Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Shares Sold by Balboa Wealth Partners

Balboa Wealth Partners reduced its stake in Babcock & Wilcox Enterprises, Inc. (NYSE:BW) by 28.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,960 shares of the technology company’s stock after selling 6,750 shares during the period. Balboa Wealth Partners’ holdings in Babcock & Wilcox Enterprises were worth $35,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in Babcock & Wilcox Enterprises in the first quarter valued at about $26,000. Point72 DIFC Ltd bought a new position in shares of Babcock & Wilcox Enterprises in the 2nd quarter worth about $42,000. Delta Financial Group Inc. boosted its holdings in shares of Babcock & Wilcox Enterprises by 90.9% in the 3rd quarter. Delta Financial Group Inc. now owns 21,000 shares of the technology company’s stock valued at $43,000 after buying an additional 10,000 shares during the period. Verus Capital Partners LLC bought a new stake in shares of Babcock & Wilcox Enterprises during the 3rd quarter valued at about $73,000. Finally, Tidal Investments LLC bought a new position in Babcock & Wilcox Enterprises in the first quarter worth about $122,000. 83.17% of the stock is owned by hedge funds and other institutional investors.

Babcock & Wilcox Enterprises Trading Down 3.8 %

Shares of BW stock opened at $1.77 on Friday. The stock’s fifty day simple moving average is $2.07 and its 200-day simple moving average is $1.60. The company has a market capitalization of $166.95 million, a price-to-earnings ratio of -2.13 and a beta of 1.73. Babcock & Wilcox Enterprises, Inc. has a 1-year low of $0.75 and a 1-year high of $2.99.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a report on Thursday, August 15th.

About Babcock & Wilcox Enterprises

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.