SG Americas Securities LLC Has $148,000 Position in Redwire Co. (NYSE:RDW)

SG Americas Securities LLC reduced its stake in shares of Redwire Co. (NYSE:RDW - Free Report) by 58.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,020 shares of the company's stock after selling 12,850 shares during the quarter. SG Americas Securities LLC's holdings in Redwire were worth $148,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Vontobel Holding Ltd. bought a new position in Redwire in the third quarter valued at approximately $74,000. The Manufacturers Life Insurance Company bought a new position in Redwire in the second quarter valued at approximately $74,000. AQR Capital Management LLC bought a new position in Redwire in the second quarter valued at approximately $89,000. MetLife Investment Management LLC boosted its stake in Redwire by 129.1% in the third quarter. MetLife Investment Management LLC now owns 14,058 shares of the company's stock valued at $97,000 after acquiring an additional 7,921 shares during the last quarter. Finally, Stifel Financial Corp bought a new position in Redwire in the third quarter valued at approximately $139,000. 8.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Park Lp Genesis II sold 5,371 shares of the firm's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.01, for a total transaction of $96,731.71. Following the sale, the insider now directly owns 4,598,056 shares in the company, valued at $82,810,988.56. This trade represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 674,339 shares of company stock worth $13,439,120 over the last ninety days. Company insiders own 2.60% of the company's stock.

Redwire Price Performance

RDW traded down $2.06 during mid-day trading on Friday, hitting $23.60. The stock had a trading volume of 1,750,759 shares, compared to its average volume of 2,088,256. The stock's fifty day simple moving average is $17.79 and its 200-day simple moving average is $11.48. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of -19.50 and a beta of 2.23. Redwire Co. has a 1-year low of $2.89 and a 1-year high of $26.66.

Analyst Upgrades and Downgrades

RDW has been the topic of a number of recent research reports. Roth Mkm raised 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. HC Wainwright raised their price objective on shares of Redwire from $18.00 to $26.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Cantor Fitzgerald started coverage on shares of Redwire in a report on Friday, January 24th. They issued an "overweight" rating and a $28.00 target price on the stock. Finally, B. Riley upgraded shares of Redwire from a "neutral" rating to a "buy" rating and increased their target price for the stock from $9.50 to $27.00 in a report on Monday, January 27th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $18.04.

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.