170,000 Shares in Redwire Corporation $RDW Acquired by Sculptor Capital LP

Sculptor Capital LP acquired a new position in shares of Redwire Corporation (NYSE:RDW) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 170,000 shares of the company’s stock, valued at approximately $1,292,000. Sculptor Capital LP owned about 0.10% of Redwire at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. CWM LLC increased its holdings in shares of Redwire by 1,725.0% during the 4th quarter. CWM LLC now owns 4,088 shares of the company’s stock worth $31,000 after buying an additional 3,864 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of Redwire during the 3rd quarter worth $41,000. Russell Investments Group Ltd. increased its holdings in shares of Redwire by 308.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock worth $44,000 after buying an additional 3,672 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Redwire by 440.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,620 shares of the company’s stock worth $60,000 after buying an additional 5,395 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Redwire during the 1st quarter worth $69,000. 8.10% of the stock is currently owned by institutional investors and hedge funds.

Redwire Stock Down 2.1%

Shares of Redwire stock opened at $14.80 on Tuesday. The company has a fifty day moving average price of $13.68 and a 200 day moving average price of $10.60. The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Redwire Corporation has a twelve month low of $4.87 and a twelve month high of $26.64. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of -5.52 and a beta of 2.91.

Redwire (NYSE:RDW) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.24). The business had revenue of $96.97 million for the quarter, compared to analysts’ expectations of $105.94 million. Redwire had a negative return on equity of 11.68% and a negative net margin of 80.90%.The firm’s revenue for the quarter was up 57.9% on a year-over-year basis. During the same period last year, the company posted ($0.09) earnings per share. Equities research analysts forecast that Redwire Corporation will post -0.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Redwire in a report on Tuesday, April 21st. Zacks Research upgraded Redwire from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 11th. Truist Financial upgraded Redwire to a “strong-buy” rating in a report on Friday, May 1st. Jefferies Financial Group upgraded Redwire to a “hold” rating in a report on Wednesday, June 10th. Finally, Alliance Global Partners restated a “buy” rating on shares of Redwire in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.44.

Insiders Place Their Bets

In other Redwire news, Director Ae Red Holdings, Llc sold 7,500,000 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $9.15, for a total value of $68,625,000.00. Following the completion of the transaction, the director directly owned 36,135,217 shares of the company’s stock, valued at $330,637,235.55. This represents a 17.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 23,292,752 shares of company stock valued at $240,640,212. Corporate insiders own 0.79% of the company’s stock.

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.