Babcock & Wilcox Enterprises (NYSE:BW) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Babcock & Wilcox Enterprises (NYSE:BW) from a sell rating to a hold rating in a research note released on Thursday morning.

Babcock & Wilcox Enterprises Price Performance

BW opened at $0.87 on Thursday. Babcock & Wilcox Enterprises has a 12 month low of $0.82 and a 12 month high of $2.99. The stock has a market capitalization of $82.15 million, a P/E ratio of -1.05 and a beta of 1.84. The business has a 50 day simple moving average of $1.24 and a 200-day simple moving average of $1.69.

Hedge Funds Weigh In On Babcock & Wilcox Enterprises

Several hedge funds have recently bought and sold shares of BW. Brightline Capital Management LLC purchased a new position in Babcock & Wilcox Enterprises in the 4th quarter valued at approximately $2,476,000. Jacobs Levy Equity Management Inc. increased its stake in Babcock & Wilcox Enterprises by 2,372.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 727,262 shares of the technology company’s stock valued at $1,484,000 after purchasing an additional 697,845 shares in the last quarter. CastleKnight Management LP increased its stake in Babcock & Wilcox Enterprises by 7.2% in the 4th quarter. CastleKnight Management LP now owns 7,213,690 shares of the technology company’s stock valued at $11,830,000 after purchasing an additional 487,516 shares in the last quarter. Marshall Wace LLP increased its stake in Babcock & Wilcox Enterprises by 809.8% in the 4th quarter. Marshall Wace LLP now owns 484,903 shares of the technology company’s stock valued at $795,000 after purchasing an additional 431,604 shares in the last quarter. Finally, 683 Capital Management LLC purchased a new position in Babcock & Wilcox Enterprises in the 4th quarter valued at approximately $667,000. 83.17% of the stock is owned by hedge funds and other institutional investors.

Babcock & Wilcox Enterprises Company Profile

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.