Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Short Interest Update

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 2,200,000 shares, an increase of 22.2% from the September 15th total of 1,800,000 shares. Based on an average trading volume of 1,290,000 shares, the days-to-cover ratio is currently 1.7 days.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BW. 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. StockNews.com upgraded Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a report on Thursday, August 15th.

Hedge Funds Weigh In On Babcock & Wilcox Enterprises

Several institutional investors and hedge funds have recently bought and sold shares of BW. Delta Financial Group Inc. raised its holdings in Babcock & Wilcox Enterprises by 90.9% during the third quarter. Delta Financial Group Inc. now owns 21,000 shares of the technology company’s stock valued at $43,000 after acquiring an additional 10,000 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Babcock & Wilcox Enterprises during the first quarter worth approximately $26,000. Point72 DIFC Ltd bought a new stake in Babcock & Wilcox Enterprises during the second quarter worth approximately $42,000. Boston Partners increased its stake in Babcock & Wilcox Enterprises by 16.0% during the first quarter. Boston Partners now owns 318,870 shares of the technology company’s stock worth $360,000 after acquiring an additional 43,880 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Babcock & Wilcox Enterprises by 3.8% during the second quarter. Millennium Management LLC now owns 1,852,307 shares of the technology company’s stock worth $2,686,000 after acquiring an additional 67,617 shares during the last quarter. 83.17% of the stock is currently owned by hedge funds and other institutional investors.

Babcock & Wilcox Enterprises Trading Up 14.3 %

Babcock & Wilcox Enterprises stock opened at $2.93 on Wednesday. The firm has a market cap of $266.21 million, a price-to-earnings ratio of -1.21 and a beta of 1.74. The stock has a fifty day simple moving average of $1.49 and a two-hundred day simple moving average of $1.39. Babcock & Wilcox Enterprises has a 12 month low of $0.75 and a 12 month high of $3.12.

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

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.