Babcock & Wilcox Enterprises (NYSE:BW) Downgraded to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Babcock & Wilcox Enterprises (NYSE:BW) from a hold rating to a sell rating in a research report report published on Monday morning.

Babcock & Wilcox Enterprises Trading Up 6.5 %

Shares of BW stock opened at $1.89 on Monday. The firm has a market capitalization of $177.79 million, a P/E ratio of -2.27 and a beta of 1.73. Babcock & Wilcox Enterprises has a 1 year low of $0.75 and a 1 year high of $2.99. The firm’s fifty day simple moving average is $2.08 and its 200 day simple moving average is $1.61.

Hedge Funds Weigh In On Babcock & Wilcox Enterprises

Hedge funds and other institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. raised its position in Babcock & Wilcox Enterprises by 91.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,251,498 shares of the technology company’s stock valued at $4,593,000 after purchasing an additional 1,073,775 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Babcock & Wilcox Enterprises by 11.6% in the first quarter. Vanguard Group Inc. now owns 3,379,556 shares of the technology company’s stock valued at $3,819,000 after buying an additional 352,607 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Babcock & Wilcox Enterprises by 29.3% during the 1st quarter. Russell Investments Group Ltd. now owns 867,520 shares of the technology company’s stock worth $980,000 after buying an additional 196,408 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Babcock & Wilcox Enterprises during the 1st quarter worth about $26,000. Finally, Boston Partners increased its position in Babcock & Wilcox Enterprises by 16.0% in the 1st quarter. Boston Partners now owns 318,870 shares of the technology company’s stock valued at $360,000 after acquiring an additional 43,880 shares in the last quarter. Institutional investors own 83.17% of the company’s stock.

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.