Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Holdings Lowered by Acadian Asset Management LLC

Acadian Asset Management LLC trimmed its stake in shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) by 7.3% during the second quarter, Holdings Channel reports. The institutional investor owned 689,946 shares of the technology company’s stock after selling 54,482 shares during the period. Acadian Asset Management LLC’s holdings in Babcock & Wilcox Enterprises were worth $998,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Boston Partners grew its stake in shares of Babcock & Wilcox Enterprises by 16.0% in the 1st quarter. Boston Partners now owns 318,870 shares of the technology company’s stock worth $360,000 after purchasing an additional 43,880 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Babcock & Wilcox Enterprises in the 1st quarter worth approximately $122,000. Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 352,607 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Babcock & Wilcox Enterprises by 29.3% in the 1st quarter. Russell Investments Group Ltd. now owns 867,520 shares of the technology company’s stock worth $980,000 after purchasing an additional 196,408 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Babcock & Wilcox Enterprises in the 1st quarter worth approximately $26,000. 83.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BW has been the topic of several analyst reports. StockNews.com raised shares of Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th. Craig Hallum lifted their target price on shares of Babcock & Wilcox Enterprises from $1.50 to $2.00 and gave the stock a “hold” rating in a research report on Monday, July 8th.

Babcock & Wilcox Enterprises Price Performance

Babcock & Wilcox Enterprises stock opened at $1.23 on Tuesday. The firm’s 50 day simple moving average is $1.35 and its 200-day simple moving average is $1.28. The company has a market cap of $113.41 million, a P/E ratio of -0.51 and a beta of 1.72. Babcock & Wilcox Enterprises, Inc. has a fifty-two week low of $0.75 and a fifty-two week high of $5.01.

Babcock & Wilcox Enterprises (NYSE:BW) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.19). The company had revenue of $233.60 million for the quarter, compared to analysts’ expectations of $262.20 million. On average, analysts expect that Babcock & Wilcox Enterprises, Inc. will post -0.03 EPS for the current fiscal year.

Babcock & Wilcox Enterprises 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.