Jacobs Levy Equity Management Inc. Has $187,000 Stake in Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

Jacobs Levy Equity Management Inc. lowered its position in Babcock & Wilcox Enterprises, Inc. (NYSE:BW - Free Report) by 84.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 114,251 shares of the technology company's stock after selling 613,011 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.12% of Babcock & Wilcox Enterprises worth $187,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

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

Babcock & Wilcox Enterprises Stock Down 5.9%

Shares of BW traded down $0.04 during mid-day trading on Friday, hitting $0.65. 893,129 shares of the company's stock were exchanged, compared to its average volume of 1,422,491. Babcock & Wilcox Enterprises, Inc. has a 52 week low of $0.22 and a 52 week high of $2.99. The stock's 50-day simple moving average is $0.54 and its 200-day simple moving average is $1.21. The firm has a market cap of $63.86 million, a price-to-earnings ratio of -0.78 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 business had revenue of $200.80 million during the quarter, compared to analysts' expectations of $213.07 million.

About Babcock & Wilcox Enterprises

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.