Quantbot Technologies LP Invests $2.61 Million in Redwire Corporation $RDW

Quantbot Technologies LP acquired a new position in shares of Redwire Corporation (NYSE:RDW) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 289,967 shares of the company’s stock, valued at approximately $2,607,000.

Several other institutional investors also recently bought and sold shares of the company. Abich Financial Wealth Management LLC purchased a new position in Redwire in the third quarter worth $41,000. Strs Ohio purchased a new stake in shares of Redwire during the 1st quarter valued at $69,000. State of Alaska Department of Revenue acquired a new stake in shares of Redwire in the 3rd quarter worth $77,000. Independent Advisor Alliance purchased a new position in Redwire during the 3rd quarter worth $95,000. Finally, Tower Research Capital LLC TRC increased its position in Redwire by 32.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock valued at $102,000 after buying an additional 1,533 shares in the last quarter. 8.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on RDW. iA Financial set a $9.00 price target on Redwire in a report on Thursday, November 6th. Canaccord Genuity Group lifted their target price on shares of Redwire from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday. Cantor Fitzgerald dropped their target price on shares of Redwire from $20.00 to $9.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Bank of America decreased their price target on shares of Redwire from $9.00 to $6.00 and set an “underperform” rating for the company in a report on Wednesday, November 19th. Finally, HC Wainwright reiterated a “buy” rating and set a $22.00 price objective on shares of Redwire in a research note on Tuesday, December 23rd. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.88.

Insider Buying and Selling

In other Redwire news, Director Ae Red Holdings, Llc sold 49,985 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $10.01, for a total transaction of $500,349.85. Following the sale, the director directly owned 45,094,000 shares of the company’s stock, valued at approximately $451,390,940. This trade represents a 0.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 40,400,346 shares of company stock valued at $453,127,301 over the last 90 days. 2.60% of the stock is currently owned by corporate insiders.

Redwire Price Performance

Shares of NYSE:RDW opened at $8.94 on Wednesday. Redwire Corporation has a twelve month low of $4.87 and a twelve month high of $22.25. The company has a current ratio of 1.41, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20. The company has a market cap of $1.48 billion, a PE ratio of -3.77 and a beta of 2.50. The company’s 50 day moving average is $9.73 and its 200 day moving average is $8.47.

Redwire (NYSE:RDW) last released its quarterly earnings data on Wednesday, February 25th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.19). The business had revenue of $108.79 million during the quarter, compared to analysts’ expectations of $98.78 million. Redwire had a negative net margin of 67.55% and a negative return on equity of 15.65%. On average, sell-side analysts forecast that Redwire Corporation will post -0.85 EPS for the current year.

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.