Cooper Creek Partners Management LLC Makes New $15.21 Million Investment in Babcock $BW

Cooper Creek Partners Management LLC bought a new stake in shares of Babcock (NYSE:BW) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,035,050 shares of the technology company’s stock, valued at approximately $15,205,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Huntington National Bank lifted its position in shares of Babcock by 400,000.0% in the 4th quarter. Huntington National Bank now owns 4,001 shares of the technology company’s stock worth $25,000 after buying an additional 4,000 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Babcock during the 4th quarter valued at about $25,000. Centiva Capital LP acquired a new stake in Babcock during the third quarter worth about $31,000. Raymond James Financial Inc. raised its stake in Babcock by 11,311.3% during the third quarter. Raymond James Financial Inc. now owns 12,096 shares of the technology company’s stock worth $35,000 after acquiring an additional 11,990 shares during the period. Finally, Sender Co & Partners Inc. bought a new position in Babcock in the third quarter worth about $50,000. 83.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BW shares. Wall Street Zen cut Babcock from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Babcock in a research note on Friday, July 17th. Finally, Northland Securities set a $23.00 target price on Babcock in a research report on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $14.25.

Babcock Stock Down 12.1%

Shares of NYSE:BW opened at $9.67 on Friday. The company’s 50-day moving average price is $14.97 and its 200 day moving average price is $13.47. The company has a market cap of $1.44 billion, a PE ratio of -10.99 and a beta of 1.16. Babcock has a fifty-two week low of $0.87 and a fifty-two week high of $22.03.

Babcock (NYSE:BW) last posted its earnings results on Monday, May 11th. The technology company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.57). The business had revenue of $214.41 million for the quarter, compared to analysts’ expectations of $149.72 million. As a group, equities analysts anticipate that Babcock will post 0.31 EPS for the current year.

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.