Redwire Co. (NYSE:RDW) Shares Sold by Virtu Financial LLC

Virtu Financial LLC decreased its holdings in shares of Redwire Co. (NYSE:RDW - Free Report) by 66.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,511 shares of the company's stock after selling 40,929 shares during the quarter. Virtu Financial LLC's holdings in Redwire were worth $338,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its holdings 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 during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Redwire by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,641 shares of the company's stock worth $1,080,000 after purchasing an additional 2,533 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Redwire by 6.9% during the fourth quarter. Bank of New York Mellon Corp now owns 52,170 shares of the company's stock worth $859,000 after purchasing an additional 3,357 shares during the last quarter. US Bancorp DE purchased a new stake in shares of Redwire during the fourth quarter valued at $119,000. Finally, MetLife Investment Management LLC increased 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 during the period. 8.10% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of brokerages have commented on RDW. B. Riley dropped their target price on shares of Redwire from $27.00 to $25.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Alliance Global Partners reiterated a "buy" rating on shares of Redwire in a report on Tuesday, March 11th. HC Wainwright restated a "buy" rating and issued a $26.00 price target on shares of Redwire in a report on Wednesday, March 12th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $28.00 price objective on shares of Redwire in a report on Tuesday, March 11th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Redwire currently has an average rating of "Moderate Buy" and an average target price of $17.71.

Insider Activity at Redwire

In related news, major shareholder Park Lp Genesis II sold 10,115 shares of Redwire stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $24.11, for a total transaction of $243,872.65. Following the completion of the transaction, the insider now directly owns 3,644,566 shares in the company, valued at approximately $87,870,486.26. This trade represents a 0.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 589,213 shares of company stock worth $12,059,370 over the last three months. Company insiders own 2.60% of the company's stock.

Redwire Trading Up 3.3 %

Shares of RDW stock traded up $0.28 during mid-day trading on Tuesday, reaching $8.57. The stock had a trading volume of 1,558,873 shares, compared to its average volume of 878,711. The business's fifty day moving average is $16.60 and its 200-day moving average is $13.11. The firm has a market cap of $647.36 million, a price-to-earnings ratio of -7.08 and a beta of 2.33. Redwire Co. has a 1-year low of $3.39 and a 1-year high of $26.66.

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.