Redwire Co. (NYSE:RDW) Shares Sold by Caz Investments LP

Caz Investments LP trimmed its position in Redwire Co. (NYSE:RDW) by 35.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,500 shares of the company’s stock after selling 3,500 shares during the period. Redwire makes up about 0.0% of Caz Investments LP’s portfolio, making the stock its 25th largest holding. Caz Investments LP’s holdings in Redwire were worth $45,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC lifted its holdings in Redwire by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 74,626 shares of the company’s stock valued at $512,000 after acquiring an additional 10,558 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Redwire in the 3rd quarter worth approximately $623,000. Vontobel Holding Ltd. bought a new stake in shares of Redwire in the 3rd quarter worth approximately $74,000. SG Americas Securities LLC lifted its stake in Redwire by 39.6% during the third quarter. SG Americas Securities LLC now owns 21,870 shares of the company’s stock valued at $150,000 after purchasing an additional 6,200 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in Redwire during the second quarter worth approximately $74,000. 8.10% of the stock is owned by institutional investors.

Redwire Stock Performance

Shares of RDW opened at $13.78 on Wednesday. The company has a market capitalization of $916.92 million, a PE ratio of -11.39 and a beta of 1.93. The company’s 50 day moving average price is $8.61 and its 200 day moving average price is $7.05. Redwire Co. has a 52 week low of $2.49 and a 52 week high of $14.40.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RDW. B. Riley cut Redwire from a “buy” rating to a “neutral” rating and upped their price target for the company from $8.00 to $9.50 in a report on Tuesday, October 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $6.00 target price on shares of Redwire in a research report on Monday, September 30th. Alliance Global Partners increased their price target on Redwire from $7.00 to $8.25 and gave the company a “buy” rating in a research report on Tuesday, July 30th. HC Wainwright assumed coverage on Redwire in a report on Tuesday. They set a “buy” rating and a $18.00 price objective on the stock. Finally, Roth Mkm upped their price target on shares of Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.13.

Redwire 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.