Redwire Corporation $RDW Shares Bought by Sei Investments Co.

Sei Investments Co. grew its holdings in Redwire Corporation (NYSE:RDW) by 173.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 117,834 shares of the company’s stock after buying an additional 74,700 shares during the quarter. Sei Investments Co.’s holdings in Redwire were worth $1,002,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RDW. Militia Capital Management LLC purchased a new stake in Redwire during the 1st quarter valued at about $281,000. Parallel Advisors LLC acquired a new position in shares of Redwire during the 1st quarter worth approximately $28,000. AlphaCentric Advisors LLC purchased a new stake in shares of Redwire in the first quarter valued at approximately $319,000. KBC Group NV acquired a new stake in shares of Redwire in the first quarter valued at approximately $29,000. Finally, Trivest Advisors Ltd acquired a new stake in shares of Redwire in the first quarter valued at approximately $5,398,000. 8.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on RDW shares. Truist Financial raised Redwire to a “strong-buy” rating in a research note on Friday, May 1st. Wall Street Zen raised shares of Redwire from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Canaccord Genuity Group raised their price objective on shares of Redwire from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday. Cantor Fitzgerald lifted their target price on shares of Redwire from $9.00 to $13.50 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Redwire presently has an average rating of “Hold” and a consensus price target of $14.44.

Insider Transactions at Redwire

In related news, Director Ae Red Holdings, Llc sold 1,070,565 shares of Redwire stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $21.48, for a total value of $22,995,736.20. Following the completion of the transaction, the director owned 1,077,419 shares in the company, valued at $23,142,960.12. The trade was a 49.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.79% of the stock is owned by corporate insiders.

Redwire Price Performance

Shares of NYSE RDW opened at $13.49 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.75 and a quick ratio of 1.37. The company has a market cap of $3.22 billion, a price-to-earnings ratio of -9.24 and a beta of 3.05. The stock’s 50-day moving average is $11.83 and its two-hundred day moving average is $11.37. Redwire Corporation has a 1-year low of $4.87 and a 1-year high of $26.64.

Redwire (NYSE:RDW) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.07. Redwire had a negative return on equity of 12.65% and a negative net margin of 57.26%.The business had revenue of $117.07 million during the quarter, compared to analysts’ expectations of $107.10 million. Analysts forecast that Redwire Corporation will post -0.68 EPS for the current fiscal year.

Redwire 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.