Redwire Co. (NYSE:RDW) Stake Boosted by Barclays PLC

Barclays PLC grew its position in Redwire Co. (NYSE:RDW - Free Report) by 55.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,181,138 shares of the company's stock after acquiring an additional 422,854 shares during the quarter. Barclays PLC owned approximately 1.78% of Redwire worth $8,115,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new position in Redwire in the third quarter worth about $623,000. SG Americas Securities LLC raised its position in shares of Redwire by 17.2% during the 2nd 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 during the period. Bank of New York Mellon Corp raised its position in shares of Redwire by 496.1% during 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 during the period. Rhumbline Advisers lifted its holdings in shares of Redwire by 64.7% in the 2nd quarter. Rhumbline Advisers now owns 32,335 shares of the company's stock worth $232,000 after purchasing an additional 12,703 shares during the last quarter. Finally, LJI Wealth Management LLC acquired a new position in Redwire during the 2nd quarter valued at approximately $258,000. 8.10% of the stock is owned by institutional investors and hedge funds.

Redwire Trading Down 8.6 %

RDW traded down $1.18 on Wednesday, reaching $12.47. The company had a trading volume of 1,133,261 shares, compared to its average volume of 396,665. The company has a market capitalization of $829.77 million, a P/E ratio of -10.31 and a beta of 2.25. The company has a fifty day moving average of $10.45 and a 200-day moving average of $7.89. Redwire Co. has a one year low of $2.68 and a one year high of $15.25.

Analysts Set New Price Targets

RDW has been the topic of a number of recent research reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $6.00 target price on shares of Redwire in a research note on Monday, September 30th. B. Riley downgraded shares of Redwire from a "buy" rating to a "neutral" rating and lifted their price objective 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 target price on shares of Redwire in a research note on Wednesday, December 11th. Finally, Roth Mkm raised their price target 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 company's stock. According to MarketBeat, the company 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.