UBS Group AG grew its holdings in shares of Redwire Corporation (NYSE:RDW – Free Report) by 140.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,039,902 shares of the company’s stock after buying an additional 1,192,885 shares during the quarter. UBS Group AG owned 1.24% of Redwire worth $15,503,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of RDW. AQR Capital Management LLC grew its stake in shares of Redwire by 125.0% during the first quarter. AQR Capital Management LLC now owns 51,437 shares of the company’s stock valued at $426,000 after buying an additional 28,576 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Redwire by 352.8% during the first quarter. Goldman Sachs Group Inc. now owns 355,265 shares of the company’s stock valued at $2,945,000 after buying an additional 276,814 shares during the last quarter. Strs Ohio bought a new position in shares of Redwire during the first quarter valued at approximately $69,000. Rhumbline Advisers grew its stake in shares of Redwire by 61.0% during the second quarter. Rhumbline Advisers now owns 56,517 shares of the company’s stock valued at $921,000 after buying an additional 21,417 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Redwire by 57.6% during the second quarter. Invesco Ltd. now owns 21,198 shares of the company’s stock valued at $346,000 after buying an additional 7,750 shares during the last quarter. Institutional investors own 8.10% of the company’s stock.
Redwire Stock Down 0.6%
Shares of NYSE:RDW opened at $11.49 on Thursday. Redwire Corporation has a 52-week low of $4.87 and a 52-week high of $22.25. The stock has a market cap of $2.20 billion, a P/E ratio of -4.29 and a beta of 2.41. The business’s 50 day moving average is $9.63 and its 200 day moving average is $8.73. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 0.08.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Redwire in a research note on Tuesday, April 21st. Canaccord Genuity Group upped their target price on Redwire from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Monday. Truist Financial raised Redwire to a “strong-buy” rating in a research note on Friday, May 1st. Alliance Global Partners reissued a “buy” rating on shares of Redwire in a research note on Wednesday, April 22nd. Finally, Roth Mkm reissued a “buy” rating and issued a $20.00 price objective on shares of Redwire in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.22.
Get Our Latest Research Report on Redwire
Insider Transactions at Redwire
In other Redwire news, Director Ae Red Holdings, Llc sold 977,887 shares of the stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $10.57, for a total transaction of $10,336,265.59. Following the sale, the director owned 21,494,349 shares of the company’s stock, valued at approximately $227,195,268.93. This trade represents a 4.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 23,327,795 shares of company stock worth $228,806,188. 0.79% of the stock is currently owned by company insiders.
About Redwire
Redwire Corporation is a space infrastructure company specializing in the design, engineering and manufacturing of mission-critical hardware and software for the spaceflight industry. The company’s offerings include deployable structures, solar power systems, radio frequency antennas, advanced composites and transparent optics. Redwire serves a broad customer base that spans civil space agencies, national defense organizations and commercial satellite operators, helping enable missions ranging from communications and Earth observation to deep-space exploration.
Formed through the strategic combination of several specialized space technology firms, Redwire’s portfolio encompasses both flight-proven hardware and cutting-edge in-space manufacturing capabilities.
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