Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Shares Sold by Royce & Associates LP

Royce & Associates LP lessened its holdings in shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) by 9.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,472,854 shares of the technology company’s stock after selling 150,520 shares during the period. Royce & Associates LP owned approximately 1.60% of Babcock & Wilcox Enterprises worth $3,005,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BW. Delta Financial Group Inc. boosted its stake in shares of Babcock & Wilcox Enterprises by 90.9% during the 3rd quarter. Delta Financial Group Inc. now owns 21,000 shares of the technology company’s stock worth $43,000 after acquiring an additional 10,000 shares in the last quarter. GSA Capital Partners LLP boosted its position in Babcock & Wilcox Enterprises by 1.5% during the third quarter. GSA Capital Partners LLP now owns 1,469,620 shares of the technology company’s stock worth $2,998,000 after purchasing an additional 21,694 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Babcock & Wilcox Enterprises in the first quarter valued at $26,000. Point72 DIFC Ltd purchased a new position in shares of Babcock & Wilcox Enterprises in the second quarter valued at $42,000. Finally, Verus Capital Partners LLC acquired a new position in shares of Babcock & Wilcox Enterprises during the 3rd quarter worth $73,000. Hedge funds and other institutional investors own 83.17% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Babcock & Wilcox Enterprises from a “hold” rating to a “sell” rating in a report on Monday.

Babcock & Wilcox Enterprises Stock Up 6.5 %

Shares of NYSE:BW opened at $1.89 on Tuesday. The company has a market capitalization of $177.79 million, a P/E ratio of -2.27 and a beta of 1.73. Babcock & Wilcox Enterprises, Inc. has a 52-week low of $0.75 and a 52-week high of $2.99. The stock’s fifty day simple moving average is $2.08 and its 200-day simple moving average is $1.61.

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.