Babcock & Wilcox Enterprises (NYSE:BW – Get Free Report) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.
Babcock & Wilcox Enterprises Trading Down 5.7 %
Shares of NYSE:BW opened at $0.96 on Wednesday. Babcock & Wilcox Enterprises has a 12-month low of $0.75 and a 12-month high of $2.99. The stock’s 50-day moving average price is $1.35 and its two-hundred day moving average price is $1.70. The firm has a market cap of $90.73 million, a price-to-earnings ratio of -1.16 and a beta of 1.84.
Hedge Funds Weigh In On Babcock & Wilcox Enterprises
A number of large investors have recently bought and sold shares of BW. BNP Paribas Financial Markets acquired a new position in Babcock & Wilcox Enterprises during the 4th quarter worth approximately $27,000. Thompson Davis & CO. Inc. acquired a new position in Babcock & Wilcox Enterprises during the 3rd quarter valued at about $41,000. Boothbay Fund Management LLC acquired a new stake in shares of Babcock & Wilcox Enterprises in the fourth quarter valued at approximately $38,000. Hilltop Holdings Inc. bought a new stake in shares of Babcock & Wilcox Enterprises during the third quarter valued at approximately $49,000. Finally, Two Sigma Advisers LP boosted its position in shares of Babcock & Wilcox Enterprises by 106.7% during the fourth quarter. Two Sigma Advisers LP now owns 26,734 shares of the technology company’s stock worth $44,000 after buying an additional 13,800 shares during the period. Hedge funds and other institutional investors own 83.17% of the company’s stock.
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.
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