10,768 Shares in Redwire Co. (NYSE:RDW) Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. purchased a new stake in shares of Redwire Co. (NYSE:RDW) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,768 shares of the company’s stock, valued at approximately $74,000.

Several other institutional investors also recently bought and sold shares of the business. SG Americas Securities LLC lifted its holdings in shares of Redwire by 39.6% during the 3rd quarter. SG Americas Securities LLC now owns 21,870 shares of the company’s stock valued at $150,000 after acquiring an additional 6,200 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Redwire in the second quarter valued at about $74,000. AQR Capital Management LLC acquired a new position in shares of Redwire during the second quarter worth about $89,000. Squarepoint Ops LLC boosted its position in shares of Redwire by 59.4% in the second quarter. Squarepoint Ops LLC now owns 71,236 shares of the company’s stock worth $511,000 after buying an additional 26,543 shares during the period. Finally, LJI Wealth Management LLC acquired a new stake in shares of Redwire in the second quarter valued at about $258,000. 8.10% of the stock is currently owned by hedge funds and other institutional investors.

Redwire Price Performance

NYSE RDW opened at $8.77 on Thursday. The company’s fifty day moving average price is $6.95 and its two-hundred day moving average price is $6.03. The company has a market capitalization of $575.13 million, a price-to-earnings ratio of -12.18 and a beta of 1.96. Redwire Co. has a 12 month low of $2.35 and a 12 month high of $9.36.

Redwire (NYSE:RDW) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.15). The company had revenue of $78.11 million during the quarter, compared to analyst estimates of $66.86 million. As a group, analysts anticipate that Redwire Co. will post -0.87 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.