108,233 Shares in Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Bought by Marshall Wace LLP

Marshall Wace LLP acquired a new position in shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 108,233 shares of the technology company’s stock, valued at approximately $157,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Babcock & Wilcox Enterprises during the first quarter worth $26,000. Tidal Investments LLC acquired a new stake in Babcock & Wilcox Enterprises in the first quarter valued at $122,000. Boston Partners grew its holdings in Babcock & Wilcox Enterprises by 16.0% in the first quarter. Boston Partners now owns 318,870 shares of the technology company’s stock valued at $360,000 after purchasing an additional 43,880 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Babcock & Wilcox Enterprises by 13.0% in the first quarter. Acadian Asset Management LLC now owns 744,428 shares of the technology company’s stock valued at $840,000 after purchasing an additional 85,489 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Babcock & Wilcox Enterprises by 29.3% in the first quarter. Russell Investments Group Ltd. now owns 867,520 shares of the technology company’s stock valued at $980,000 after purchasing an additional 196,408 shares during the last quarter. Institutional investors and hedge funds own 83.17% of the company’s stock.

Babcock & Wilcox Enterprises Price Performance

Shares of NYSE:BW opened at $2.38 on Friday. Babcock & Wilcox Enterprises, Inc. has a 52-week low of $0.75 and a 52-week high of $3.33. The stock’s fifty day simple moving average is $1.43 and its 200-day simple moving average is $1.37. The company has a market capitalization of $216.61 million, a P/E ratio of -0.98 and a beta of 1.74.

Babcock & Wilcox Enterprises (NYSE:BW) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.19). The firm had revenue of $233.60 million during the quarter, compared to analyst estimates of $262.20 million. On average, sell-side analysts anticipate that Babcock & Wilcox Enterprises, Inc. will post -0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BW shares. StockNews.com raised Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a report on Thursday, August 15th. Craig Hallum upped their target price on Babcock & Wilcox Enterprises from $1.50 to $2.00 and gave the company a “hold” rating in a report on Monday, July 8th.

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.