Squarepoint Ops LLC Acquires Shares of 29,727 Redwire Co. (NYSE:RDW)

Squarepoint Ops LLC purchased a new position in shares of Redwire Co. (NYSE:RDW - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 29,727 shares of the company's stock, valued at approximately $489,000.

Other large investors have also recently made changes to their positions in the company. Two Sigma Advisers LP purchased a new stake in Redwire in the 4th quarter valued at about $339,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Redwire by 4.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,876 shares of the company's stock valued at $212,000 after purchasing an additional 532 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Redwire in the fourth quarter worth $4,830,000. Balyasny Asset Management L.P. acquired a new stake in shares of Redwire in the fourth quarter worth $285,000. Finally, Bank of America Corp DE grew its position in Redwire by 72.7% during the fourth quarter. Bank of America Corp DE now owns 39,717 shares of the company's stock valued at $654,000 after buying an additional 16,715 shares during the period. 8.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. B. Riley dropped their target price on shares of Redwire from $27.00 to $25.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. HC Wainwright restated a "buy" rating and issued a $26.00 price objective on shares of Redwire in a report on Wednesday, March 12th. Alliance Global Partners reiterated a "buy" rating on shares of Redwire in a report on Monday, May 12th. Cantor Fitzgerald restated an "overweight" rating and set a $28.00 price objective on shares of Redwire in a research report on Tuesday, March 11th. Finally, Wall Street Zen upgraded shares of Redwire from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $20.05.

Redwire Stock Up 4.1%

Shares of RDW traded up $0.73 during midday trading on Friday, hitting $18.41. The company had a trading volume of 2,287,703 shares, compared to its average volume of 1,173,212. The company's 50 day moving average price is $11.53 and its 200 day moving average price is $14.23. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -15.21 and a beta of 2.53. Redwire Co. has a 52 week low of $4.87 and a 52 week high of $26.66.

Redwire (NYSE:RDW - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.20) EPS for the quarter, meeting the consensus estimate of ($0.20). The business had revenue of $61.40 million during the quarter, compared to analyst estimates of $74.54 million. Equities analysts anticipate that Redwire Co. will post -0.85 EPS for the current fiscal year.

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.