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 report released on Thursday morning.

Babcock & Wilcox Enterprises Stock Up 0.3 %

Babcock & Wilcox Enterprises stock opened at $0.90 on Thursday. The firm has a fifty day moving average of $1.26 and a 200-day moving average of $1.68. The firm has a market capitalization of $85.17 million, a P/E ratio of -1.09 and a beta of 1.84. Babcock & Wilcox Enterprises has a 52-week low of $0.82 and a 52-week high of $2.99.

Institutional Investors Weigh In On Babcock & Wilcox Enterprises

A number of large investors have recently added to or reduced their stakes in the company. Two Sigma Advisers LP grew its holdings in Babcock & Wilcox Enterprises by 106.7% during the 4th quarter. Two Sigma Advisers LP now owns 26,734 shares of the technology company’s stock valued at $44,000 after purchasing an additional 13,800 shares in the last quarter. Two Sigma Investments LP grew its holdings in Babcock & Wilcox Enterprises by 181.1% during the 4th quarter. Two Sigma Investments LP now owns 97,155 shares of the technology company’s stock valued at $159,000 after purchasing an additional 62,598 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Babcock & Wilcox Enterprises during the 4th quarter valued at $239,000. CastleKnight Management LP grew its holdings in Babcock & Wilcox Enterprises by 7.2% during 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. Finally, Balyasny Asset Management L.P. acquired a new stake in Babcock & Wilcox Enterprises during the 4th quarter valued at $60,000. 83.17% of the stock is owned by institutional investors and hedge funds.

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.