Babcock & Wilcox Enterprises, Inc. (NYSE:BW) is Equitec Proprietary Markets LLC’s 6th Largest Position

Equitec Proprietary Markets LLC boosted its holdings in Babcock & Wilcox Enterprises, Inc. (NYSE:BW) by 1,449.3% in the fourth quarter, HoldingsChannel reports. The firm owned 255,100 shares of the technology company’s stock after purchasing an additional 238,635 shares during the period. Babcock & Wilcox Enterprises comprises about 0.4% of Equitec Proprietary Markets LLC’s portfolio, making the stock its 6th largest holding. Equitec Proprietary Markets LLC’s holdings in Babcock & Wilcox Enterprises were worth $418,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BW. Assenagon Asset Management S.A. lifted its holdings in Babcock & Wilcox Enterprises by 91.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,251,498 shares of the technology company’s stock worth $4,593,000 after buying an additional 1,073,775 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Babcock & Wilcox Enterprises by 2,372.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 727,262 shares of the technology company’s stock worth $1,484,000 after buying an additional 697,845 shares during the last quarter. Marshall Wace LLP bought a new position in Babcock & Wilcox Enterprises during the 2nd quarter worth approximately $157,000. Millennium Management LLC lifted its holdings in Babcock & Wilcox Enterprises by 3.8% during the 2nd quarter. Millennium Management LLC now owns 1,852,307 shares of the technology company’s stock worth $2,686,000 after buying an additional 67,617 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in Babcock & Wilcox Enterprises during the 3rd quarter worth approximately $117,000. Hedge funds and other institutional investors own 83.17% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Babcock & Wilcox Enterprises Trading Down 4.5 %

Shares of NYSE BW opened at $1.40 on Monday. The company has a market cap of $131.58 million, a price-to-earnings ratio of -1.68 and a beta of 1.73. Babcock & Wilcox Enterprises, Inc. has a 12-month low of $0.75 and a 12-month high of $2.99. The stock’s 50 day simple moving average is $1.63 and its 200 day simple moving average is $1.71.

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.