D. E. Shaw & Co. Inc. Sells 890,351 Shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

D. E. Shaw & Co. Inc. lowered its holdings in shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW - Free Report) by 53.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 772,100 shares of the technology company's stock after selling 890,351 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.82% of Babcock & Wilcox Enterprises worth $1,266,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of BW. Brightline Capital Management LLC bought a new stake in Babcock & Wilcox Enterprises during the 4th quarter worth approximately $2,476,000. CastleKnight Management LP boosted its holdings in shares of Babcock & Wilcox Enterprises by 7.2% in the fourth quarter. CastleKnight Management LP now owns 7,213,690 shares of the technology company's stock valued at $11,830,000 after buying an additional 487,516 shares during the period. Marshall Wace LLP increased its position in shares of Babcock & Wilcox Enterprises by 809.8% during the fourth quarter. Marshall Wace LLP now owns 484,903 shares of the technology company's stock worth $795,000 after acquiring an additional 431,604 shares in the last quarter. 683 Capital Management LLC bought a new stake in shares of Babcock & Wilcox Enterprises during the fourth quarter worth $667,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Babcock & Wilcox Enterprises by 28.1% during the fourth quarter. Russell Investments Group Ltd. now owns 1,702,261 shares of the technology company's stock worth $2,792,000 after acquiring an additional 373,049 shares during the period. Institutional investors own 83.17% of the company's stock.

Babcock & Wilcox Enterprises Trading Down 6.2%

Babcock & Wilcox Enterprises stock opened at $0.69 on Friday. Babcock & Wilcox Enterprises, Inc. has a 1-year low of $0.22 and a 1-year high of $2.99. The company has a fifty day simple moving average of $0.54 and a 200 day simple moving average of $1.23. The company has a market cap of $67.86 million, a P/E ratio of -0.83 and a beta of 1.76.

Babcock & Wilcox Enterprises (NYSE:BW - Get Free Report) last posted its quarterly earnings data on Monday, March 31st. The technology company reported ($0.47) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.42). The firm had revenue of $200.80 million for the quarter, compared to the consensus estimate of $213.07 million.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. DA Davidson cut Babcock & Wilcox Enterprises from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Lake Street Capital reduced their price objective on Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Finally, Wall Street Zen began coverage on Babcock & Wilcox Enterprises in a research report on Tuesday. They issued a "hold" rating on the stock.

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.

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