Babcock & Wilcox Enterprises Inc (NYSE:BW) major shareholder Steel Partners Holdings L.P. bought 41,456 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average price of $5.90 per share, with a total value of $244,590.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Steel Partners Holdings L.P. also recently made the following trade(s):

  • On Thursday, February 8th, Steel Partners Holdings L.P. bought 100,000 shares of Babcock & Wilcox Enterprises stock. The stock was bought at an average price of $5.60 per share, with a total value of $560,000.00.

Shares of Babcock & Wilcox Enterprises Inc (NYSE BW) opened at $6.88 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 0.67. Babcock & Wilcox Enterprises Inc has a 12 month low of $1.61 and a 12 month high of $17.31.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its stake in Babcock & Wilcox Enterprises by 30.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,330 shares of the technology company’s stock valued at $110,000 after acquiring an additional 2,200 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Babcock & Wilcox Enterprises by 7.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 39,060 shares of the technology company’s stock valued at $459,000 after acquiring an additional 2,756 shares during the period. Voya Investment Management LLC lifted its stake in Babcock & Wilcox Enterprises by 14.2% during the 2nd quarter. Voya Investment Management LLC now owns 22,222 shares of the technology company’s stock valued at $261,000 after acquiring an additional 2,760 shares during the period. Swiss National Bank lifted its stake in Babcock & Wilcox Enterprises by 9.9% during the 2nd quarter. Swiss National Bank now owns 82,400 shares of the technology company’s stock valued at $969,000 after acquiring an additional 7,400 shares during the period. Finally, Virtu KCG Holdings LLC acquired a new stake in Babcock & Wilcox Enterprises during the 2nd quarter valued at approximately $186,000. Institutional investors and hedge funds own 65.17% of the company’s stock.

Separately, Zacks Investment Research cut shares of Babcock & Wilcox Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $7.18.

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Babcock & Wilcox Enterprises Company Profile

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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