Man Group plc Trims Stake in Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

Man Group plc cut its position in shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW - Free Report) by 80.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 189,653 shares of the technology company's stock after selling 786,846 shares during the quarter. Man Group plc owned about 0.20% of Babcock & Wilcox Enterprises worth $311,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Barclays PLC grew its position in shares of Babcock & Wilcox Enterprises by 195.7% during 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 period. Balyasny Asset Management L.P. acquired a new stake in Babcock & Wilcox Enterprises in the fourth quarter worth $60,000. Equitec Proprietary Markets LLC increased its stake in Babcock & Wilcox Enterprises by 1,449.3% in the fourth 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 in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Babcock & Wilcox Enterprises during the fourth quarter valued at about $46,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Babcock & Wilcox Enterprises by 561.4% during 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 in the last quarter. Institutional investors own 83.17% of the company's stock.

Babcock & Wilcox Enterprises Trading Down 4.4%

Shares of BW traded down $0.03 on Friday, reaching $0.69. 578,117 shares of the company's stock traded hands, compared to its average volume of 1,422,144. The stock's 50 day simple moving average is $0.52 and its two-hundred day simple moving average is $1.15. The stock has a market cap of $68.29 million, a PE ratio of -0.84 and a beta of 1.76. Babcock & Wilcox Enterprises, Inc. has a 52-week low of $0.22 and a 52-week high of $2.99.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BW. Lake Street Capital decreased their target price 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. DA Davidson lowered shares of Babcock & Wilcox Enterprises from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Finally, Wall Street Zen assumed coverage on Babcock & Wilcox Enterprises in a research note on Tuesday, May 20th. They set a "hold" rating on the stock.

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.