Babcock & Wilcox Enterprises, Inc. (NYSE:BW) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 197,500 shares, a decrease of 38.9% from the December 15th total of 323,100 shares. Based on an average daily volume of 214,600 shares, the days-to-cover ratio is presently 0.9 days.

In other Babcock & Wilcox Enterprises news, CEO Kenneth M. Young bought 15,000 shares of the stock in a transaction dated Friday, November 20th. The stock was bought at an average cost of $3.10 per share, for a total transaction of $46,500.00. Following the completion of the purchase, the chief executive officer now directly owns 29,240 shares of the company’s stock, valued at $90,644. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 53.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. increased its stake in Babcock & Wilcox Enterprises by 7.6% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 177,839 shares of the technology company’s stock worth $405,000 after purchasing an additional 12,558 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Babcock & Wilcox Enterprises by 3.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 137,399 shares of the technology company’s stock valued at $314,000 after buying an additional 4,641 shares during the period. Bridgeway Capital Management Inc. lifted its position in Babcock & Wilcox Enterprises by 131.6% during the 2nd quarter. Bridgeway Capital Management Inc. now owns 325,600 shares of the technology company’s stock valued at $742,000 after purchasing an additional 185,000 shares during the period. Equitec Proprietary Markets LLC bought a new position in shares of Babcock & Wilcox Enterprises during the 3rd quarter worth approximately $552,000. Finally, Equitec Specialists LLC acquired a new stake in shares of Babcock & Wilcox Enterprises during the third quarter worth $360,000. 43.28% of the stock is currently owned by institutional investors and hedge funds.

BW traded up $0.24 on Thursday, reaching $4.74. The company had a trading volume of 2,841 shares, compared to its average volume of 458,842. The stock has a 50-day moving average price of $3.89 and a 200-day moving average price of $2.86. The stock has a market capitalization of $246.52 million, a PE ratio of -39.58 and a beta of 2.77. Babcock & Wilcox Enterprises has a 1 year low of $0.77 and a 1 year high of $5.16.

Babcock & Wilcox Enterprises (NYSE:BW) last announced its quarterly earnings data on Tuesday, November 17th. The technology company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.51) by $1.33. The business had revenue of $132.50 million during the quarter.

Babcock & Wilcox Enterprises Company Profile

Babcock & Wilcox Enterprises, Inc provides fossil and renewable power generation and environmental equipment for the power and industrial markets worldwide. The company operates through three segments: Babcock & Wilcox; Vølund & Other Renewable; and SPIG. The Babcock & Wilcox segment engages in the engineering, procurement, specialty manufacturing, construction, and commissioning of new and retrofit utility boilers and industrial boilers fired with coal and natural gas; and boiler cleaning equipment and material handling equipment.

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