9,877 Shares in Redwire Corporation (NYSE:RDW) Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Redwire Corporation (NYSE:RDW) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,877 shares of the company’s stock, valued at approximately $82,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Redwire by 4.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,876 shares of the company’s stock worth $212,000 after purchasing an additional 532 shares in the last quarter. JPMorgan Chase & Co. increased its position in Redwire by 7.8% during the 4th quarter. JPMorgan Chase & Co. now owns 10,854 shares of the company’s stock worth $179,000 after purchasing an additional 782 shares in the last quarter. Summit Investment Advisors Inc. increased its position in Redwire by 64.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,382 shares of the company’s stock worth $39,000 after purchasing an additional 931 shares in the last quarter. Quarry LP purchased a new stake in Redwire in the 4th quarter valued at about $33,000. Finally, Wells Fargo & Company MN grew its holdings in Redwire by 43.4% in the 4th quarter. Wells Fargo & Company MN now owns 16,326 shares of the company’s stock valued at $269,000 after buying an additional 4,939 shares during the period. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Redwire Stock Performance

Shares of NYSE:RDW opened at $8.98 on Monday. Redwire Corporation has a 1 year low of $5.27 and a 1 year high of $26.66. The stock has a market capitalization of $1.28 billion, a P/E ratio of -2.76 and a beta of 2.52. The stock has a 50-day simple moving average of $16.23 and a 200-day simple moving average of $14.63.

Redwire (NYSE:RDW) last issued its earnings results on Wednesday, August 6th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.28). The firm had revenue of $61.76 million during the quarter, compared to analyst estimates of $80.48 million. Analysts predict that Redwire Corporation will post -0.85 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Alliance Global Partners restated a “buy” rating on shares of Redwire in a report on Monday, May 12th. B. Riley lowered their price target on Redwire from $25.00 to $20.00 and set a “buy” rating for the company in a report on Friday. Canaccord Genuity Group lifted their price target on Redwire from $20.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Truist Financial set a $16.00 price target on Redwire and gave the company a “hold” rating in a report on Thursday, June 26th. Finally, HC Wainwright lowered their price target on Redwire from $26.00 to $22.00 and set a “buy” rating for the company in a report on Friday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $20.00.

Redwire Company 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.