Teachers Advisors LLC Purchases 9,872 Shares of Babcock (BW)
Teachers Advisors LLC boosted its position in Babcock (NYSE:BW) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,351,709 shares of the technology company’s stock after purchasing an additional 9,872 shares during the quarter. Teachers Advisors LLC owned about 2.77% of Babcock worth $15,896,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of BW. US Bancorp DE raised its stake in Babcock by 77.2% in the 1st quarter. US Bancorp DE now owns 11,671 shares of the technology company’s stock valued at $109,000 after purchasing an additional 5,083 shares during the last quarter. Sei Investments Co. raised its stake in Babcock by 34.1% in the 2nd quarter. Sei Investments Co. now owns 11,570 shares of the technology company’s stock valued at $136,000 after purchasing an additional 2,940 shares during the last quarter. Wexford Capital LP raised its stake in Babcock by 43.9% in the 1st quarter. Wexford Capital LP now owns 14,900 shares of the technology company’s stock valued at $139,000 after purchasing an additional 4,545 shares during the last quarter. Tudor Investment Corp ET AL raised its stake in Babcock by 24.5% in the 1st quarter. Tudor Investment Corp ET AL now owns 14,930 shares of the technology company’s stock valued at $139,000 after purchasing an additional 2,937 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in Babcock in the 1st quarter valued at $169,000. 93.92% of the stock is owned by hedge funds and other institutional investors.
In related news, major shareholder Vintage Capital Management Llc acquired 1,686,945 shares of Babcock stock in a transaction dated Thursday, September 14th. The shares were acquired at an average cost of $3.10 per share, for a total transaction of $5,229,529.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is owned by corporate insiders.
BW has been the subject of several recent research reports. BidaskClub downgraded Babcock from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research raised Babcock from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Monday, July 3rd. UBS AG downgraded Babcock from a “buy” rating to a “neutral” rating and cut their target price for the stock from $13.00 to $3.00 in a research note on Monday, August 14th. Credit Suisse Group cut their target price on Babcock from $10.00 to $3.70 and set an “underperform” rating for the company in a research note on Friday, August 11th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Babcock in a research note on Friday, September 22nd. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Babcock presently has a consensus rating of “Hold” and an average price target of $7.18.
Shares of Babcock (BW) opened at 3.28 on Thursday. The firm has a 50 day moving average price of $3.20 and a 200-day moving average price of $3.20. Babcock has a 52 week low of $2.51 and a 52 week high of $17.72. The firm’s market capitalization is $160.33 million.
Babcock (NYSE:BW) last posted its earnings results on Wednesday, August 9th. The technology company reported ($2.63) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($2.68). The firm had revenue of $349.80 million for the quarter, compared to analysts’ expectations of $434.34 million. Babcock had a negative return on equity of 35.95% and a negative net margin of 14.41%. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.20) earnings per share. Equities research analysts predict that Babcock will post ($2.46) EPS for the current fiscal year.
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: Power, Renewable and Industrial.
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