Leonteq Securities AG Purchases New Shares in Redwire Corporation $RDW

Leonteq Securities AG purchased a new stake in Redwire Corporation (NYSE:RDW) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 32,941 shares of the company’s stock, valued at approximately $250,000.

Several other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in Redwire by 4.4% in the 4th quarter. Farther Finance Advisors LLC now owns 20,897 shares of the company’s stock valued at $159,000 after purchasing an additional 877 shares during the period. Tower Research Capital LLC TRC boosted its stake in Redwire by 32.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock valued at $102,000 after purchasing an additional 1,533 shares during the period. Jones Financial Companies Lllp boosted its stake in Redwire by 24.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 12,617 shares of the company’s stock valued at $111,000 after purchasing an additional 2,442 shares during the period. BNP Paribas Financial Markets boosted its stake in Redwire by 12.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 30,396 shares of the company’s stock valued at $495,000 after purchasing an additional 3,248 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Redwire by 308.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock valued at $44,000 after purchasing an additional 3,672 shares during the period. 8.10% of the stock is currently owned by institutional investors.

Redwire Stock Performance

NYSE:RDW opened at $17.49 on Monday. The stock has a fifty day moving average price of $10.42 and a 200-day moving average price of $9.08. The company has a market cap of $3.36 billion, a price-to-earnings ratio of -6.52 and a beta of 2.41. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.75. Redwire Corporation has a fifty-two week low of $4.87 and a fifty-two week high of $22.25.

Redwire (NYSE:RDW) last released its 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 company had revenue of $96.97 million for the quarter, compared to the consensus estimate of $105.94 million. Redwire had a negative net margin of 80.90% and a negative return on equity of 11.68%. The business’s revenue was up 57.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.09) earnings per share. As a group, equities analysts anticipate that Redwire Corporation will post -0.7 EPS for the current fiscal year.

Insider Buying and Selling at Redwire

In other news, Director Ae Red Holdings, Llc sold 977,887 shares of the company’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $10.57, for a total transaction of $10,336,265.59. Following the completion of the sale, the director directly owned 21,494,349 shares in the company, valued at approximately $227,195,268.93. This represents a 4.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 23,327,795 shares of company stock worth $228,806,188. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Alliance Global Partners restated a “buy” rating on shares of Redwire in a research note on Wednesday, April 22nd. Roth Mkm restated a “buy” rating and issued a $20.00 price target on shares of Redwire in a research note on Wednesday, January 28th. Truist Financial upgraded Redwire to a “strong-buy” rating in a research note on Friday, May 1st. Canaccord Genuity Group boosted their price target on Redwire from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Zacks Research upgraded Redwire from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.22.

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.