AQR Capital Management LLC Sells 385,514 Shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

AQR Capital Management LLC lowered its holdings in shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW - Free Report) by 27.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,038,115 shares of the technology company's stock after selling 385,514 shares during the quarter. AQR Capital Management LLC owned approximately 1.14% of Babcock & Wilcox Enterprises worth $1,505,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Babcock & Wilcox Enterprises in the 2nd quarter worth $130,000. Point72 DIFC Ltd purchased a new position in shares of Babcock & Wilcox Enterprises during the 2nd quarter valued at about $42,000. Marshall Wace LLP bought a new position in shares of Babcock & Wilcox Enterprises during the 2nd quarter valued at approximately $157,000. Renaissance Technologies LLC increased its holdings in Babcock & Wilcox Enterprises by 8.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,075,138 shares of the technology company's stock worth $1,559,000 after acquiring an additional 82,100 shares in the last quarter. Finally, Boston Partners increased its holdings in Babcock & Wilcox Enterprises by 16.0% in the 1st quarter. Boston Partners now owns 318,870 shares of the technology company's stock worth $360,000 after acquiring an additional 43,880 shares in the last quarter. Institutional investors own 83.17% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BW shares. StockNews.com upgraded shares of Babcock & Wilcox Enterprises from a "sell" rating to a "hold" rating in a research report on Thursday, August 15th. Craig Hallum lifted their target price on Babcock & Wilcox Enterprises from $1.50 to $2.00 and gave the company a "hold" rating in a research note on Monday, July 8th.

Babcock & Wilcox Enterprises Price Performance

NYSE BW remained flat at $2.38 on Friday. 2,316,895 shares of the company's stock were exchanged, compared to its average volume of 1,410,933. The stock has a market cap of $219.44 million, a PE ratio of -1.10 and a beta of 1.74. Babcock & Wilcox Enterprises, Inc. has a one year low of $0.75 and a one year high of $3.33. The stock's 50 day moving average is $1.41 and its 200 day moving average is $1.36.

Babcock & Wilcox Enterprises (NYSE:BW - Get Free Report) last issued its earnings results on Thursday, August 8th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.19). The firm had revenue of $233.60 million during the quarter, compared to analysts' expectations of $262.20 million. Equities research analysts expect that Babcock & Wilcox Enterprises, Inc. will post -0.03 earnings per share for the current fiscal year.

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.