Babcock & Wilcox Enterprises (NYSE:BW - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Thursday.
Babcock & Wilcox Enterprises Price Performance
Shares of BW traded down $0.03 during midday trading on Thursday, reaching $0.87. The stock had a trading volume of 731,127 shares, compared to its average volume of 1,247,354. The company has a market capitalization of $82.15 million, a P/E ratio of -1.05 and a beta of 1.84. The firm's 50 day moving average price is $1.24 and its 200-day moving average price is $1.69. Babcock & Wilcox Enterprises has a 52 week low of $0.82 and a 52 week high of $2.99.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new stake in shares of Babcock & Wilcox Enterprises in the fourth quarter valued at $27,000. Boothbay Fund Management LLC acquired a new position in Babcock & Wilcox Enterprises during the fourth quarter valued at $38,000. Two Sigma Advisers LP lifted its stake in Babcock & Wilcox Enterprises by 106.7% in the 4th quarter. Two Sigma Advisers LP now owns 26,734 shares of the technology company's stock worth $44,000 after acquiring an additional 13,800 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Babcock & Wilcox Enterprises during the 4th quarter worth about $46,000. Finally, Hilltop Holdings Inc. purchased a new position in Babcock & Wilcox Enterprises during the 3rd quarter valued at about $49,000. 83.17% of the stock is currently owned by institutional investors and hedge funds.
Babcock & Wilcox Enterprises Company Profile
(
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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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