D. E. Shaw & Co. Inc. Lowers Stock Holdings in Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

D. E. Shaw & Co. Inc. cut its position in Babcock & Wilcox Enterprises, Inc. (NYSE:BW - Free Report) by 53.6% during the 4th 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 about 0.82% of Babcock & Wilcox Enterprises worth $1,266,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC lifted its position in Babcock & Wilcox Enterprises by 195.7% in the 4th quarter. Barclays PLC now owns 95,539 shares of the technology company's stock worth $156,000 after buying an additional 63,228 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Babcock & Wilcox Enterprises in the 4th quarter valued at $60,000. Equitec Proprietary Markets LLC grew its holdings in shares of Babcock & Wilcox Enterprises by 1,449.3% during the 4th quarter. Equitec Proprietary Markets LLC now owns 255,100 shares of the technology company's stock valued at $418,000 after purchasing an additional 238,635 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Babcock & Wilcox Enterprises in the 4th quarter worth $46,000. Finally, JPMorgan Chase & Co. increased its stake in Babcock & Wilcox Enterprises by 561.4% in the 4th quarter. JPMorgan Chase & Co. now owns 404,821 shares of the technology company's stock worth $664,000 after purchasing an additional 343,613 shares during the period. Hedge funds and other institutional investors own 83.17% of the company's stock.

Babcock & Wilcox Enterprises Stock Down 5.3%

NYSE:BW traded down $0.04 during mid-day trading on Wednesday, hitting $0.75. 149,934 shares of the stock traded hands, compared to its average volume of 1,416,205. Babcock & Wilcox Enterprises, Inc. has a 52 week low of $0.22 and a 52 week high of $2.99. The stock has a market capitalization of $73.61 million, a price-to-earnings ratio of -0.90 and a beta of 1.76. The firm's 50 day moving average is $0.53 and its two-hundred day moving average is $1.18.

Babcock & Wilcox Enterprises (NYSE:BW - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $200.80 million during the quarter, compared to the consensus estimate of $213.07 million.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. DA Davidson lowered Babcock & Wilcox Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Lake Street Capital dropped their price objective on shares of Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Finally, Wall Street Zen initiated coverage on shares of Babcock & Wilcox Enterprises in a research note on Tuesday, May 20th. They set a "hold" rating for the company.

Babcock & Wilcox Enterprises 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.