Redwire Co. (NYSE:RDW) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP cut its stake in Redwire Co. (NYSE:RDW) by 27.9% in the third quarter, Holdings Channel reports. The fund owned 72,323 shares of the company’s stock after selling 27,994 shares during the period. GSA Capital Partners LLP’s holdings in Redwire were worth $497,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Redwire in the 1st quarter worth $59,000. Vontobel Holding Ltd. acquired a new stake in shares of Redwire in the 3rd quarter worth $74,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Redwire in the 2nd quarter worth $74,000. AQR Capital Management LLC acquired a new stake in shares of Redwire in the 2nd quarter worth $89,000. Finally, Rhumbline Advisers increased 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 worth $232,000 after acquiring an additional 12,703 shares during the last quarter. 8.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on RDW. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $6.00 target price on shares of Redwire in a research note on Monday, September 30th. B. Riley cut Redwire from a “buy” rating to a “neutral” rating and increased their price target for the stock from $8.00 to $9.50 in a report on Tuesday, October 29th. Alliance Global Partners increased their price target on Redwire from $7.00 to $8.25 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Finally, Roth Mkm increased their price target on Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $8.55.

Redwire Trading Up 7.5 %

NYSE RDW opened at $11.63 on Wednesday. The stock has a fifty day simple moving average of $7.86 and a 200-day simple moving average of $6.70. Redwire Co. has a twelve month low of $2.43 and a twelve month high of $11.72. The stock has a market cap of $773.54 million, a PE ratio of -9.61 and a beta of 1.93.

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.