Balyasny Asset Management L.P. Buys Shares of 36,711 Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

Balyasny Asset Management L.P. bought a new position in shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 36,711 shares of the technology company’s stock, valued at approximately $60,000.

Several other institutional investors also recently modified their holdings of BW. BNP Paribas Financial Markets acquired a new position in Babcock & Wilcox Enterprises in the fourth quarter valued at about $27,000. Boothbay Fund Management LLC acquired a new position in shares of Babcock & Wilcox Enterprises in the 4th quarter valued at approximately $38,000. Raymond James Financial Inc. acquired a new position in shares of Babcock & Wilcox Enterprises in the 4th quarter valued at approximately $46,000. Thompson Davis & CO. Inc. increased its stake in Babcock & Wilcox Enterprises by 50.0% during the 4th quarter. Thompson Davis & CO. Inc. now owns 30,000 shares of the technology company’s stock worth $49,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in Babcock & Wilcox Enterprises during the 4th quarter worth approximately $57,000. 83.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Babcock & Wilcox Enterprises in a report on Tuesday. They issued a “hold” rating for the company. DA Davidson lowered shares of Babcock & Wilcox Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Finally, Lake Street Capital cut their price target on Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st.

Babcock & Wilcox Enterprises Stock Up 2.8%

Shares of BW opened at $0.81 on Tuesday. Babcock & Wilcox Enterprises, Inc. has a twelve month low of $0.22 and a twelve month high of $2.99. The stock has a market capitalization of $79.93 million, a P/E ratio of -0.98 and a beta of 1.76. The company has a 50 day moving average of $0.56 and a 200-day moving average of $1.25.

Babcock & Wilcox Enterprises (NYSE:BW) last issued its quarterly earnings results on Monday, March 31st. The technology company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.42). The business had revenue of $200.80 million for the quarter, compared to analysts’ expectations of $213.07 million.

Babcock & Wilcox Enterprises Company Profile

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.