Vontobel Holding Ltd. Invests $139,000 in Redwire Corporation (NYSE:RDW)

Vontobel Holding Ltd. bought a new stake in shares of Redwire Corporation (NYSE:RDW - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 16,756 shares of the company's stock, valued at approximately $139,000.

Several other institutional investors and hedge funds also recently bought and sold shares of RDW. Vanguard Group Inc. increased its position in shares of Redwire by 8.4% in the 4th quarter. Vanguard Group Inc. now owns 1,310,660 shares of the company's stock valued at $21,573,000 after acquiring an additional 101,620 shares during the period. Barclays PLC boosted its stake in Redwire by 6.5% during the fourth quarter. Barclays PLC now owns 1,258,366 shares of the company's stock worth $20,713,000 after buying an additional 77,228 shares during the period. Federated Hermes Inc. grew its holdings in shares of Redwire by 165.7% in the fourth quarter. Federated Hermes Inc. now owns 498,275 shares of the company's stock valued at $8,202,000 after purchasing an additional 310,769 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Redwire by 22.4% in the 4th quarter. Renaissance Technologies LLC now owns 324,200 shares of the company's stock valued at $5,336,000 after purchasing an additional 59,400 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Redwire in the fourth quarter valued at $4,830,000. 8.10% of the stock is currently owned by hedge funds and other institutional investors.

Redwire Trading Up 3.9%

Shares of NYSE RDW traded up $0.59 during trading hours on Wednesday, hitting $15.74. 3,361,345 shares of the company traded hands, compared to its average volume of 1,459,748. 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 $2.24 billion, a price-to-earnings ratio of -6.96 and a beta of 2.54. The company's 50 day moving average price is $14.81 and its 200 day moving average price is $14.83.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of Redwire from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Canaccord Genuity Group started coverage on shares of Redwire in a research note on Wednesday. They set a "buy" rating and a $20.00 target price on the stock. Alliance Global Partners reissued a "buy" rating on shares of Redwire in a research note on Monday, May 12th. HC Wainwright reiterated a "buy" rating and set a $26.00 price target on shares of Redwire in a report on Tuesday, June 24th. Finally, B. Riley reduced their price target 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. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Redwire presently has a consensus rating of "Moderate Buy" and an average price target of $19.46.

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.