StockNews.com Downgrades Babcock & Wilcox Enterprises (NYSE:BW) to Sell

Babcock & Wilcox Enterprises (NYSE:BW) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Babcock & Wilcox Enterprises Price Performance

Shares of BW stock traded up $0.03 during trading hours on Wednesday, reaching $1.02. 567,659 shares of the company traded hands, compared to its average volume of 969,567. The firm has a 50-day moving average price of $1.35 and a 200 day moving average price of $1.70. The company has a market cap of $95.73 million, a P/E ratio of -1.22 and a beta of 1.84. Babcock & Wilcox Enterprises has a 12-month low of $0.75 and a 12-month high of $2.99.

Institutional Trading of Babcock & Wilcox Enterprises

Several institutional investors and hedge funds have recently modified their holdings of the company. CastleKnight Management LP increased its stake 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 buying an additional 487,516 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Babcock & Wilcox Enterprises by 28.1% in the fourth 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 during the period. Brightline Capital Management LLC purchased a new stake in shares of Babcock & Wilcox Enterprises during the fourth quarter worth about $2,476,000. Heartland Advisors Inc. raised its stake in Babcock & Wilcox Enterprises by 4.5% during the 4th quarter. Heartland Advisors Inc. now owns 1,373,500 shares of the technology company’s stock valued at $2,253,000 after purchasing an additional 58,800 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Babcock & Wilcox Enterprises by 2,372.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 727,262 shares of the technology company’s stock worth $1,484,000 after purchasing an additional 697,845 shares in the last quarter. 83.17% of the stock is currently owned by institutional investors.

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.