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

Quantbot Technologies LP purchased a new stake in shares of Redwire Corporation (NYSE:RDW) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 289,967 shares of the company’s stock, valued at approximately $2,607,000. Quantbot Technologies LP owned about 0.20% of Redwire at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RDW. AE Industrial Partners LP raised its holdings in shares of Redwire by 139.3% in the second quarter. AE Industrial Partners LP now owns 85,496,745 shares of the company’s stock worth $1,394,000 after buying an additional 49,765,262 shares during the period. Voya Investment Management LLC bought a new position in Redwire in the 3rd quarter valued at $20,372,000. Hood River Capital Management LLC purchased a new stake in Redwire in the second quarter worth $36,206,000. Cooper Creek Partners Management LLC bought a new stake in shares of Redwire during the second quarter worth $32,652,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Redwire by 2,556.0% in the third quarter. JPMorgan Chase & Co. now owns 577,271 shares of the company’s stock worth $5,190,000 after purchasing an additional 555,536 shares during the last quarter. Institutional investors own 8.10% of the company’s stock.

Insider Buying and Selling at Redwire

In related news, Director Ae Red Holdings, Llc sold 49,985 shares of the firm’s 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 owned 45,094,000 shares of the company’s stock, valued at $451,390,940. This trade represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 40,400,346 shares of company stock worth $453,127,301. Corporate insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RDW shares. Roth Mkm reiterated a “buy” rating and set a $20.00 price objective on shares of Redwire in a report on Wednesday, January 28th. Bank of America reduced their target price on shares of Redwire from $9.00 to $6.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 19th. Canaccord Genuity Group boosted their price target on Redwire from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday. KeyCorp began coverage on Redwire in a research note on Thursday, December 18th. They issued a “sector weight” rating on the stock. Finally, HC Wainwright reaffirmed a “buy” rating and set a $22.00 target price on shares of Redwire in a research report on Tuesday, December 23rd. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Redwire presently has an average rating of “Hold” and a consensus price target of $13.88.

Redwire Price Performance

NYSE RDW opened at $8.94 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.05 and a current ratio of 1.41. The firm’s 50 day moving average price is $9.73 and its 200-day moving average price is $8.47. Redwire Corporation has a 52-week low of $4.87 and a 52-week high of $22.25. The company has a market cap of $1.48 billion, a PE ratio of -3.77 and a beta of 2.50.

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

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.