Babcock & Wilcox Enterprises (NYSE:BW) Rating Increased to Hold at StockNews.com

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

Babcock & Wilcox Enterprises Stock Performance

NYSE:BW traded down $0.06 during mid-day trading on Tuesday, hitting $1.91. 596,049 shares of the company’s stock traded hands, compared to its average volume of 1,268,389. Babcock & Wilcox Enterprises has a twelve month low of $0.75 and a twelve month high of $2.99. The company has a fifty day moving average of $2.21 and a 200 day moving average of $1.67. The company has a market capitalization of $179.68 million, a P/E ratio of -2.30 and a beta of 1.70.

Institutional Investors Weigh In On Babcock & Wilcox Enterprises

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BW. Vanguard Group Inc. raised its position in shares of Babcock & Wilcox Enterprises by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 3,379,556 shares of the technology company’s stock worth $3,819,000 after purchasing an additional 352,607 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Babcock & Wilcox Enterprises by 91.2% during the third quarter. Assenagon Asset Management S.A. now owns 2,251,498 shares of the technology company’s stock worth $4,593,000 after buying an additional 1,073,775 shares during the period. Millennium Management LLC lifted its position in Babcock & Wilcox Enterprises by 3.8% in the second 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 grew its stake in shares of Babcock & Wilcox Enterprises by 1.5% in 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 purchasing an additional 21,694 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Babcock & Wilcox Enterprises by 8.3% during the second quarter. Renaissance Technologies LLC now owns 1,075,138 shares of the technology company’s stock worth $1,559,000 after purchasing an additional 82,100 shares during the period. 83.17% of the stock is owned by institutional investors and hedge funds.

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.