XTX Topco Ltd Has $141,000 Holdings in Redwire Corporation (NYSE:RDW)

XTX Topco Ltd lessened its position in shares of Redwire Corporation (NYSE:RDW) by 40.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,020 shares of the company’s stock after selling 11,379 shares during the period. XTX Topco Ltd’s holdings in Redwire were worth $141,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of RDW. LBP AM SA increased its position in shares of Redwire by 24.8% during the first quarter. LBP AM SA now owns 496,230 shares of the company’s stock worth $4,114,000 after acquiring an additional 98,616 shares in the last quarter. PFG Advisors purchased a new position in Redwire during the first quarter worth about $144,000. Bank of America Corp DE boosted its holdings in Redwire by 72.7% during the fourth quarter. Bank of America Corp DE now owns 39,717 shares of the company’s stock worth $654,000 after purchasing an additional 16,715 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in Redwire during the first quarter worth about $269,000. Finally, Tcfg Wealth Management LLC purchased a new position in Redwire during the first quarter worth about $166,000. Institutional investors own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. B. Riley dropped their price target on shares of Redwire from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Canaccord Genuity Group dropped their price target on shares of Redwire from $21.00 to $17.50 and set a “buy” rating on the stock in a research note on Monday. Roth Capital restated a “buy” rating on shares of Redwire in a research note on Tuesday, June 24th. Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a research note on Monday, May 12th. Finally, Truist Financial set a $16.00 target price on shares of Redwire and gave the stock a “hold” rating in a research note on Thursday, June 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $19.42.

Redwire Stock Performance

NYSE RDW opened at $9.10 on Friday. Redwire Corporation has a 1 year low of $5.46 and a 1 year high of $26.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.46 and a quick ratio of 1.18. The stock has a market capitalization of $1.30 billion, a PE ratio of -2.80 and a beta of 2.52. The company’s 50 day simple moving average is $15.70 and its two-hundred day simple moving average is $14.39.

Redwire (NYSE:RDW) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.28). The company had revenue of $61.76 million during the quarter, compared to the consensus estimate of $80.48 million. Redwire had a negative return on equity of 32.67% and a negative net margin of 71.95%. Analysts predict that Redwire Corporation will post -0.85 earnings per share for the current fiscal 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.