Babcock & Wilcox Enterprises (NYSE:BW) Downgraded to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Babcock & Wilcox Enterprises (NYSE:BW) from a hold rating to a sell rating in a research report released on Tuesday.

Separately, Lake Street Capital decreased their price objective on shares of Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday.

Babcock & Wilcox Enterprises Price Performance

NYSE BW opened at $0.46 on Tuesday. The company’s 50 day simple moving average is $1.13 and its two-hundred day simple moving average is $1.67. Babcock & Wilcox Enterprises has a 1 year low of $0.45 and a 1 year high of $2.99. The stock has a market capitalization of $43.10 million, a PE ratio of -0.55 and a beta of 1.84.

Babcock & Wilcox Enterprises (NYSE:BW) last issued its quarterly earnings data on Monday, March 31st. The technology company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.42). The company had revenue of $200.80 million during the quarter, compared to the consensus estimate of $213.07 million.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Brightline Capital Management LLC bought a new position in shares of Babcock & Wilcox Enterprises during the 4th quarter valued at about $2,476,000. Jacobs Levy Equity Management Inc. lifted its position in 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 worth $1,484,000 after buying an additional 697,845 shares during the last quarter. CastleKnight Management LP boosted its stake in Babcock & Wilcox Enterprises by 7.2% in the fourth quarter. CastleKnight Management LP now owns 7,213,690 shares of the technology company’s stock worth $11,830,000 after buying an additional 487,516 shares in the last quarter. Marshall Wace LLP grew its position in Babcock & Wilcox Enterprises by 809.8% during the fourth quarter. Marshall Wace LLP now owns 484,903 shares of the technology company’s stock valued at $795,000 after acquiring an additional 431,604 shares during the last quarter. Finally, 683 Capital Management LLC purchased a new position in shares of Babcock & Wilcox Enterprises during the fourth quarter worth approximately $667,000. 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.