37,929 Shares in Redwire Corporation $RDW Acquired by Corecam Pte. Ltd.

Corecam Pte. Ltd. bought a new stake in Redwire Corporation (NYSE:RDW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 37,929 shares of the company’s stock, valued at approximately $288,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp boosted its position in shares of Redwire by 61.1% during the 4th quarter. State Street Corp now owns 4,708,600 shares of the company’s stock valued at $35,785,000 after acquiring an additional 1,786,038 shares during the last quarter. UBS Group AG lifted its stake in shares of Redwire by 140.8% in the 4th quarter. UBS Group AG now owns 2,039,902 shares of the company’s stock valued at $15,503,000 after purchasing an additional 1,192,885 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Redwire during the 4th quarter worth $7,676,000. Van ECK Associates Corp grew its holdings in shares of Redwire by 231.0% during the 4th quarter. Van ECK Associates Corp now owns 1,436,535 shares of the company’s stock worth $10,918,000 after purchasing an additional 1,002,504 shares during the period. Finally, Two Sigma Investments LP increased its position in shares of Redwire by 489.3% during the 3rd quarter. Two Sigma Investments LP now owns 1,049,292 shares of the company’s stock worth $9,433,000 after purchasing an additional 871,223 shares during the last quarter. 8.10% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Redwire

In related news, Director Ae Red Holdings, Llc sold 7,500,000 shares of the business’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $9.15, for a total transaction of $68,625,000.00. Following the completion of the transaction, the director directly owned 36,135,217 shares of the company’s stock, valued at $330,637,235.55. The trade was a 17.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 23,211,433 shares of company stock valued at $239,826,208 in the last ninety days. Company insiders own 0.79% of the company’s stock.

Redwire Trading Down 0.4%

Shares of RDW stock opened at $14.29 on Friday. Redwire Corporation has a fifty-two week low of $4.87 and a fifty-two week high of $26.64. The company has a 50 day moving average price of $14.03 and a 200 day moving average price of $10.81. The stock has a market capitalization of $3.41 billion, a P/E ratio of -5.33 and a beta of 2.92. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.75.

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

Analysts Set New Price Targets

Several analysts recently issued reports on RDW shares. Truist Financial upgraded shares of Redwire to a “strong-buy” rating in a report on Friday, May 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Redwire in a research note on Tuesday, April 21st. Wall Street Zen upgraded shares of Redwire from a “sell” rating to a “hold” rating in a research report on Saturday. Jefferies Financial Group raised shares of Redwire to a “hold” rating in a research note on Wednesday, June 10th. Finally, Zacks Research upgraded shares of Redwire from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $15.44.

Redwire Company 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.