Quantbot Technologies LP Takes $154,000 Position 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 its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,367 shares of the company’s stock, valued at approximately $154,000.

A number of other large investors also recently bought and sold shares of the business. Jones Financial Companies Lllp increased its stake in Redwire by 45.7% in the 4th quarter. Jones Financial Companies Lllp now owns 4,372 shares of the company’s stock worth $72,000 after buying an additional 1,372 shares during the period. US Bancorp DE purchased a new position in shares of Redwire during the fourth quarter worth approximately $119,000. Arkadios Wealth Advisors bought a new stake in shares of Redwire during the fourth quarter valued at approximately $165,000. Raymond James Financial Inc. purchased a new stake in shares of Redwire in the fourth quarter valued at approximately $215,000. Finally, MetLife Investment Management LLC grew its stake in Redwire by 129.1% in the third quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock worth $97,000 after purchasing an additional 7,921 shares in the last quarter. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Insider Buying and Selling at Redwire

In related news, major shareholder Park Lp Genesis II sold 72,415 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $17.90, for a total transaction of $1,296,228.50. Following the transaction, the insider now directly owns 4,422,853 shares of the company’s stock, valued at $79,169,068.70. This represents a 1.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 589,213 shares of company stock worth $12,059,370 over the last three months. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

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

Redwire Stock Performance

NYSE:RDW opened at $8.81 on Monday. The stock has a market capitalization of $665.42 million, a P/E ratio of -7.28 and a beta of 2.33. The company’s 50-day simple moving average is $17.01 and its 200-day simple moving average is $13.08. Redwire Co. has a fifty-two week low of $3.39 and a fifty-two week high of $26.66.

About Redwire

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.