Barclays PLC Raises Position in Redwire Co. (NYSE:RDW)

Barclays PLC raised its holdings in shares of Redwire Co. (NYSE:RDW) by 55.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,181,138 shares of the company’s stock after buying an additional 422,854 shares during the quarter. Barclays PLC owned about 1.78% of Redwire worth $8,115,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in RDW. SG Americas Securities LLC grew its holdings in shares of Redwire by 17.2% during the second quarter. SG Americas Securities LLC now owns 15,670 shares of the company’s stock worth $112,000 after purchasing an additional 2,296 shares in the last quarter. MetLife Investment Management LLC grew its stake in Redwire by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock worth $97,000 after buying an additional 7,921 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Redwire in the 2nd quarter worth $74,000. Penserra Capital Management LLC raised its position in shares of Redwire by 16.5% during the 3rd quarter. Penserra Capital Management LLC now owns 74,626 shares of the company’s stock valued at $512,000 after buying an additional 10,558 shares in the last quarter. Finally, Vontobel Holding Ltd. bought a new stake in shares of Redwire during the 3rd quarter worth $74,000. 8.10% of the stock is currently owned by institutional investors.

Redwire Price Performance

Shares of Redwire stock opened at $13.68 on Wednesday. The stock has a market capitalization of $910.28 million, a P/E ratio of -11.31 and a beta of 2.25. Redwire Co. has a one year low of $2.68 and a one year high of $15.25. The business’s 50 day simple moving average is $10.32 and its two-hundred day simple moving average is $7.83.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on RDW shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $6.00 price objective on shares of Redwire in a report on Monday, September 30th. B. Riley cut shares of Redwire from a “buy” rating to a “neutral” rating and increased their price target for the company from $8.00 to $9.50 in a research report on Tuesday, October 29th. HC Wainwright reissued a “buy” rating and set a $18.00 price target on shares of Redwire in a research note on Wednesday, December 11th. Finally, Roth Mkm upped their price objective on shares of Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Redwire currently 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.