Penserra Capital Management LLC Acquires 29,013 Shares of Redwire Corporation (NYSE:RDW)

Penserra Capital Management LLC boosted its stake in Redwire Corporation (NYSE:RDW - Free Report) by 37.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 107,402 shares of the company's stock after buying an additional 29,013 shares during the period. Penserra Capital Management LLC owned approximately 0.14% of Redwire worth $890,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Redwire by 8.4% in the 4th quarter. Vanguard Group Inc. now owns 1,310,660 shares of the company's stock valued at $21,573,000 after buying an additional 101,620 shares during the last quarter. Barclays PLC grew its stake in Redwire by 6.5% in the 4th quarter. Barclays PLC now owns 1,258,366 shares of the company's stock valued at $20,713,000 after buying an additional 77,228 shares during the last quarter. Federated Hermes Inc. grew its stake in Redwire by 165.7% in the 4th quarter. Federated Hermes Inc. now owns 498,275 shares of the company's stock valued at $8,202,000 after buying an additional 310,769 shares during the last quarter. Renaissance Technologies LLC grew its stake in Redwire by 22.4% in the 4th quarter. Renaissance Technologies LLC now owns 324,200 shares of the company's stock valued at $5,336,000 after buying an additional 59,400 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Redwire in the 4th quarter valued at about $4,830,000. Institutional investors and hedge funds own 8.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RDW. Truist Financial set a $16.00 price target on shares of Redwire and gave the company a "hold" rating in a research note on Thursday, June 26th. Canaccord Genuity Group began coverage on shares of Redwire in a research report on Wednesday. They set a "buy" rating and a $20.00 target price on the stock. Alliance Global Partners restated a "buy" rating on shares of Redwire in a research report on Monday, May 12th. HC Wainwright restated a "buy" rating and set a $26.00 target price on shares of Redwire in a research report on Tuesday, June 24th. Finally, Roth Capital restated a "buy" rating on shares of Redwire in a research report on Tuesday, June 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Redwire has a consensus rating of "Moderate Buy" and an average target price of $19.46.

Redwire Trading Up 8.6%

NYSE:RDW traded up $1.34 on Friday, hitting $16.99. The company had a trading volume of 3,364,805 shares, compared to its average volume of 2,346,672. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of -7.56 and a beta of 2.54. The firm has a 50 day moving average of $15.00 and a two-hundred day moving average of $14.85. Redwire Corporation has a 52 week low of $4.87 and a 52 week high of $26.66.

Redwire (NYSE:RDW - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.20) EPS for the quarter, meeting the consensus estimate of ($0.20). The company had revenue of $61.40 million during the quarter, compared to the consensus estimate of $74.54 million. As a group, equities analysts forecast that Redwire Corporation will post -0.85 EPS for the current year.

Redwire Profile

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.