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

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

Babcock & Wilcox Enterprises Stock Performance

Shares of Babcock & Wilcox Enterprises stock traded up $0.03 during midday trading on Wednesday, hitting $1.02. The company had a trading volume of 567,659 shares, compared to its average volume of 969,567. Babcock & Wilcox Enterprises has a 52-week low of $0.75 and a 52-week high of $2.99. The company has a 50 day moving average of $1.35 and a 200 day moving average of $1.70. The stock has a market capitalization of $95.73 million, a P/E ratio of -1.22 and a beta of 1.84.

Institutional Investors Weigh In On Babcock & Wilcox Enterprises

A number of institutional investors have recently made changes to their positions in BW. Two Sigma Advisers LP raised its holdings in shares of Babcock & Wilcox Enterprises by 106.7% during the fourth 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. Two Sigma Investments LP boosted its position in Babcock & Wilcox Enterprises by 181.1% in the fourth quarter. Two Sigma Investments LP now owns 97,155 shares of the technology company’s stock worth $159,000 after purchasing an additional 62,598 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of Babcock & Wilcox Enterprises during the 4th quarter valued at about $239,000. CastleKnight Management LP increased its position in shares of Babcock & Wilcox Enterprises by 7.2% during the 4th quarter. CastleKnight Management LP now owns 7,213,690 shares of the technology company’s stock valued at $11,830,000 after purchasing an additional 487,516 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in shares of Babcock & Wilcox Enterprises in the 4th quarter worth approximately $60,000. Hedge funds and other institutional investors own 83.17% of the company’s stock.

Babcock & Wilcox Enterprises Company Profile

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.