Jacobs Levy Equity Management Inc. Buys 697,845 Shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

Jacobs Levy Equity Management Inc. boosted its stake in Babcock & Wilcox Enterprises, Inc. (NYSE:BW - Free Report) by 2,372.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 727,262 shares of the technology company's stock after buying an additional 697,845 shares during the period. Jacobs Levy Equity Management Inc. owned 0.77% of Babcock & Wilcox Enterprises worth $1,484,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BW. Vanguard Group Inc. grew its holdings in Babcock & Wilcox Enterprises by 11.6% during the first quarter. Vanguard Group Inc. now owns 3,379,556 shares of the technology company's stock worth $3,819,000 after acquiring an additional 352,607 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Babcock & Wilcox Enterprises by 91.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,251,498 shares of the technology company's stock worth $4,593,000 after acquiring an additional 1,073,775 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Babcock & Wilcox Enterprises by 3.8% during the second quarter. Millennium Management LLC now owns 1,852,307 shares of the technology company's stock valued at $2,686,000 after purchasing an additional 67,617 shares during the last quarter. GSA Capital Partners LLP raised its holdings in 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 worth $2,998,000 after buying an additional 21,694 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Babcock & Wilcox Enterprises by 8.3% during the second quarter. Renaissance Technologies LLC now owns 1,075,138 shares of the technology company's stock valued at $1,559,000 after buying an additional 82,100 shares in the last quarter. Institutional investors and hedge funds own 83.17% of the company's stock.

Analysts Set New Price Targets

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

Babcock & Wilcox Enterprises Stock Up 5.7 %

Shares of BW traded up $0.11 during trading hours on Monday, hitting $2.04. The stock had a trading volume of 566,055 shares, compared to its average volume of 1,404,083. Babcock & Wilcox Enterprises, Inc. has a 52 week low of $0.75 and a 52 week high of $2.99. The company's fifty day moving average is $2.23 and its two-hundred day moving average is $1.69.

Babcock & Wilcox Enterprises Company Profile

Babcock & Wilcox Enterprises, Inc, together with its subsidiaries, provides energy and emissions control solutions to industrial, electrical utility, municipal, and other customers worldwide. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal.