Squarepoint Ops LLC Increases Holdings in Redwire Co. (NYSE:RDW)

Squarepoint Ops LLC boosted its position in shares of Redwire Co. (NYSE:RDWFree Report) by 59.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,236 shares of the company’s stock after purchasing an additional 26,543 shares during the quarter. Squarepoint Ops LLC owned about 0.11% of Redwire worth $511,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of Redwire during the first quarter valued at $59,000. Vanguard Group Inc. increased its position in Redwire by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,118,812 shares of the company’s stock valued at $4,912,000 after purchasing an additional 3,681 shares during the period. DNB Asset Management AS raised its holdings in shares of Redwire by 23.9% in the 2nd quarter. DNB Asset Management AS now owns 39,094 shares of the company’s stock valued at $280,000 after purchasing an additional 7,538 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Redwire by 496.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 71,340 shares of the company’s stock worth $512,000 after purchasing an additional 59,372 shares during the period. Finally, Rhumbline Advisers boosted 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 purchasing an additional 12,703 shares in the last quarter. 8.10% of the stock is owned by institutional investors.

Redwire Price Performance

Redwire stock opened at $7.56 on Thursday. Redwire Co. has a 1-year low of $2.35 and a 1-year high of $8.24. The business has a fifty day moving average price of $6.44 and a 200-day moving average price of $5.75. The stock has a market capitalization of $495.78 million, a price-to-earnings ratio of -10.50 and a beta of 1.96.

Redwire (NYSE:RDWGet Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.15). The business had revenue of $78.11 million during the quarter, compared to analyst estimates of $66.86 million. On average, equities research analysts anticipate that Redwire Co. will post -0.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Redwire news, Director Ae Red Holdings, Llc sold 24,883 shares of the firm’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $7.10, for a total value of $176,669.30. Following the completion of the transaction, the director now owns 35,708,528 shares of the company’s stock, valued at approximately $253,530,548.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 238,732 shares of company stock valued at $1,836,940. Insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

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

Read Our Latest Stock Report on RDW

Redwire Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Redwire (NYSE:RDW)

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