Tema ETFs LLC lifted its position in Redwire Corporation (NYSE:RDW – Free Report) by 51,491.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 621,162 shares of the company’s stock after purchasing an additional 619,958 shares during the quarter. Tema ETFs LLC’s holdings in Redwire were worth $7,597,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Parallel Advisors LLC acquired a new position in Redwire in the 1st quarter worth approximately $28,000. KBC Group NV purchased a new stake in shares of Redwire in the 1st quarter valued at $29,000. Sunbelt Securities Inc. boosted its holdings in shares of Redwire by 601.1% in the 4th quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company’s stock valued at $30,000 after acquiring an additional 3,396 shares during the last quarter. CWM LLC increased its stake in shares of Redwire by 1,725.0% in the fourth quarter. CWM LLC now owns 4,088 shares of the company’s stock worth $31,000 after acquiring an additional 3,864 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Redwire by 1,054.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company’s stock worth $31,000 after acquiring an additional 3,668 shares during the period. Hedge funds and other institutional investors own 8.10% of the company’s stock.
Redwire Stock Performance
RDW opened at $13.52 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.75 and a quick ratio of 1.37. The firm has a fifty day moving average price of $11.93 and a 200 day moving average price of $11.36. Redwire Corporation has a 1 year low of $4.87 and a 1 year high of $26.64. The stock has a market cap of $3.23 billion, a P/E ratio of -9.26 and a beta of 3.05.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on RDW shares. Cantor Fitzgerald boosted their target price on shares of Redwire from $9.00 to $13.50 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a research note on Thursday, August 6th. Wall Street Zen upgraded Redwire from a “sell” rating to a “hold” rating in a research note on Saturday. Truist Financial raised Redwire to a “strong-buy” rating in a report on Friday, May 1st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Redwire in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $14.44.
Check Out Our Latest Analysis on RDW
Insider Transactions at Redwire
In other Redwire news, Director Ae Red Holdings, Llc sold 1,070,565 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $21.48, for a total value of $22,995,736.20. Following the transaction, the director owned 1,077,419 shares of the company’s stock, valued at $23,142,960.12. This represents a 49.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.79% of the company’s stock.
Redwire Profile
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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