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

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

Babcock & Wilcox Enterprises Stock Up 6.5 %

Shares of NYSE:BW traded up $0.12 during trading on Monday, hitting $1.89. 1,113,792 shares of the company traded hands, compared to its average volume of 1,437,475. The stock has a market capitalization of $177.79 million, a price-to-earnings ratio of -2.27 and a beta of 1.73. The business’s fifty day moving average is $2.08 and its 200-day moving average is $1.61. Babcock & Wilcox Enterprises has a one year low of $0.75 and a one year high of $2.99.

Hedge Funds Weigh In On Babcock & Wilcox Enterprises

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Babcock & Wilcox Enterprises by 11.6% in the 1st quarter. Vanguard Group Inc. now owns 3,379,556 shares of the technology company’s stock worth $3,819,000 after buying an additional 352,607 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Babcock & Wilcox Enterprises by 91.2% during 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 in the last quarter. Millennium Management LLC lifted its position in shares of Babcock & Wilcox Enterprises by 3.8% during the 2nd quarter. Millennium Management LLC now owns 1,852,307 shares of the technology company’s stock valued at $2,686,000 after acquiring an additional 67,617 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of Babcock & Wilcox Enterprises by 1.5% during the 3rd quarter. GSA Capital Partners LLP now owns 1,469,620 shares of the technology company’s stock valued at $2,998,000 after acquiring an additional 21,694 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Babcock & Wilcox Enterprises by 8.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,075,138 shares of the technology company’s stock valued at $1,559,000 after acquiring an additional 82,100 shares during the last quarter. 83.17% of the stock is owned by institutional investors.

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.