AMH Equity Ltd Purchases New Position in Babcock $BW

AMH Equity Ltd acquired a new stake in shares of Babcock (NYSE:BW) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 704,145 shares of the technology company’s stock, valued at approximately $2,042,000. Babcock makes up about 2.5% of AMH Equity Ltd’s portfolio, making the stock its 10th biggest position. AMH Equity Ltd owned approximately 0.70% of Babcock at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quinn Opportunity Partners LLC grew its stake in Babcock by 200.0% in the second quarter. Quinn Opportunity Partners LLC now owns 90,000 shares of the technology company’s stock worth $87,000 after purchasing an additional 60,000 shares during the period. Marshall Wace LLP grew its holdings in Babcock by 93.0% in the second quarter. Marshall Wace LLP now owns 395,945 shares of the technology company’s stock worth $380,000 after purchasing an additional 190,814 shares during the period. Gendell Jeffrey L lifted its holdings in shares of Babcock by 49.2% during the second quarter. Gendell Jeffrey L now owns 2,574,848 shares of the technology company’s stock valued at $2,477,000 after purchasing an additional 849,602 shares during the last quarter. Nomura Holdings Inc. raised its stake in Babcock by 58.2% during the second quarter. Nomura Holdings Inc. now owns 127,382 shares of the technology company’s stock valued at $123,000 after buying an additional 46,884 shares during the last quarter. Finally, Shikiar Asset Management Inc. purchased a new stake in shares of Babcock in the third quarter worth $138,000. Hedge funds and other institutional investors own 83.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BW shares. Wall Street Zen raised shares of Babcock from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. DA Davidson increased their target price on Babcock from $1.50 to $6.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Babcock in a report on Wednesday, October 8th. Lake Street Capital reaffirmed a “buy” rating and set a $9.00 price target on shares of Babcock in a report on Wednesday, November 5th. Finally, Craig Hallum upgraded Babcock from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a report on Wednesday, November 5th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Babcock presently has an average rating of “Hold” and a consensus price target of $7.33.

Babcock Stock Up 0.7%

NYSE:BW opened at $8.37 on Friday. The business’s 50-day simple moving average is $6.31 and its two-hundred day simple moving average is $3.72. Babcock has a 52 week low of $0.22 and a 52 week high of $8.83. The stock has a market cap of $929.91 million, a PE ratio of -6.44 and a beta of 1.43.

Babcock (NYSE:BW) last released its earnings results on Tuesday, November 4th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.04. The business had revenue of $149.00 million for the quarter, compared to analysts’ expectations of $155.57 million.

About Babcock

Babcock & Wilcox Enterprises, Inc (NYSE: BW) is a specialized provider of energy and environmental technologies and services serving power generation and heavy industrial markets. The company designs, manufactures and maintains critical components and systems that support the safe and efficient operation of both fossil-fuel and renewable power facilities. Its core offerings include industrial and utility boilers, environmental control systems for emissions reduction, and aftermarket support services ranging from inspection and maintenance to spare parts management.

In addition to its boiler and emissions control portfolio, Babcock & Wilcox Enterprises delivers lifecycle solutions aimed at enhancing plant performance and compliance.