SG Americas Securities LLC Has $103,000 Stake in Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

SG Americas Securities LLC boosted its holdings in Babcock & Wilcox Enterprises, Inc. (NYSE:BW) by 128.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,354 shares of the technology company’s stock after buying an additional 39,557 shares during the period. SG Americas Securities LLC owned approximately 0.08% of Babcock & Wilcox Enterprises worth $103,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. B. Riley Asset Management LLC acquired a new position in shares of Babcock & Wilcox Enterprises during the 1st quarter worth about $12,500,000. Vanguard Group Inc. grew its holdings in Babcock & Wilcox Enterprises by 23.5% during the third quarter. Vanguard Group Inc. now owns 3,284,462 shares of the technology company’s stock valued at $20,955,000 after purchasing an additional 625,418 shares during the period. Assenagon Asset Management S.A. bought a new stake in Babcock & Wilcox Enterprises in the third quarter valued at approximately $2,486,000. Gendell Jeffrey L raised its holdings in Babcock & Wilcox Enterprises by 728.5% in the third quarter. Gendell Jeffrey L now owns 579,937 shares of the technology company’s stock worth $2,442,000 after purchasing an additional 509,937 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in Babcock & Wilcox Enterprises in the third quarter worth $1,449,000. 83.17% of the stock is owned by institutional investors.

Babcock & Wilcox Enterprises Price Performance

BW opened at $0.93 on Friday. The company has a market capitalization of $83.22 million, a price-to-earnings ratio of -0.39 and a beta of 1.36. The business’s 50-day moving average price is $1.17 and its two-hundred day moving average price is $1.60. Babcock & Wilcox Enterprises, Inc. has a 1 year low of $0.75 and a 1 year high of $6.64.

Babcock & Wilcox Enterprises (NYSE:BW) last announced its earnings results on Thursday, March 14th. The technology company reported ($0.22) earnings per share (EPS) for the quarter. The company had revenue of $227.20 million during the quarter, compared to analyst estimates of $255.20 million. Sell-side analysts anticipate that Babcock & Wilcox Enterprises, Inc. will post 0.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on BW shares. DA Davidson lowered their price objective on shares of Babcock & Wilcox Enterprises from $4.00 to $3.50 and set a “buy” rating for the company in a research report on Tuesday, March 19th. Lake Street Capital lowered their price target on Babcock & Wilcox Enterprises from $11.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Finally, StockNews.com upgraded Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a report on Friday, April 12th.

Insider Transactions at Babcock & Wilcox Enterprises

In other Babcock & Wilcox Enterprises news, CEO Kenneth M. Young purchased 29,229 shares of the stock in a transaction on Wednesday, March 20th. The shares were purchased at an average cost of $1.03 per share, for a total transaction of $30,105.87. Following the purchase, the chief executive officer now owns 241,745 shares of the company’s stock, valued at $248,997.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 59,229 shares of company stock valued at $62,006 over the last 90 days. 4.26% of the stock is owned by corporate insiders.

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.