Contrarian Capital Management L.l.c. Lowers stake in BWX Technologies Inc (BWXT)

BWX Technologies Inc (BWXT) : Contrarian Capital Management L.l.c. reduced its stake in BWX Technologies Inc by 16.21% during the most recent quarter end. The investment management company now holds a total of 49,960 shares of BWX Technologies Inc which is valued at $1.7 Million after selling 9,663 shares in BWX Technologies Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.BWX Technologies Inc makes up approximately 1.26% of Contrarian Capital Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Assetmark Inc boosted its stake in BWXT in the latest quarter, The investment management firm added 267 additional shares and now holds a total of 307 shares of BWX Technologies Inc which is valued at $10,386.Spark Investment Management reduced its stake in BWXT by selling 29,900 shares or 67.8% in the most recent quarter. The Hedge Fund company now holds 14,200 shares of BWXT which is valued at $480,386. BWX Technologies Inc makes up approx 0.05% of Spark Investment Management’s portfolio.Convergence Investment Partners boosted its stake in BWXT in the latest quarter, The investment management firm added 11,128 additional shares and now holds a total of 91,588 shares of BWX Technologies Inc which is valued at $3.1 Million. BWX Technologies Inc makes up approx 0.37% of Convergence Investment Partners’s portfolio. Secor Capital Advisors Lp added BWXT to its portfolio by purchasing 24,451 company shares during the most recent quarter which is valued at $827,177. BWX Technologies Inc makes up approx 0.16% of Secor Capital Advisors Lp’s portfolio. Quantbot Technologies Lp added BWXT to its portfolio by purchasing 11,077 company shares during the most recent quarter which is valued at $369,861. BWX Technologies Inc makes up approx 0.06% of Quantbot Technologies Lp’s portfolio.

BWX Technologies Inc closed down -0.06 points or -0.17% at $34.85 with 7,96,957 shares getting traded on Wednesday. Post opening the session at $34.94, the shares hit an intraday low of $34.72 and an intraday high of $35.5 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, BWX Technologies Inc reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.32. The company had revenue of $364.80 million for the quarter, compared to analysts expectations of $341.80 million. The company’s revenue was up 8.7% compared to the same quarter last year.

Many Wall Street Analysts have commented on BWX Technologies Inc. BWX Technologies Inc was Initiated by Drexel Hamilton to “Hold” on Apr 1, 2016. Sidoti Initiated BWX Technologies Inc on Mar 18, 2016 to “Buy”, Price Target of the shares are set at $45.

BWX Technologies Inc. formerly The Babcock & Wilcox Company is a technology innovator in power generation systems a constructor of nuclear components and a service provider in its segments. The Company operates in five business segments: Power Generation Nuclear Operations Technical Services Nuclear Energy and mPower. The Power Generation segment supplies boilers fired with fossil fuels oil and natural gas or renewable fuels. The Nuclear Operations segment engineers design and manufacture precision naval nuclear components and reactors. The Technical Services segment provides uranium processing environmental site restoration services and management services. The mPower segment is developing the B&W mPower reactor and the associated mPower Plant.

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