Assenagon Asset Management S.A. Sells 1,521,612 Shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

Assenagon Asset Management S.A. lowered its stake in shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW - Free Report) by 67.6% in the fourth quarter, according to its most recent disclosure with the 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 approximately 0.77% of Babcock & Wilcox Enterprises worth $1,197,000 as of its most recent filing with the SEC.

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

Babcock & Wilcox Enterprises Price Performance

Shares of Babcock & Wilcox Enterprises stock traded down $0.07 during trading on Friday, hitting $1.47. 787,189 shares of the company were exchanged, compared to its average volume of 1,246,906. The firm has a market capitalization of $138.18 million, a P/E ratio of -1.77 and a beta of 1.73. The firm's fifty day moving average price is $1.75 and its 200 day moving average price is $1.74. Babcock & Wilcox Enterprises, Inc. has a 1-year low of $0.75 and a 1-year high of $2.99.

Wall Street Analysts Forecast Growth

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

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.