Menta Capital LLC reduced its stake in Babcock (NYSE:BW) by 14.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 217,018 shares of the company’s stock after selling 35,483 shares during the period. Menta Capital LLC owned about 0.45% of Babcock worth $3,600,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BW. Legal & General Group Plc raised its stake in shares of Babcock by 113.0% in the second quarter. Legal & General Group Plc now owns 10,225 shares of the company’s stock valued at $149,000 after buying an additional 5,425 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Babcock by 1,537.7% in the second quarter. Metropolitan Life Insurance Co. NY now owns 33,508 shares of the company’s stock valued at $492,000 after buying an additional 31,462 shares in the last quarter. Numeric Investors LLC raised its stake in shares of Babcock by 9.6% in the second quarter. Numeric Investors LLC now owns 402,067 shares of the company’s stock valued at $5,906,000 after buying an additional 35,155 shares in the last quarter. Engine Capital Management LLC bought a new stake in shares of Babcock during the second quarter valued at approximately $821,000. Finally, Silvercrest Asset Management Group LLC raised its stake in shares of Babcock by 36.6% in the second quarter. Silvercrest Asset Management Group LLC now owns 2,321,066 shares of the company’s stock valued at $34,096,000 after buying an additional 622,142 shares in the last quarter.

Institutional Ownership by Quarter for Babcock (NYSE:BW)

Shares of Babcock (NYSE:BW) traded up 0.53% during trading on Thursday, reaching $17.00. 187,695 shares of the company traded hands. The company’s market capitalization is $827.65 million. Babcock has a 52 week low of $12.90 and a 52 week high of $23.99. The company’s 50-day moving average price is $16.64 and its 200-day moving average price is $16.23.

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Several research firms have recently issued reports on BW. TheStreet raised shares of Babcock from a “sell” rating to a “hold” rating in a research report on Tuesday, December 20th. Zacks Investment Research raised shares of Babcock from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Monday, January 16th.

About Babcock

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: Global Power, Global Services and Industrial Environmental.

5 Day Chart for NYSE:BW

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