Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC cut its holdings in shares of Babcock & Wilcox Enterprises, Inc. (NYSE:BW) by 27.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,038,115 shares of the technology company’s stock after selling 385,514 shares during the period. AQR Capital Management LLC owned approximately 1.14% of Babcock & Wilcox Enterprises worth $1,505,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Babcock & Wilcox Enterprises during the 1st quarter valued at about $26,000. Point72 DIFC Ltd acquired a new stake in shares of Babcock & Wilcox Enterprises during the 2nd quarter valued at about $42,000. Boston Partners grew its position in shares of Babcock & Wilcox Enterprises by 16.0% during the 1st quarter. Boston Partners now owns 318,870 shares of the technology company’s stock valued at $360,000 after acquiring an additional 43,880 shares during the period. Renaissance Technologies LLC grew its position in shares of Babcock & Wilcox Enterprises by 8.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,075,138 shares of the technology company’s stock valued at $1,559,000 after acquiring an additional 82,100 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of Babcock & Wilcox Enterprises by 13.0% during the 1st quarter. Acadian Asset Management LLC now owns 744,428 shares of the technology company’s stock valued at $840,000 after acquiring an additional 85,489 shares during the period. 83.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Babcock & Wilcox Enterprises Stock Down 2.1 %

NYSE:BW opened at $2.38 on Friday. The company has a market cap of $216.61 million, a P/E ratio of -0.98 and a beta of 1.74. Babcock & Wilcox Enterprises, Inc. has a fifty-two week low of $0.75 and a fifty-two week high of $3.42. The firm’s 50 day moving average is $1.41 and its two-hundred day moving average is $1.36.

Babcock & Wilcox Enterprises (NYSE:BW) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.19). The business had revenue of $233.60 million for the quarter, compared to the consensus estimate of $262.20 million. Research analysts forecast that Babcock & Wilcox Enterprises, Inc. will post -0.03 earnings per share for the current fiscal year.

Babcock & Wilcox Enterprises 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.