Sculptor Capital LP Takes Position in Redwire Corporation $RDW

Sculptor Capital LP bought a new stake in Redwire Corporation (NYSE:RDW) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 170,000 shares of the company’s stock, valued at approximately $1,292,000.

Other institutional investors have also modified their holdings of the company. CWM LLC raised its stake in shares of Redwire by 1,725.0% in the 4th quarter. CWM LLC now owns 4,088 shares of the company’s stock valued at $31,000 after purchasing an additional 3,864 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of Redwire in the 3rd quarter valued at about $41,000. Russell Investments Group Ltd. raised its stake in shares of Redwire by 308.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock valued at $44,000 after purchasing an additional 3,672 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Redwire by 32.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock valued at $102,000 after purchasing an additional 1,533 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Redwire by 440.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,620 shares of the company’s stock valued at $60,000 after purchasing an additional 5,395 shares in the last quarter. Institutional investors and hedge funds own 8.10% of the company’s stock.

Insider Activity at Redwire

In other Redwire news, Director Ae Red Holdings, Llc sold 1,070,565 shares of the firm’s stock in a transaction that occurred on 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 sale, the director owned 1,077,419 shares in the company, valued at approximately $23,142,960.12. This trade represents a 49.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 23,292,752 shares of company stock valued at $240,640,212 in the last quarter. 0.79% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity Group upped their target price on shares of Redwire from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Jefferies Financial Group upgraded shares of Redwire to a “hold” rating in a research note on Wednesday, June 10th. Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a research note on Wednesday, April 22nd. Zacks Research upgraded shares of Redwire from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th. Finally, Truist Financial upgraded shares of Redwire to a “strong-buy” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.44.

Redwire Price Performance

Shares of NYSE:RDW opened at $14.80 on Tuesday. The firm’s 50 day moving average is $13.68 and its two-hundred day moving average is $10.60. Redwire Corporation has a 52 week low of $4.87 and a 52 week high of $26.64. The firm has a market capitalization of $2.84 billion, a P/E ratio of -5.52 and a beta of 2.91. The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08.

Redwire (NYSE:RDW) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.24). Redwire had a negative net margin of 80.90% and a negative return on equity of 11.68%. The firm had revenue of $96.97 million during the quarter, compared to analyst estimates of $105.94 million. During the same quarter in the previous year, the business posted ($0.09) EPS. Redwire’s revenue for the quarter was up 57.9% compared to the same quarter last year. Analysts anticipate that Redwire Corporation will post -0.76 earnings per share for the current 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.