Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its position in Babcock & Wilcox Enterprises, Inc. (NYSE:BW) by 67.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 729,886 shares of the technology company’s stock after selling 1,521,612 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Babcock & Wilcox Enterprises were worth $1,197,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of BW. Delta Financial Group Inc. grew its holdings in shares of Babcock & Wilcox Enterprises by 90.9% in the third quarter. Delta Financial Group Inc. now owns 21,000 shares of the technology company’s stock valued at $43,000 after purchasing an additional 10,000 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Babcock & Wilcox Enterprises by 2.0% in the third quarter. Geode Capital Management LLC now owns 614,043 shares of the technology company’s stock worth $1,253,000 after acquiring an additional 12,159 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new stake in shares of Babcock & Wilcox Enterprises during the third quarter worth $41,000. GSA Capital Partners LLP raised its stake in shares of Babcock & Wilcox Enterprises by 1.5% in the third quarter. GSA Capital Partners LLP now owns 1,469,620 shares of the technology company’s stock valued at $2,998,000 after acquiring an additional 21,694 shares in the last quarter. Finally, Hilltop Holdings Inc. purchased a new position in Babcock & Wilcox Enterprises in the third quarter valued at $49,000. 83.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd.

Babcock & Wilcox Enterprises Trading Up 1.7 %

Shares of NYSE:BW opened at $1.54 on Friday. Babcock & Wilcox Enterprises, Inc. has a 52 week low of $0.75 and a 52 week high of $2.99. The company’s 50 day moving average is $1.75 and its two-hundred day moving average is $1.75. The company has a market cap of $144.78 million, a PE ratio of -1.85 and a beta of 1.73.

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.