Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its holdings in Babcock & Wilcox Enterprises, Inc. (NYSE:BW) by 662.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,403 shares of the technology company’s stock after purchasing an additional 15,990 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Babcock & Wilcox Enterprises were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BW. SG Americas Securities LLC acquired a new stake in shares of Babcock & Wilcox Enterprises in the third quarter valued at about $130,000. Olympiad Research LP purchased a new stake in shares of Babcock & Wilcox Enterprises during the 3rd quarter worth approximately $104,000. Los Angeles Capital Management LLC acquired a new stake in shares of Babcock & Wilcox Enterprises in the 3rd quarter worth approximately $1,449,000. Assenagon Asset Management S.A. purchased a new position in Babcock & Wilcox Enterprises in the 3rd quarter valued at approximately $2,486,000. Finally, Foundry Partners LLC raised its holdings in Babcock & Wilcox Enterprises by 12.1% during the third quarter. Foundry Partners LLC now owns 311,566 shares of the technology company’s stock worth $1,312,000 after purchasing an additional 33,545 shares during the last quarter. Institutional investors and hedge funds own 83.17% of the company’s stock.

Babcock & Wilcox Enterprises Trading Up 1.9 %

NYSE:BW traded up $0.02 on Friday, reaching $1.08. The stock had a trading volume of 482,464 shares, compared to its average volume of 1,182,216. Babcock & Wilcox Enterprises, Inc. has a 12-month low of $0.75 and a 12-month high of $6.64. The stock has a market cap of $96.64 million, a P/E ratio of -0.46 and a beta of 1.41. The company has a 50-day moving average of $1.13 and a 200 day moving average of $1.45.

Babcock & Wilcox Enterprises (NYSE:BW) last released its earnings results on Thursday, March 14th. The technology company reported ($0.22) EPS for the quarter. The firm had revenue of $227.20 million during the quarter, compared to the consensus estimate of $255.20 million. On average, equities analysts predict that Babcock & Wilcox Enterprises, Inc. will post 0.35 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. DA Davidson lowered their target price on Babcock & Wilcox Enterprises from $4.00 to $3.50 and set a “buy” rating on the stock in a report on Tuesday, March 19th. Lake Street Capital dropped their price objective on Babcock & Wilcox Enterprises from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Finally, StockNews.com upgraded shares of Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a report on Friday, April 12th.

Insider Buying and Selling at Babcock & Wilcox Enterprises

In other Babcock & Wilcox Enterprises news, CEO Kenneth M. Young bought 29,229 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were bought at an average cost of $1.03 per share, with a total value of $30,105.87. Following the completion of the acquisition, the chief executive officer now owns 241,745 shares of the company’s stock, valued at $248,997.35. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought 59,229 shares of company stock worth $62,006 over the last quarter. 4.26% of the stock is owned by corporate insiders.

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.