Atria Wealth Solutions Inc. Takes Position in Redwire Corporation (NYSE:RDW)

Atria Wealth Solutions Inc. purchased a new stake in Redwire Corporation (NYSE:RDW) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 54,476 shares of the company’s stock, valued at approximately $452,000. Atria Wealth Solutions Inc. owned about 0.07% of Redwire as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of RDW. Quarry LP bought a new stake in Redwire during the 4th quarter worth $33,000. Summit Investment Advisors Inc. grew 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 acquiring an additional 931 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Redwire during the 1st quarter worth $42,000. FNY Investment Advisers LLC bought a new stake in Redwire during the 1st quarter worth $47,000. Finally, GAMMA Investing LLC grew its position in Redwire by 69,077.8% during the 1st quarter. GAMMA Investing LLC now owns 6,226 shares of the company’s stock worth $52,000 after acquiring an additional 6,217 shares during the last quarter. Institutional investors own 8.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RDW shares. Truist Financial set a $16.00 price objective on Redwire and gave the stock a “hold” rating in a research report on Thursday, June 26th. HC Wainwright restated a “buy” rating and set a $22.00 price objective (down previously from $26.00) on shares of Redwire in a research report on Friday, August 8th. Wall Street Zen lowered Redwire from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 9th. Roth Capital restated a “buy” rating on shares of Redwire in a research report on Tuesday, June 24th. Finally, B. Riley cut their target price on Redwire from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, August 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $19.42.

Redwire Stock Down 5.8%

Shares of RDW opened at $9.10 on Friday. The company has a market capitalization of $1.30 billion, a PE ratio of -2.80 and a beta of 2.52. Redwire Corporation has a 12 month low of $5.46 and a 12 month high of $26.66. The stock’s 50-day moving average price is $15.70 and its two-hundred day moving average price is $14.39. The company has a current ratio of 1.46, a quick ratio of 1.18 and a debt-to-equity ratio of 0.21.

Redwire (NYSE:RDW) last announced its earnings results on Wednesday, August 6th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.28). The company had revenue of $61.76 million for the quarter, compared to analyst estimates of $80.48 million. Redwire had a negative return on equity of 32.67% and a negative net margin of 71.95%. On average, analysts anticipate that Redwire Corporation will post -0.85 EPS for the current year.

About Redwire

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.