Babcock & Wilcox Enterprises (NYSE:BW) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Babcock & Wilcox Enterprises (NYSE:BW) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.

Babcock & Wilcox Enterprises Trading Up 1.8 %

Shares of NYSE BW opened at $0.98 on Wednesday. The firm’s 50-day moving average price is $1.32 and its 200-day moving average price is $1.69. The stock has a market capitalization of $92.52 million, a price-to-earnings ratio of -1.18 and a beta of 1.84. Babcock & Wilcox Enterprises has a 12-month low of $0.75 and a 12-month high of $2.99.

Institutional Trading of Babcock & Wilcox Enterprises

Several hedge funds have recently made changes to their positions in the business. Thompson Davis & CO. Inc. raised its position in Babcock & Wilcox Enterprises by 50.0% in the 4th quarter. Thompson Davis & CO. Inc. now owns 30,000 shares of the technology company’s stock worth $49,000 after purchasing an additional 10,000 shares during the period. Geode Capital Management LLC raised its position in Babcock & Wilcox Enterprises by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 614,043 shares of the technology company’s stock worth $1,253,000 after purchasing an additional 12,159 shares during the period. Two Sigma Advisers LP raised its position 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 purchasing an additional 13,800 shares during the period. BNP Paribas Financial Markets purchased a new stake in Babcock & Wilcox Enterprises in the 4th quarter worth about $27,000. Finally, Northern Trust Corp raised its position in Babcock & Wilcox Enterprises by 13.8% in the 4th quarter. Northern Trust Corp now owns 146,996 shares of the technology company’s stock worth $241,000 after purchasing an additional 17,860 shares during the period. 83.17% of the stock is currently owned by hedge funds and other institutional investors.

About Babcock & Wilcox Enterprises

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.