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

StockNews.com cut shares of Babcock & Wilcox Enterprises (NYSE:BW) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

Babcock & Wilcox Enterprises Stock Up 1.8 %

BW opened at $0.98 on Wednesday. The firm has a 50-day simple moving average of $1.32 and a two-hundred day simple moving average of $1.69. Babcock & Wilcox Enterprises has a 52 week low of $0.75 and a 52 week high of $2.99. The company has a market capitalization of $92.52 million, a PE ratio of -1.18 and a beta of 1.84.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets bought a new position in shares of Babcock & Wilcox Enterprises during the 4th quarter valued at about $27,000. Thompson Davis & CO. Inc. bought a new position in shares of Babcock & Wilcox Enterprises during the 3rd quarter valued at about $41,000. Boothbay Fund Management LLC bought a new position in shares of Babcock & Wilcox Enterprises during the 4th quarter valued at about $38,000. Hilltop Holdings Inc. bought a new position in shares of Babcock & Wilcox Enterprises during the 3rd quarter valued at about $49,000. Finally, Two Sigma Advisers LP boosted its holdings in shares of Babcock & Wilcox Enterprises by 106.7% during the 4th quarter. Two Sigma Advisers LP now owns 26,734 shares of the technology company’s stock valued at $44,000 after purchasing an additional 13,800 shares during the last quarter. Institutional investors own 83.17% of the company’s stock.

About Babcock & Wilcox Enterprises

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.