Ajo LP decreased its stake in Babcock & Wilcox Enterprises Inc. (NYSE:BW) by 24.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 52,647 shares of the company’s stock after selling 16,689 shares during the period. Ajo LP owned 0.10% of Babcock & Wilcox Enterprises worth $773,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP raised its stake in Babcock & Wilcox Enterprises by 604.9% in the second quarter. Quantbot Technologies LP now owns 8,494 shares of the company’s stock valued at $124,000 after buying an additional 7,289 shares during the period. Royal Bank of Canada raised its stake in Babcock & Wilcox Enterprises by 25.6% in the first quarter. Royal Bank of Canada now owns 10,118 shares of the company’s stock valued at $216,000 after buying an additional 2,063 shares during the period. Strs Ohio acquired a new stake in Babcock & Wilcox Enterprises during the second quarter valued at $151,000. Springbank Value Partners LP raised its stake in Babcock & Wilcox Enterprises by 34.5% in the first quarter. Springbank Value Partners LP now owns 11,700 shares of the company’s stock valued at $250,000 after buying an additional 3,000 shares during the period. Finally, Aperio Group LLC raised its stake in Babcock & Wilcox Enterprises by 12.4% in the first quarter. Aperio Group LLC now owns 13,548 shares of the company’s stock valued at $290,000 after buying an additional 1,498 shares during the period. 98.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of Babcock & Wilcox Enterprises Inc. (NYSE:BW) traded up 2.60% during midday trading on Thursday, hitting $16.60. 106,814 shares of the company’s stock traded hands. The firm’s market capitalization is $829.70 million. Babcock & Wilcox Enterprises Inc. has a 1-year low of $14.27 and a 1-year high of $23.99. The company has a 50 day moving average price of $16.43 and a 200 day moving average price of $19.06.

Babcock & Wilcox Enterprises (NYSE:BW) last announced its earnings results on Tuesday, August 9th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by $0.05. The firm earned $383.20 million during the quarter, compared to the consensus estimate of $432.54 million. Babcock & Wilcox Enterprises had a positive return on equity of 5.87% and a negative net margin of 3.04%. The business’s revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 EPS. Equities analysts anticipate that Babcock & Wilcox Enterprises Inc. will post $0.73 earnings per share for the current year.

Several equities research analysts recently weighed in on the stock. KeyCorp reiterated an “outperform” rating and set a $22.00 price objective on shares of Babcock & Wilcox Enterprises in a research note on Wednesday, August 24th. Zacks Investment Research lowered shares of Babcock & Wilcox Enterprises from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 30th.

In other news, Director Thomas A. Christopher bought 2,466 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The shares were purchased at an average price of $16.20 per share, for a total transaction of $39,949.20. Following the acquisition, the director now directly owns 4,426 shares of the company’s stock, valued at approximately $71,701.20. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman E James Ferland, Jr. bought 40,000 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The stock was purchased at an average price of $16.22 per share, for a total transaction of $648,800.00. Following the acquisition, the chairman now directly owns 173,664 shares in the company, valued at $2,816,830.08. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by corporate insiders.

About Babcock & Wilcox Enterprises

Babcock & Wilcox Enterprises, Inc is a technology-based provider of fossil and renewable power generation and environmental equipment that includes a suite of boiler products and environmental systems, and services for power and industrial uses. The Company operates in three segments: Global Power, Global Services and Industrial Environmental.

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