Lbp Am Sa Purchases 98,616 Shares of Redwire Corporation (NYSE:RDW)

LBP AM SA lifted its position in shares of Redwire Corporation (NYSE:RDW - Free Report) by 24.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 496,230 shares of the company's stock after acquiring an additional 98,616 shares during the quarter. LBP AM SA owned approximately 0.66% of Redwire worth $4,114,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RDW. Quarry LP purchased a new position in shares of Redwire in the fourth quarter worth about $33,000. Summit Investment Advisors Inc. lifted its stake in shares of Redwire by 64.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,382 shares of the company's stock valued at $39,000 after buying an additional 931 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Redwire during the 1st quarter valued at approximately $47,000. GAMMA Investing LLC lifted its stake in shares of Redwire by 69,077.8% during the 1st quarter. GAMMA Investing LLC now owns 6,226 shares of the company's stock valued at $52,000 after buying an additional 6,217 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new stake in shares of Redwire during the 4th quarter valued at approximately $63,000. Hedge funds and other institutional investors own 8.10% of the company's stock.

Redwire Price Performance

RDW stock traded down $0.13 during mid-day trading on Thursday, hitting $15.65. 3,712,981 shares of the stock were exchanged, compared to its average volume of 1,476,875. The business has a fifty day moving average price of $15.00 and a 200 day moving average price of $14.85. Redwire Corporation has a 12 month low of $4.87 and a 12 month high of $26.66. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of -6.92 and a beta of 2.54.

Redwire (NYSE:RDW - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.20). The firm had revenue of $61.40 million for 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 fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on RDW shares. Wall Street Zen cut shares of Redwire from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Canaccord Genuity Group started coverage on shares of Redwire in a research note on Wednesday. They issued a "buy" rating and a $20.00 target price on the stock. HC Wainwright reiterated a "buy" rating and issued a $26.00 target price on shares of Redwire in a research note on Tuesday, June 24th. B. Riley decreased their target price on Redwire from $27.00 to $25.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Finally, Alliance Global Partners restated a "buy" rating on shares of Redwire in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Redwire presently has an average rating of "Moderate Buy" and an average price target of $19.46.

Redwire Company 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.