Arrowstreet Capital Limited Partnership Purchases 263,825 Shares of Broadwind Energy, Inc. $BWEN

Key Points

• Arrowstreet Capital increased its Broadwind Energy stake by 154.3%, purchasing 263,825 additional shares to own 434,861 shares, or approximately 1.86% of the company. Institutional investors collectively own 33.27% of BWEN.
• Broadwind reported quarterly revenue of $34.06 million and adjusted its loss to $0.02 per share, beating analysts’ expected loss of $0.07 per share. Analysts project a full-year loss of $0.08 per share.
• BWEN shares opened at $4.47, compared with a 12-month range of $1.88 to $5.52. Analyst sentiment remains “Hold,” with a consensus price target of $6.00.

Arrowstreet Capital Limited Partnership grew its holdings in Broadwind Energy, Inc. (NASDAQ:BWEN - Free Report) by 154.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 434,861 shares of the industrial products company's stock after purchasing an additional 263,825 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.86% of Broadwind Energy worth $905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of BWEN. Geode Capital Management LLC grew its stake in Broadwind Energy by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 239,946 shares of the industrial products company's stock valued at $679,000 after acquiring an additional 4,332 shares during the period. Bridgeway Capital Management LLC boosted its stake in Broadwind Energy by 5.0% during the 2nd quarter. Bridgeway Capital Management LLC now owns 102,221 shares of the industrial products company's stock valued at $185,000 after purchasing an additional 4,903 shares during the last quarter. Mariner LLC increased its holdings in Broadwind Energy by 17.1% during the 4th quarter. Mariner LLC now owns 36,120 shares of the industrial products company's stock worth $102,000 after purchasing an additional 5,268 shares in the last quarter. State Street Corp increased its holdings in Broadwind Energy by 7.8% during the 4th quarter. State Street Corp now owns 80,265 shares of the industrial products company's stock worth $227,000 after purchasing an additional 5,800 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Broadwind Energy by 4.7% in the third quarter. Dimensional Fund Advisors LP now owns 226,011 shares of the industrial products company's stock worth $475,000 after purchasing an additional 10,142 shares during the last quarter. 33.27% of the stock is owned by institutional investors.

Broadwind Energy Price Performance

BWEN stock opened at $4.47 on Friday. The firm has a 50 day moving average of $4.45 and a 200-day moving average of $3.28. The company has a current ratio of 1.92, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11. Broadwind Energy, Inc. has a 12 month low of $1.88 and a 12 month high of $5.52. The firm has a market capitalization of $104.62 million, a P/E ratio of 20.32 and a beta of 1.78.

Broadwind Energy (NASDAQ:BWEN - Get Free Report) last posted its earnings results on Tuesday, May 12th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.05. Broadwind Energy had a net margin of 3.30% and a negative return on equity of 2.05%. The business had revenue of $34.06 million for the quarter, compared to analysts' expectations of $32.72 million. As a group, sell-side analysts predict that Broadwind Energy, Inc. will post -0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Weiss Ratings raised shares of Broadwind Energy from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, June 1st. Wall Street Zen lowered shares of Broadwind Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $6.00.

Broadwind Energy Profile

Broadwind Energy, Inc NASDAQ: BWEN is an engineering and manufacturing company focused on the design, production and service of heavy industrial equipment for energy infrastructure and related markets. The company's offerings include custom-engineered gearboxes, couplings, hydrodynamic drives and utility-scale wind turbine towers. In addition to new equipment, Broadwind Energy provides aftermarket repair, refurbishment and testing services to support the long-term operation of energy and industrial assets.

The company operates through two principal segments.

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