Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Shares Purchased by Equitec Proprietary Markets LLC

Equitec Proprietary Markets LLC boosted its holdings in Babcock & Wilcox Enterprises, Inc. (NYSE:BW) by 1,449.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 255,100 shares of the technology company’s stock after purchasing an additional 238,635 shares during the quarter. Babcock & Wilcox Enterprises makes up 0.4% of Equitec Proprietary Markets LLC’s portfolio, making the stock its 6th biggest holding. Equitec Proprietary Markets LLC owned approximately 0.27% of Babcock & Wilcox Enterprises worth $418,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC increased its stake in Babcock & Wilcox Enterprises by 31,891.1% in the third quarter. Barclays PLC now owns 32,311 shares of the technology company’s stock valued at $66,000 after purchasing an additional 32,210 shares during the last quarter. Geode Capital Management LLC increased its stake in Babcock & Wilcox Enterprises by 2.0% during 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 during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Babcock & Wilcox Enterprises by 2,372.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 727,262 shares of the technology company’s stock worth $1,484,000 after acquiring an additional 697,845 shares during the last quarter. Hilltop Holdings Inc. acquired a new stake in Babcock & Wilcox Enterprises during the third quarter worth about $49,000. Finally, Walleye Capital LLC acquired a new stake in Babcock & Wilcox Enterprises during the third quarter worth about $117,000. 83.17% of the stock is currently owned by institutional investors and hedge funds.

Babcock & Wilcox Enterprises Stock Performance

BW stock opened at $1.40 on Monday. Babcock & Wilcox Enterprises, Inc. has a 1 year low of $0.75 and a 1 year high of $2.99. The firm has a market cap of $131.58 million, a P/E ratio of -1.68 and a beta of 1.73. The stock has a 50-day simple moving average of $1.63 and a 200-day simple moving average of $1.71.

Wall Street Analysts Forecast Growth

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

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.