Stock Traders Buy High Volume of Babcock & Wilcox Enterprises Call Options (BW)

Babcock & Wilcox Enterprises Inc (NYSE:BW) saw some unusual options trading activity on Tuesday. Investors purchased 2,086 call options on the stock. This is an increase of approximately 1,868% compared to the typical volume of 106 call options.

In other news, major shareholder Steel Partners Holdings L.P. purchased 100,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of $5.60 per share, with a total value of $560,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.50% of the stock is owned by insiders.

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

Babcock & Wilcox Enterprises (NYSE BW) opened at $6.88 on Thursday. The firm has a market cap of $303.06 and a price-to-earnings ratio of -0.96. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.17 and a quick ratio of 1.03. Babcock & Wilcox Enterprises has a one year low of $1.61 and a one year high of $17.31.

Separately, Zacks Investment Research raised shares of Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Babcock & Wilcox Enterprises has an average rating of “Hold” and an average target price of $7.18.

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About Babcock & Wilcox Enterprises

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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