Two Sigma Advisers LP Acquires New Shares in Redwire Co. (NYSE:RDW)

Two Sigma Advisers LP bought a new stake in Redwire Co. (NYSE:RDW - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,600 shares of the company's stock, valued at approximately $339,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP bought a new position in Redwire in the 4th quarter worth $33,000. Summit Investment Advisors Inc. increased its holdings in Redwire by 64.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,382 shares of the company's stock worth $39,000 after acquiring an additional 931 shares in the last quarter. Summit Securities Group LLC bought a new stake in Redwire during the 4th quarter worth approximately $63,000. Jones Financial Companies Lllp boosted its position in shares of Redwire by 45.7% in the fourth quarter. Jones Financial Companies Lllp now owns 4,372 shares of the company's stock worth $72,000 after purchasing an additional 1,372 shares during the period. Finally, US Bancorp DE purchased a new stake in shares of Redwire in the fourth quarter worth $119,000. 8.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Redwire Stock Up 8.6%

RDW traded up $1.59 during trading hours on Monday, reaching $20.04. 5,700,889 shares of the company's stock traded hands, compared to its average volume of 1,191,327. The firm has a 50-day moving average price of $11.53 and a 200 day moving average price of $14.23. The firm has a market capitalization of $1.54 billion, a PE ratio of -16.56 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, hitting the consensus estimate of ($0.20). The company had revenue of $61.40 million during the quarter, compared to analysts' expectations of $74.54 million. Equities analysts predict that Redwire Co. will post -0.85 EPS for the current fiscal year.

About Redwire

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.