AQR Capital Management LLC Purchases Shares of 12,415 Redwire Co. (NYSE:RDW)

AQR Capital Management LLC purchased a new stake in Redwire Co. (NYSE:RDW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,415 shares of the company’s stock, valued at approximately $89,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Redwire by 0.3% during the first quarter. Vanguard Group Inc. now owns 1,118,812 shares of the company’s stock valued at $4,912,000 after buying an additional 3,681 shares during the period. SG Americas Securities LLC lifted its stake in shares of Redwire by 17.2% during the second quarter. SG Americas Securities LLC now owns 15,670 shares of the company’s stock valued at $112,000 after buying an additional 2,296 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Redwire by 496.1% during the second quarter. Bank of New York Mellon Corp now owns 71,340 shares of the company’s stock valued at $512,000 after buying an additional 59,372 shares during the period. LJI Wealth Management LLC purchased a new position in shares of Redwire during the second quarter valued at approximately $258,000. Finally, Rhumbline Advisers lifted its stake in shares of Redwire by 64.7% during the second quarter. Rhumbline Advisers now owns 32,335 shares of the company’s stock valued at $232,000 after buying an additional 12,703 shares during the period. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on RDW. Alliance Global Partners upped their price target on shares of Redwire from $7.00 to $8.25 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. B. Riley raised shares of Redwire from a “neutral” rating to a “buy” rating and set a $8.00 price target for the company in a research report on Friday, August 9th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $6.00 price target on shares of Redwire in a research report on Monday, September 30th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $7.65.

Redwire Stock Up 0.5 %

Redwire stock opened at $8.52 on Friday. Redwire Co. has a 52-week low of $2.35 and a 52-week high of $8.94. The firm has a fifty day moving average of $6.74 and a 200-day moving average of $5.92. The firm has a market capitalization of $558.73 million, a P/E ratio of -11.83 and a beta of 1.96.

Redwire (NYSE:RDW) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.15). The firm had revenue of $78.11 million for the quarter, compared to the consensus estimate of $66.86 million. On average, research analysts expect that Redwire Co. will post -0.87 EPS for the current fiscal year.

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.