Equitec Proprietary Markets LLC Purchases 238,635 Shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

Equitec Proprietary Markets LLC grew its position in shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW - Free Report) by 1,449.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,100 shares of the technology company's stock after purchasing an additional 238,635 shares during the period. Babcock & Wilcox Enterprises makes up about 0.4% of Equitec Proprietary Markets LLC's holdings, making the stock its 6th largest holding. Equitec Proprietary Markets LLC owned about 0.27% of Babcock & Wilcox Enterprises worth $418,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. purchased a new stake in shares of Babcock & Wilcox Enterprises during the third quarter worth $41,000. Hilltop Holdings Inc. purchased a new stake in shares of Babcock & Wilcox Enterprises during the third quarter worth $49,000. Barclays PLC increased its position in shares of Babcock & Wilcox Enterprises by 31,891.1% during the third quarter. Barclays PLC now owns 32,311 shares of the technology company's stock worth $66,000 after acquiring an additional 32,210 shares during the period. Verus Capital Partners LLC purchased a new stake in shares of Babcock & Wilcox Enterprises during the third quarter worth $73,000. Finally, Walleye Capital LLC purchased a new stake in shares of Babcock & Wilcox Enterprises during the third quarter worth $117,000. 83.17% of the stock is currently owned by institutional investors and hedge funds.

Babcock & Wilcox Enterprises Stock Performance

NYSE:BW traded up $0.05 during mid-day trading on Thursday, reaching $1.44. The stock had a trading volume of 788,512 shares, compared to its average volume of 1,013,131. The firm has a market capitalization of $135.35 million, a price-to-earnings ratio of -1.73 and a beta of 1.73. Babcock & Wilcox Enterprises, Inc. has a twelve month low of $0.75 and a twelve month high of $2.99. The business has a 50 day simple moving average of $1.59 and a 200 day simple moving average of $1.70.

Analyst Ratings Changes

Separately, StockNews.com raised Babcock & Wilcox Enterprises from a "sell" rating to a "hold" rating in a report on Tuesday, December 3rd.

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.