Caitong International Asset Management Co. Ltd Purchases 263,253 Shares of Redwire Corporation $RDW

Caitong International Asset Management Co. Ltd raised its holdings in Redwire Corporation (NYSE:RDW) by 3,976.6% in the fourth quarter, Holdings Channel reports. The firm owned 269,873 shares of the company’s stock after purchasing an additional 263,253 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Redwire were worth $2,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Redwire by 61.1% in the fourth 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 period. Vanguard Group Inc. increased its stake in Redwire by 2.9% in the third quarter. Vanguard Group Inc. now owns 3,242,848 shares of the company’s stock valued at $29,153,000 after acquiring an additional 91,045 shares during the last quarter. UBS Group AG raised its stake in shares of Redwire by 140.8% during the fourth quarter. UBS Group AG now owns 2,039,902 shares of the company’s stock worth $15,503,000 after acquiring an additional 1,192,885 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Redwire by 46.9% in the 4th quarter. Geode Capital Management LLC now owns 1,764,643 shares of the company’s stock worth $13,413,000 after acquiring an additional 563,259 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Redwire by 231.0% during the 4th quarter. Van ECK Associates Corp now owns 1,436,535 shares of the company’s stock valued at $10,918,000 after acquiring an additional 1,002,504 shares during the period. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Analyst Ratings Changes

RDW has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Redwire in a research note on Tuesday, April 21st. Zacks Research raised shares of Redwire from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 11th. Canaccord Genuity Group raised their price objective on Redwire from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Jefferies Financial Group raised Redwire to a “hold” rating in a research note on Wednesday, June 10th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Redwire in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Redwire has a consensus rating of “Moderate Buy” and an average target price of $15.44.

Redwire Trading Down 0.4%

Shares of NYSE:RDW opened at $14.29 on Friday. The business has a 50 day moving average of $14.03 and a two-hundred day moving average of $10.81. Redwire Corporation has a 12-month low of $4.87 and a 12-month high of $26.64. The company has a market capitalization of $3.41 billion, a PE ratio of -5.33 and a beta of 2.92. The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08.

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

Insider Transactions at Redwire

In other Redwire news, Director Ae Red Holdings, Llc sold 1,070,565 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $21.48, for a total value of $22,995,736.20. Following the sale, the director owned 1,077,419 shares of the company’s stock, valued at $23,142,960.12. This trade represents a 49.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have sold 23,211,433 shares of company stock worth $239,826,208. 0.79% of the stock is owned by corporate insiders.

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.