Babcock & Wilcox Enterprises, I (NYSE:BW) Takes Off in Trading Today – Up by 2.59%


Babcock & Wilcox Enterprises, I is now up by 2.59% percent from yesterday’s close giving it a place as a top gainer in the market today. More than 791,787 shares have changed hands.

Company shares last traded at $3.57 which is quite a bit higher than $3.20, the 50 day moving average and well above the 200 day moving average of $3.20. The 50 day moving average was up $0.37 and the 200 day average moved up $0.37.

Traders are more bearish on shares of Babcock & Wilcox Enterprises, I looking at the change in short interest. The stock had a rise in short interest of 47.84% as of August 31, 2017 from the last reporting period. Short shares increased from 3,155,789 to 4,665,487 over that period. The days to cover decreased to 1.0 and the percentage of shorted shares was 0.10% on August 31.

A few notable investment firms have updated their holdings. Ubs Group Ag grew its stake by buying 1,810 shares an increase of 148.2% as of 06/30/2017. Ubs Group Ag claims 3,031 shares worth $36,000. The value of the position overall is up by 227.3%. As of quarter end Nuveen Asset Management, LLC had acquired a total of 1,085,589 shares growing its position 85.6%. The value in dollars went from $11,843,000 to $27,678,000 a change of 133.7% since the last quarter.

As of the end of the quarter Two Sigma Advisers, Lp had sold 167,200 shares trimming its holdings by 38.5%. The value of the company’s investment in Babcock & Wilcox Enterprises, I decreased from $4,052,000 to $3,136,000 decreasing 22.6% for the reporting period. As of the end of the quarter Breithorn Capital Management had sold a total of 10,160 shares trimming its stake by 4.1%. The value of the investment in Babcock & Wilcox Enterprises, I went from $2,294,000 to $2,769,000 a change of $475,000 quarter over quarter.

On August 14, 2017 the stock rating was rated “Neutral” by UBS which is down from the previous “Buy” rating.

In the last earnings report the EPS was $-4.51 and is projected to be $-2.46 for the current year with 48,880,000 shares currently outstanding. Next quarter’s EPS is expected be $0.16 with next year’s EPS anticipated to be $0.38.

Babcock & Wilcox Enterprises, Inc., launched on January 13, 2015, 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. The Company specializes in technology and engineering for power generation and various other industries, the related procurement, erection and specialty manufacturing of equipment. The Company is also engaged in the provision of related services, including high-pressure equipment for energy conversion, such as boilers fueled by coal, oil, bitumen, natural gas and renewables, including municipal solid waste and biomass fuels; environmental control systems for both power generation and industrial applications to incinerate, filter, capture, recover and/or purify air, liquid and vapor-phase effluents from a range of power generation and specialty manufacturing processes; aftermarket support for the global installed base of operating plants with a range of products and technical services, including replacement parts, retrofit and upgrade capabilities, field engineering, construction, inspection, operations and maintenance, condition assessment and other technical support; gas turbine inlet and exhaust systems, custom silencers, filters and custom enclosures, and engineered-to-order services, products and systems for energy conversion around the world and related auxiliary equipment, such as burners, pulverizers, soot blowers, and ash and material handling systems..