Sei Investments Co. boosted its position in shares of Redwire Corporation (NYSE:RDW - Free Report) by 173.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,834 shares of the company's stock after acquiring an additional 74,700 shares during the quarter. Sei Investments Co. owned 0.06% of Redwire worth $1,002,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Capelight Capital Asset Management LP purchased a new stake in shares of Redwire during the fourth quarter valued at $1,330,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Redwire in the 4th quarter worth $7,676,000. Trivest Advisors Ltd acquired a new position in shares of Redwire in the first quarter valued at about $5,398,000. Bank of New York Mellon Corp increased its holdings in shares of Redwire by 58.0% in the first quarter. Bank of New York Mellon Corp now owns 267,174 shares of the company's stock valued at $2,271,000 after purchasing an additional 98,122 shares during the period. Finally, UBS Group AG raised its stake in shares of Redwire by 140.8% in the fourth quarter. UBS Group AG now owns 2,039,902 shares of the company's stock worth $15,503,000 after purchasing an additional 1,192,885 shares during the last quarter. Institutional investors and hedge funds own 8.10% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently commented on RDW. Alliance Global Partners reiterated a "buy" rating on shares of Redwire in a research report on Thursday, August 6th. Wall Street Zen raised shares of Redwire from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Jefferies Financial Group set a $15.00 price objective on shares of Redwire in a research note on Sunday. Truist Financial raised shares of Redwire to a "strong-buy" rating in a report on Friday, May 1st. Finally, Cantor Fitzgerald increased their price objective on shares of Redwire from $9.00 to $13.50 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $14.44.
Get Our Latest Research Report on RDW
Insider Activity at Redwire
In related news, Director Ae Red Holdings, Llc sold 1,070,565 shares of the company's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $21.48, for a total transaction of $22,995,736.20. Following the completion of the transaction, the director owned 1,077,419 shares in the company, valued at $23,142,960.12. This represents a 49.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.79% of the stock is owned by corporate insiders.
Redwire Trading Down 0.1%
Shares of NYSE:RDW opened at $13.49 on Thursday. The business's 50 day moving average price is $11.83 and its 200-day moving average price is $11.37. Redwire Corporation has a 1 year low of $4.87 and a 1 year high of $26.64. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of -9.24 and a beta of 3.05. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.75 and a quick ratio of 1.37.
Redwire (NYSE:RDW - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.07. The company had revenue of $117.07 million during the quarter, compared to analyst estimates of $107.10 million. Redwire had a negative net margin of 57.26% and a negative return on equity of 12.65%. On average, equities research analysts forecast that Redwire Corporation will post -0.68 earnings per share for the current fiscal year.
Redwire Company Profile
(
Free Report)
Redwire Corporation is a space infrastructure company specializing in the design, engineering and manufacturing of mission-critical hardware and software for the spaceflight industry. The company's offerings include deployable structures, solar power systems, radio frequency antennas, advanced composites and transparent optics. Redwire serves a broad customer base that spans civil space agencies, national defense organizations and commercial satellite operators, helping enable missions ranging from communications and Earth observation to deep-space exploration.
Formed through the strategic combination of several specialized space technology firms, Redwire's portfolio encompasses both flight-proven hardware and cutting-edge in-space manufacturing capabilities.
Further Reading
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