Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its holdings in shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) by 345.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,902 shares of the technology company’s stock after purchasing an additional 52,663 shares during the quarter. Tower Research Capital LLC TRC owned about 0.07% of Babcock & Wilcox Enterprises worth $111,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also 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 valued at $49,000 after purchasing an additional 10,000 shares in the last quarter. Geode Capital Management LLC raised its holdings in Babcock & Wilcox Enterprises by 2.0% in the third quarter. Geode Capital Management LLC now owns 614,043 shares of the technology company’s stock valued at $1,253,000 after acquiring an additional 12,159 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Babcock & Wilcox Enterprises in the fourth quarter valued at approximately $46,000. Barclays PLC lifted its stake in Babcock & Wilcox Enterprises by 31,891.1% in the third quarter. Barclays PLC now owns 32,311 shares of the technology company’s stock worth $66,000 after acquiring an additional 32,210 shares during the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in Babcock & Wilcox Enterprises during the 4th quarter worth approximately $57,000. Hedge funds and other institutional investors own 83.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BW shares. StockNews.com initiated coverage on shares of Babcock & Wilcox Enterprises in a research report on Sunday, May 4th. They set a “sell” rating for the company. DA Davidson cut Babcock & Wilcox Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. Finally, Lake Street Capital cut their target price on 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.

Babcock & Wilcox Enterprises Stock Performance

Babcock & Wilcox Enterprises stock opened at $0.47 on Friday. The company has a market capitalization of $45.76 million, a P/E ratio of -0.56 and a beta of 1.76. Babcock & Wilcox Enterprises, Inc. has a fifty-two week low of $0.22 and a fifty-two week high of $2.99. The stock has a 50-day simple moving average of $0.59 and a 200-day simple moving average of $1.34.

Babcock & Wilcox Enterprises (NYSE:BW) last announced its earnings results on Monday, March 31st. The technology company reported ($0.47) earnings per share 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 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.