MetLife Investment Management LLC Purchases 7,921 Shares of Redwire Co. (NYSE:RDW)

MetLife Investment Management LLC increased its position in shares of Redwire Co. (NYSE:RDW) by 129.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,058 shares of the company’s stock after acquiring an additional 7,921 shares during the period. MetLife Investment Management LLC’s holdings in Redwire were worth $97,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vontobel Holding Ltd. bought a new position in shares of Redwire in the 3rd quarter worth $74,000. The Manufacturers Life Insurance Company bought a new position in shares of Redwire in the 2nd quarter worth $74,000. AQR Capital Management LLC bought a new position in shares of Redwire in the 2nd quarter worth $89,000. SG Americas Securities LLC increased its holdings in shares of Redwire by 17.2% in the 2nd quarter. SG Americas Securities LLC now owns 15,670 shares of the company’s stock worth $112,000 after buying an additional 2,296 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Redwire by 64.7% in the 2nd 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. Institutional investors own 8.10% of the company’s stock.

Redwire Price Performance

Shares of Redwire stock opened at $11.84 on Wednesday. The company has a 50-day moving average of $9.91 and a 200 day moving average of $7.63. The firm has a market cap of $787.85 million, a price-to-earnings ratio of -9.79 and a beta of 2.25. Redwire Co. has a 1 year low of $2.68 and a 1 year high of $15.25.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $6.00 price objective on shares of Redwire in a research note on Monday, September 30th. HC Wainwright assumed coverage on shares of Redwire in a research note on Tuesday, November 26th. They issued a “buy” rating and a $18.00 price objective for the company. Roth Mkm upped their price objective on shares of Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, B. Riley cut shares of Redwire from a “buy” rating to a “neutral” rating and upped their price objective for the company from $8.00 to $9.50 in a research note on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $10.13.

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.