Babcock & Wilcox Enterprises (NYSE:BW) Downgraded to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Babcock & Wilcox Enterprises (NYSE:BW) from a hold rating to a sell rating in a research note issued to investors on Monday morning.

Babcock & Wilcox Enterprises Stock Performance

BW opened at $1.90 on Monday. Babcock & Wilcox Enterprises has a one year low of $0.75 and a one year high of $2.99. The company has a market cap of $178.74 million, a price-to-earnings ratio of -2.28 and a beta of 1.73. The business’s fifty day moving average is $2.13 and its two-hundred day moving average is $1.63.

Institutional Investors Weigh In On Babcock & Wilcox Enterprises

Large investors have recently bought and sold shares of the stock. Barclays PLC grew its holdings in shares of Babcock & Wilcox Enterprises by 31,891.1% during the third quarter. Barclays PLC now owns 32,311 shares of the technology company’s stock worth $66,000 after buying an additional 32,210 shares in the last quarter. Geode Capital Management LLC grew its stake in Babcock & Wilcox Enterprises by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 614,043 shares of the technology company’s stock worth $1,253,000 after acquiring an additional 12,159 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Babcock & Wilcox Enterprises by 2,372.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 727,262 shares of the technology company’s stock valued at $1,484,000 after acquiring an additional 697,845 shares during the last quarter. Hilltop Holdings Inc. purchased a new position in Babcock & Wilcox Enterprises during the third quarter worth about $49,000. Finally, Walleye Capital LLC purchased a new position in shares of Babcock & Wilcox Enterprises during the 3rd quarter worth about $117,000. Institutional investors and hedge funds own 83.17% of the company’s stock.

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.