Babcock & Wilcox Enterprises (NYSE:BW) Upgraded by StockNews.com to Hold Rating

Babcock & Wilcox Enterprises (NYSE:BW) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Babcock & Wilcox Enterprises Stock Performance

Shares of NYSE BW opened at $0.91 on Thursday. The firm has a market cap of $85.73 million, a PE ratio of -1.10 and a beta of 1.84. The firm has a fifty day moving average of $1.27 and a 200 day moving average of $1.69. Babcock & Wilcox Enterprises has a one year low of $0.82 and a one year high of $2.99.

Institutional Investors Weigh In On Babcock & Wilcox Enterprises

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CastleKnight Management LP increased its holdings 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 worth $11,830,000 after acquiring an additional 487,516 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Babcock & Wilcox Enterprises by 28.1% in the 4th quarter. Russell Investments Group Ltd. now owns 1,702,261 shares of the technology company’s stock worth $2,792,000 after acquiring an additional 373,049 shares in the last quarter. Brightline Capital Management LLC purchased a new stake in Babcock & Wilcox Enterprises in the 4th quarter worth $2,476,000. Heartland Advisors Inc. increased its holdings in Babcock & Wilcox Enterprises by 4.5% in the 4th quarter. Heartland Advisors Inc. now owns 1,373,500 shares of the technology company’s stock worth $2,253,000 after acquiring an additional 58,800 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Babcock & Wilcox Enterprises by 2,372.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 727,262 shares of the technology company’s stock worth $1,484,000 after buying an additional 697,845 shares in the last quarter. Hedge funds and other institutional investors own 83.17% of the company’s stock.

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.