Babcock & Wilcox Enterprises Inc (BW) Major Shareholder Steel Partners Holdings L.P. Purchases 100,000 Shares

Babcock & Wilcox Enterprises Inc (NYSE:BW) major shareholder Steel Partners Holdings L.P. acquired 100,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were bought at an average price of $5.60 per share, with a total value of $560,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Monday, February 12th, Steel Partners Holdings L.P. acquired 41,456 shares of Babcock & Wilcox Enterprises stock. The shares were bought at an average price of $5.90 per share, with a total value of $244,590.40.

Babcock & Wilcox Enterprises Inc (NYSE:BW) traded up $0.19 during trading hours on Monday, hitting $5.99. 1,301,989 shares of the stock traded hands, compared to its average volume of 1,317,765. Babcock & Wilcox Enterprises Inc has a 1-year low of $1.61 and a 1-year high of $17.31. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $263.85 and a P/E ratio of -0.83.

Several institutional investors have recently modified their holdings of BW. Rubric Capital Management LP purchased a new position in shares of Babcock & Wilcox Enterprises during the third quarter worth $2,081,000. Royce & Associates LP purchased a new position in shares of Babcock & Wilcox Enterprises during the third quarter worth $1,562,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Babcock & Wilcox Enterprises by 55.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,042,918 shares of the technology company’s stock worth $5,924,000 after purchasing an additional 373,361 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Babcock & Wilcox Enterprises by 67.1% during the third quarter. Wells Fargo & Company MN now owns 895,970 shares of the technology company’s stock worth $2,983,000 after purchasing an additional 359,753 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Babcock & Wilcox Enterprises by 8.0% during the second quarter. Vanguard Group Inc. now owns 4,232,623 shares of the technology company’s stock worth $49,776,000 after purchasing an additional 312,969 shares during the last quarter. 65.17% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research downgraded 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 company’s stock. Babcock & Wilcox Enterprises currently has an average 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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