stock valued at $840,000 after acquiring an additional 85,489 shares during the period. Hedge funds and other institutional investors own 83.17% of the company’s stock.

Babcock & Wilcox Enterprises Stock Up 4.4 %

Shares of BW opened at $1.42 on Monday. The business has a 50-day simple moving average of $1.29 and a two-hundred day simple moving average of $1.28. Babcock & Wilcox Enterprises, Inc. has a 52 week low of $0.75 and a 52 week high of $4.84. The stock has a market cap of $129.24 million, a price-to-earnings ratio of -0.59 and a beta of 1.72.

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

Wall Street Analysts Forecast Growth

BW has been the subject of several research reports. Craig Hallum upped their price target on shares of Babcock & Wilcox Enterprises from $1.50 to $2.00 and gave the company a “hold” rating in a research report on Monday, July 8th. StockNews.com raised shares of Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a report on Thursday, August 15th.

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.