Mangrove Partners IM LLC Takes Position in Babcock $BW

Mangrove Partners IM LLC acquired a new stake in Babcock (NYSE:BW) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 92,842 shares of the technology company’s stock, valued at approximately $589,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Squarepoint Ops LLC purchased a new stake in Babcock in the 4th quarter valued at about $634,000. OMERS ADMINISTRATION Corp purchased a new stake in Babcock in the 4th quarter valued at about $244,000. Mariner LLC raised its holdings in Babcock by 10.8% in the 4th quarter. Mariner LLC now owns 16,608 shares of the technology company’s stock valued at $105,000 after buying an additional 1,620 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in Babcock in the 4th quarter valued at about $688,000. Finally, Arete Wealth Advisors LLC purchased a new stake in Babcock in the 4th quarter valued at about $150,000. 83.17% of the stock is currently owned by hedge funds and other institutional investors.

Babcock Price Performance

Shares of NYSE:BW opened at $16.71 on Wednesday. The firm has a market capitalization of $2.49 billion, a PE ratio of -18.98 and a beta of 1.10. The firm’s 50-day moving average is $17.43 and its two-hundred day moving average is $12.17. Babcock has a 1 year low of $0.87 and a 1 year high of $22.03.

Babcock (NYSE:BW) last issued its quarterly earnings results on Monday, May 11th. The technology company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.57). The business had revenue of $214.41 million for the quarter, compared to the consensus estimate of $149.72 million. Analysts expect that Babcock will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of Babcock from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Northland Securities set a $23.00 price target on Babcock in a research report on Tuesday, May 12th. Craig Hallum restated a “buy” rating and set a $19.00 price target on shares of Babcock in a research report on Tuesday, March 17th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Babcock in a research report on Monday, April 20th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $14.25.

Babcock Profile

Babcock & Wilcox Enterprises, Inc (NYSE: BW) is a specialized provider of energy and environmental technologies and services serving power generation and heavy industrial markets. The company designs, manufactures and maintains critical components and systems that support the safe and efficient operation of both fossil-fuel and renewable power facilities. Its core offerings include industrial and utility boilers, environmental control systems for emissions reduction, and aftermarket support services ranging from inspection and maintenance to spare parts management.

In addition to its boiler and emissions control portfolio, Babcock & Wilcox Enterprises delivers lifecycle solutions aimed at enhancing plant performance and compliance.