Quantbot Technologies LP Buys New Shares in Redwire Co. (NYSE:RDW)

Quantbot Technologies LP purchased a new position in shares of Redwire Co. (NYSE:RDW) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,367 shares of the company’s stock, valued at approximately $154,000.

Other large investors have also added to or reduced their stakes in the company. Andar Capital Management HK Ltd acquired a new stake in shares of Redwire during the fourth quarter worth about $3,621,000. Farther Finance Advisors LLC acquired a new stake in Redwire during the 4th quarter valued at approximately $329,000. Mesirow Financial Investment Management Inc. acquired a new stake in Redwire during the 4th quarter valued at approximately $448,000. Raymond James Financial Inc. acquired a new stake in shares of Redwire in the fourth quarter worth $215,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Redwire during the fourth quarter worth $278,000. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Insider Activity at Redwire

In related news, major shareholder Park Lp Genesis II sold 100,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $18.02, for a total transaction of $1,802,000.00. Following the completion of the transaction, the insider now owns 4,322,853 shares in the company, valued at $77,897,811.06. This represents a 2.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 589,213 shares of company stock valued at $12,059,370. 2.60% of the stock is owned by company insiders.

Redwire Trading Down 10.7 %

Shares of RDW stock opened at $8.81 on Monday. Redwire Co. has a 12-month low of $3.39 and a 12-month high of $26.66. The business’s 50 day moving average is $17.01 and its two-hundred day moving average is $13.08. The company has a market capitalization of $665.42 million, a P/E ratio of -7.28 and a beta of 2.33.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Alliance Global Partners reaffirmed a “buy” rating on shares of Redwire in a research report on Tuesday, March 11th. B. Riley dropped their target price on Redwire from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Cantor Fitzgerald reissued an “overweight” rating and issued a $28.00 price target on shares of Redwire in a report on Tuesday, March 11th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $26.00 price objective on shares of Redwire in a research note on Wednesday, March 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $17.71.

Redwire Profile

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.