Redwire Co. (NYSE:RDW) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC raised its stake in shares of Redwire Co. (NYSE:RDW - Free Report) by 22.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 324,200 shares of the company's stock after acquiring an additional 59,400 shares during the quarter. Renaissance Technologies LLC owned approximately 0.49% of Redwire worth $5,336,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Summit Securities Group LLC bought a new position in shares of Redwire during the fourth quarter worth about $63,000. Jones Financial Companies Lllp grew its position in shares of Redwire by 45.7% in the 4th quarter. Jones Financial Companies Lllp now owns 4,372 shares of the company's stock worth $72,000 after acquiring an additional 1,372 shares in the last quarter. US Bancorp DE bought a new stake in shares of Redwire in the 4th quarter valued at approximately $119,000. Stifel Financial Corp acquired a new stake in shares of Redwire during the 3rd quarter valued at approximately $139,000. Finally, Quantbot Technologies LP bought a new position in Redwire during the fourth quarter worth $154,000. Institutional investors own 8.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RDW. HC Wainwright reissued a "buy" rating and set a $26.00 target price on shares of Redwire in a report on Wednesday, March 12th. Cantor Fitzgerald reissued an "overweight" rating and issued a $28.00 target price on shares of Redwire in a report on Tuesday, March 11th. Alliance Global Partners reaffirmed a "buy" rating on shares of Redwire in a report on Tuesday, March 11th. Finally, B. Riley cut their price target on Redwire from $27.00 to $25.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Redwire has an average rating of "Moderate Buy" and a consensus price target of $17.71.

Insider Buying and Selling

In related news, major shareholder Park Lp Genesis II sold 100,000 shares of the company's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $21.92, for a total value of $2,192,000.00. Following the completion of the sale, the insider now owns 4,007,489 shares of the company's stock, valued at $87,844,158.88. This represents a 2.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 416,798 shares of company stock valued at $8,961,141 in the last three months. 2.60% of the stock is currently owned by corporate insiders.

Redwire Trading Up 3.1 %

Shares of NYSE:RDW opened at $10.13 on Monday. The firm's 50 day moving average is $12.63 and its two-hundred day moving average is $13.32. The firm has a market capitalization of $765.78 million, a P/E ratio of -8.37 and a beta of 2.51. Redwire Co. has a 52 week low of $3.54 and a 52 week high of $26.66.

Redwire Company 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.

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