XTX Topco Ltd Makes New Investment in Redwire Co. (NYSE:RDW)

XTX Topco Ltd purchased a new position in shares of Redwire Co. (NYSE:RDW - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 28,399 shares of the company's stock, valued at approximately $467,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC raised its position in shares of Redwire by 55.8% during the 3rd quarter. Barclays PLC now owns 1,181,138 shares of the company's stock valued at $8,115,000 after buying an additional 422,854 shares during the period. Federated Hermes Inc. lifted its position in shares of Redwire by 165.7% during the 4th quarter. Federated Hermes Inc. now owns 498,275 shares of the company's stock worth $8,202,000 after purchasing an additional 310,769 shares during the last quarter. Andar Capital Management HK Ltd acquired a new stake in shares of Redwire in the 4th quarter valued at about $3,621,000. Vanguard Group Inc. grew its position in shares of Redwire by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 1,310,660 shares of the company's stock worth $21,573,000 after acquiring an additional 101,620 shares during the last quarter. Finally, Van ECK Associates Corp acquired a new stake in shares of Redwire during the fourth quarter worth about $1,151,000. 8.10% of the stock is owned by hedge funds and other institutional investors.

Redwire Stock Down 0.9 %

Shares of RDW traded down $0.10 during mid-day trading on Friday, hitting $10.88. 337,338 shares of the company's stock were exchanged, compared to its average volume of 1,971,366. The stock has a market cap of $821.86 million, a price-to-earnings ratio of -8.99 and a beta of 2.51. The firm has a fifty day moving average of $11.47 and a two-hundred day moving average of $13.31. Redwire Co. has a twelve month low of $3.77 and a twelve month high of $26.66.

Insider Activity

In related news, major shareholder Park Lp Genesis II sold 50,000 shares of Redwire stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $23.20, for a total transaction of $1,160,000.00. Following the completion of the transaction, the insider now directly owns 3,754,041 shares of the company's stock, valued at $87,093,751.20. This trade represents a 1.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 166,798 shares of company stock worth $3,827,641. 2.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on RDW shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $28.00 price target on shares of Redwire in a research note on Tuesday, March 11th. HC Wainwright reiterated a "buy" rating and issued a $26.00 price target on shares of Redwire in a report on Wednesday, March 12th. B. Riley decreased their price objective on shares of Redwire from $27.00 to $25.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Finally, Alliance Global Partners restated a "buy" rating on shares of Redwire in a report on Tuesday, March 11th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Redwire currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.71.

Redwire 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.