Two Sigma Investments LP Sells 45,561 Shares of Redwire Co. (NYSE:RDW)

Two Sigma Investments LP lowered its stake in Redwire Co. (NYSE:RDW - Free Report) by 23.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,369 shares of the company's stock after selling 45,561 shares during the period. Two Sigma Investments LP owned 0.22% of Redwire worth $2,459,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RDW. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Redwire by 4.3% in the fourth 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 during the last quarter. JPMorgan Chase & Co. boosted its position in Redwire by 7.8% during the 4th quarter. JPMorgan Chase & Co. now owns 10,854 shares of the company's stock worth $179,000 after buying an additional 782 shares during the period. Summit Investment Advisors Inc. grew its holdings in Redwire by 64.2% during 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 during the last quarter. Jones Financial Companies Lllp increased its position in Redwire by 45.7% in the 4th quarter. Jones Financial Companies Lllp now owns 4,372 shares of the company's stock valued at $72,000 after acquiring an additional 1,372 shares during the period. Finally, Quarry LP bought a new position in shares of Redwire during the fourth quarter valued at $33,000. 8.10% of the stock is currently owned by institutional investors and hedge funds.

Redwire Stock Performance

Shares of Redwire stock traded up $2.16 during mid-day trading on Wednesday, hitting $17.00. 3,594,626 shares of the stock were exchanged, compared to its average volume of 1,132,624. The company has a market capitalization of $1.31 billion, a P/E ratio of -14.09 and a beta of 2.46. The company has a 50-day simple moving average of $10.98 and a 200 day simple moving average of $14.08. Redwire Co. has a 12 month low of $4.84 and a 12 month high of $26.66.

Redwire (NYSE:RDW - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.20). The company had revenue of $61.40 million for the quarter, compared to analysts' expectations of $74.54 million. Analysts predict that Redwire Co. will post -0.85 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.