Harbor Capital Advisors Inc. Makes New $623,000 Investment in Redwire Co. (NYSE:RDW)

Harbor Capital Advisors Inc. acquired a new position in Redwire Co. (NYSE:RDW - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 90,743 shares of the company's stock, valued at approximately $623,000. Harbor Capital Advisors Inc. owned about 0.14% of Redwire as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of RDW. Vanguard Group Inc. increased its position in Redwire by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,118,812 shares of the company's stock valued at $4,912,000 after buying an additional 3,681 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Redwire by 17.2% in the 2nd quarter. SG Americas Securities LLC now owns 15,670 shares of the company's stock valued at $112,000 after purchasing an additional 2,296 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Redwire by 496.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 71,340 shares of the company's stock worth $512,000 after purchasing an additional 59,372 shares in the last quarter. LJI Wealth Management LLC purchased a new stake in Redwire during the 2nd quarter worth approximately $258,000. Finally, Rhumbline Advisers increased its stake in Redwire by 64.7% during the 2nd quarter. Rhumbline Advisers now owns 32,335 shares of the company's stock valued at $232,000 after purchasing an additional 12,703 shares in the last quarter. Institutional investors own 8.10% of the company's stock.

Redwire Price Performance

NYSE:RDW traded down $0.07 during mid-day trading on Thursday, hitting $8.51. The company's stock had a trading volume of 887,909 shares, compared to its average volume of 337,326. The business's fifty day moving average is $7.32 and its two-hundred day moving average is $6.36. The stock has a market cap of $566.22 million, a price-to-earnings ratio of -8.68 and a beta of 1.93. Redwire Co. has a 1 year low of $2.35 and a 1 year high of $9.36.

Redwire (NYSE:RDW - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.15). The company had revenue of $78.11 million during the quarter, compared to analysts' expectations of $66.86 million. Analysts anticipate that Redwire Co. will post -0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RDW shares. B. Riley lowered shares of Redwire from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $8.00 to $9.50 in a report on Tuesday, October 29th. Cantor Fitzgerald reissued an "overweight" rating and issued a $6.00 price objective on shares of Redwire in a report on Monday, September 30th. Finally, Alliance Global Partners lifted their target price on Redwire from $7.00 to $8.25 and gave the stock a "buy" rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Redwire presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.95.

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.