GSA Capital Partners LLP Lowers Position in Redwire Co. (NYSE:RDW)

GSA Capital Partners LLP lessened its stake in Redwire Co. (NYSE:RDW) by 27.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,323 shares of the company’s stock after selling 27,994 shares during the period. GSA Capital Partners LLP owned about 0.11% of Redwire worth $497,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Redwire by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 1,118,812 shares of the company’s stock worth $4,912,000 after purchasing an additional 3,681 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Redwire during the 3rd quarter worth approximately $623,000. Bank of New York Mellon Corp raised its stake in shares of Redwire by 496.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 71,340 shares of the company’s stock worth $512,000 after buying an additional 59,372 shares during the period. Squarepoint Ops LLC raised its stake in shares of Redwire by 59.4% during the 2nd quarter. Squarepoint Ops LLC now owns 71,236 shares of the company’s stock worth $511,000 after buying an additional 26,543 shares during the period. Finally, DNB Asset Management AS raised its stake in shares of Redwire by 23.9% during the 2nd quarter. DNB Asset Management AS now owns 39,094 shares of the company’s stock worth $280,000 after buying an additional 7,538 shares during the period. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Redwire Stock Performance

NYSE RDW opened at $11.63 on Wednesday. The business has a fifty day moving average price of $7.86 and a 200 day moving average price of $6.70. Redwire Co. has a one year low of $2.43 and a one year high of $11.72. The company has a market cap of $773.54 million, a P/E ratio of -9.61 and a beta of 1.93.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on RDW. Alliance Global Partners upped their target price on Redwire from $7.00 to $8.25 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. B. Riley downgraded Redwire from a “buy” rating to a “neutral” rating and upped their target price for the stock from $8.00 to $9.50 in a research note on Tuesday, October 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $6.00 target price on shares of Redwire in a research note on Monday, September 30th. Finally, Roth Mkm upped their target price on Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Redwire has an average rating of “Moderate Buy” and a consensus price target of $8.55.

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.