Assenagon Asset Management S.A. Boosts Stake in Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

Assenagon Asset Management S.A. grew its position in shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW - Free Report) by 91.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,251,498 shares of the technology company's stock after purchasing an additional 1,073,775 shares during the period. Assenagon Asset Management S.A. owned about 2.47% of Babcock & Wilcox Enterprises worth $4,593,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Babcock & Wilcox Enterprises in the 1st quarter valued at about $26,000. Point72 DIFC Ltd bought a new stake in shares of Babcock & Wilcox Enterprises in the 2nd quarter valued at about $42,000. Delta Financial Group Inc. lifted its stake in shares of Babcock & Wilcox Enterprises by 90.9% in the 3rd quarter. Delta Financial Group Inc. now owns 21,000 shares of the technology company's stock valued at $43,000 after acquiring an additional 10,000 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Babcock & Wilcox Enterprises in the 1st quarter valued at about $122,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Babcock & Wilcox Enterprises in the 2nd quarter valued at about $130,000. Institutional investors own 83.17% of the company's stock.

Babcock & Wilcox Enterprises Price Performance

BW traded down $0.05 during midday trading on Wednesday, reaching $2.37. 703,264 shares of the company's stock traded hands, compared to its average volume of 1,428,947. The firm has a fifty day moving average of $1.81 and a two-hundred day moving average of $1.50. The stock has a market capitalization of $215.70 million, a price-to-earnings ratio of -0.98 and a beta of 1.74. Babcock & Wilcox Enterprises, Inc. has a 52 week low of $0.75 and a 52 week high of $2.99.

Babcock & Wilcox Enterprises (NYSE:BW - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The technology company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.19). The business had revenue of $233.60 million during the quarter, compared to analyst estimates of $262.20 million. Sell-side analysts forecast that Babcock & Wilcox Enterprises, Inc. will post -0.03 EPS for the current year.

Analyst Ratings Changes

BW has been the subject of a number of recent research reports. StockNews.com raised Babcock & Wilcox Enterprises from a "sell" rating to a "hold" rating in a research note on Thursday, August 15th. Craig Hallum upped their price target on Babcock & Wilcox Enterprises from $1.50 to $2.00 and gave the company a "hold" rating in a research report on Monday, July 8th.

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.