Babcock & Wilcox Enterprises (NYSE:BW) Stock Rating Upgraded by StockNews.com

Babcock & Wilcox Enterprises (NYSE:BW) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Babcock & Wilcox Enterprises Stock Down 3.5 %

Shares of Babcock & Wilcox Enterprises stock opened at $0.87 on Thursday. The company has a market capitalization of $82.15 million, a price-to-earnings ratio of -1.05 and a beta of 1.84. Babcock & Wilcox Enterprises has a 12-month low of $0.82 and a 12-month high of $2.99. The firm’s 50-day moving average price is $1.24 and its two-hundred day moving average price is $1.68.

Institutional Investors Weigh In On Babcock & Wilcox Enterprises

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in shares of Babcock & Wilcox Enterprises in the fourth quarter worth about $27,000. Boothbay Fund Management LLC bought a new position in shares of Babcock & Wilcox Enterprises in the fourth quarter worth about $38,000. Two Sigma Advisers LP lifted its holdings in shares of Babcock & Wilcox Enterprises by 106.7% in the fourth quarter. Two Sigma Advisers LP now owns 26,734 shares of the technology company’s stock worth $44,000 after acquiring an additional 13,800 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Babcock & Wilcox Enterprises in the fourth quarter worth about $46,000. Finally, Hilltop Holdings Inc. bought a new position in shares of Babcock & Wilcox Enterprises in the third quarter worth about $49,000. 83.17% of the stock is currently owned by institutional investors and hedge funds.

About Babcock & Wilcox Enterprises

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.