Point72 DIFC Ltd Purchases New Position in Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

Point72 DIFC Ltd acquired a new position in shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 28,666 shares of the technology company’s stock, valued at approximately $42,000.

Other institutional investors also recently made changes to their positions in the company. CastleKnight Management LP acquired a new position in shares of Babcock & Wilcox Enterprises in the fourth quarter valued at about $744,000. Vanguard Group Inc. grew its position in shares of Babcock & Wilcox Enterprises by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 3,379,556 shares of the technology company’s stock worth $3,819,000 after purchasing an additional 352,607 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Babcock & Wilcox Enterprises by 29.3% during the first quarter. Russell Investments Group Ltd. now owns 867,520 shares of the technology company’s stock worth $980,000 after purchasing an additional 196,408 shares during the period. Aristides Capital LLC bought a new position in shares of Babcock & Wilcox Enterprises during the fourth quarter worth approximately $164,000. Finally, Marshall Wace LLP acquired a new stake in shares of Babcock & Wilcox Enterprises in the second quarter valued at approximately $157,000. Institutional investors own 83.17% of the company’s stock.

Babcock & Wilcox Enterprises Trading Up 5.0 %

NYSE BW opened at $1.90 on Monday. Babcock & Wilcox Enterprises, Inc. has a 1 year low of $0.75 and a 1 year high of $4.32. The firm has a market capitalization of $172.92 million, a price-to-earnings ratio of -0.79 and a beta of 1.72. The firm’s 50 day simple moving average is $1.29 and its 200 day simple moving average is $1.29.

Babcock & Wilcox Enterprises (NYSE:BW) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.19). The firm had revenue of $233.60 million during the quarter, compared to analysts’ expectations of $262.20 million. On average, equities research analysts forecast that Babcock & Wilcox Enterprises, Inc. will post -0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BW shares. StockNews.com upgraded Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday, August 15th. Craig Hallum increased their target price on Babcock & Wilcox Enterprises from $1.50 to $2.00 and gave the stock a “hold” rating in a report on Monday, July 8th.

Babcock & Wilcox Enterprises Company Profile

Babcock & Wilcox Enterprises, Inc, together with its subsidiaries, provides energy and emissions control solutions to industrial, electrical utility, municipal, and other customers worldwide. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal.