Value Holdings Lp buys $546,156 stake in Babcock & Wilcox Enterprises Inc (BW)

Babcock & Wilcox Enterprises Inc (BW) : Value Holdings Lp scooped up 4,537 additional shares in Babcock & Wilcox Enterprises Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 35,837 shares of Babcock & Wilcox Enterprises Inc which is valued at $546,156.Babcock & Wilcox Enterprises Inc makes up approximately 0.34% of Value Holdings Lp’s portfolio.

Other Hedge Funds, Including , Ngam Advisors reduced its stake in BW by selling 28,322 shares or 15.5% in the most recent quarter. The Hedge Fund company now holds 154,345 shares of BW which is valued at $2,352,218. Babcock & Wilcox Enterprises Inc makes up approx 0.03% of Ngam Advisors’s portfolio.American Century Companies Inc reduced its stake in BW by selling 64,954 shares or 10.5% in the most recent quarter. The Hedge Fund company now holds 553,756 shares of BW which is valued at $8,583,218. Babcock & Wilcox Enterprises Inc makes up approx 0.01% of American Century Companies Inc’s portfolio.Nordea Investment Management Ab boosted its stake in BW in the latest quarter, The investment management firm added 52,500 additional shares and now holds a total of 125,450 shares of Babcock & Wilcox Enterprises Inc which is valued at $1,983,365. Babcock & Wilcox Enterprises Inc makes up approx 0.01% of Nordea Investment Management Ab’s portfolio.Creative Planning boosted its stake in BW in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 122 shares of Babcock & Wilcox Enterprises Inc which is valued at $1,868.

Babcock & Wilcox Enterprises Inc closed down -0.14 points or -0.92% at $15.1 with 4,12,633 shares getting traded on Thursday. Post opening the session at $15.18, the shares hit an intraday low of $14.94 and an intraday high of $15.18 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Babcock & Wilcox Enterprises Inc reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.21. The company had revenue of $404.10 million for the quarter, compared to analysts expectations of $402.60 million. The company’s revenue was up 1.7% compared to the same quarter last year.

Babcock & Wilcox Enterprises Inc. is engaged in engineering manufacturing procurement and erection of equipment and technology which is used in the power generation industry and other industries. The Company is a technology-based provider of fossil and renewable power generation equipment which includes boiler products and environmental systems and services for power and industrial uses. It operates through three segments including Global Power which consists of boiler and environmental products businesses that serves large steam generating and industrial customers; Global Services which provides a mix of products and services to support availability of steam generating and associated environmental and auxiliary equipment that serve steam generating utility and industrial customers and Industrial Environmental which represents its environmental products and services business which serves industrial end markets such as chemical and pharmaceutical among others.

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