Babcock & Wilcox Enterprises Inc (BW) Holdings Boosted by Millennium Management LLC

Millennium Management LLC raised its position in Babcock & Wilcox Enterprises Inc (NYSE:BW) by 391.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 3,604,559 shares of the technology company’s stock after purchasing an additional 2,870,839 shares during the quarter. Millennium Management LLC’s holdings in Babcock & Wilcox Enterprises were worth $8,579,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BW. Wynnefield Capital Inc. raised its stake in shares of Babcock & Wilcox Enterprises by 282.1% in the second quarter. Wynnefield Capital Inc. now owns 3,629,999 shares of the technology company’s stock worth $8,639,000 after acquiring an additional 2,679,999 shares during the last quarter. Paloma Partners Management Co bought a new position in shares of Babcock & Wilcox Enterprises in the second quarter worth about $1,362,000. Cubist Systematic Strategies LLC bought a new position in shares of Babcock & Wilcox Enterprises in the second quarter worth about $606,000. K2 Principal Fund L.P. bought a new position in shares of Babcock & Wilcox Enterprises in the second quarter worth about $890,000. Finally, Renaissance Technologies LLC bought a new position in shares of Babcock & Wilcox Enterprises in the second quarter worth about $1,092,000. Hedge funds and other institutional investors own 70.96% of the company’s stock.

BW opened at $1.06 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.18 and a debt-to-equity ratio of 3.53. Babcock & Wilcox Enterprises Inc has a fifty-two week low of $0.83 and a fifty-two week high of $7.66.

Babcock & Wilcox Enterprises (NYSE:BW) last posted its quarterly earnings results on Thursday, August 9th. The technology company reported ($0.25) earnings per share for the quarter. The business had revenue of $291.30 million for the quarter. Babcock & Wilcox Enterprises had a negative return on equity of 127.13% and a negative net margin of 42.83%.

About Babcock & Wilcox Enterprises

Babcock & Wilcox Enterprises, Inc provides fossil and renewable power generation and environmental equipment for the power and industrial markets worldwide. Its Power segment offers boiler cleaning and material handling equipment; and supercritical, subcritical, fluidized bed, chemical recovery, industrial power, package, and waste heat boilers, as well as heat recovery steam generators.

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Institutional Ownership by Quarter for Babcock & Wilcox Enterprises (NYSE:BW)

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