Russell Investments Group Ltd. Acquires 373,049 Shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

Russell Investments Group Ltd. lifted its holdings in Babcock & Wilcox Enterprises, Inc. (NYSE:BW) by 28.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,702,261 shares of the technology company’s stock after buying an additional 373,049 shares during the quarter. Russell Investments Group Ltd. owned approximately 1.80% of Babcock & Wilcox Enterprises worth $2,792,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BW. Raymond James Financial Inc. purchased a new position in shares of Babcock & Wilcox Enterprises during the fourth quarter worth approximately $46,000. Thompson Davis & CO. Inc. grew its stake in Babcock & Wilcox Enterprises by 50.0% in the fourth 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 in the last quarter. Barclays PLC increased its holdings in Babcock & Wilcox Enterprises by 31,891.1% during the 3rd quarter. Barclays PLC now owns 32,311 shares of the technology company’s stock worth $66,000 after purchasing an additional 32,210 shares during the period. Charles Schwab Investment Management Inc. purchased a new position in Babcock & Wilcox Enterprises during the 4th quarter worth $84,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Babcock & Wilcox Enterprises during the 4th quarter valued at $136,000. 83.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. StockNews.com initiated coverage on Babcock & Wilcox Enterprises in a research report on Friday. They set a “sell” rating on the stock. Lake Street Capital cut their target price on shares of Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. Finally, DA Davidson lowered shares of Babcock & Wilcox Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th.

Babcock & Wilcox Enterprises Trading Down 2.7 %

Shares of NYSE:BW opened at $0.33 on Friday. The company has a market capitalization of $32.67 million, a PE ratio of -0.40 and a beta of 1.46. Babcock & Wilcox Enterprises, Inc. has a 12-month low of $0.24 and a 12-month high of $2.99. The business’s fifty day simple moving average is $0.84 and its 200-day simple moving average is $1.55.

Babcock & Wilcox Enterprises (NYSE:BW) last posted its earnings results on Monday, March 31st. The technology company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.42). The business had revenue of $200.80 million during the quarter, compared to the consensus estimate of $213.07 million.

Babcock & Wilcox Enterprises 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.