Redwire Co. (NYSE:RDW) Shares Sold by Caz Investments LP

Caz Investments LP reduced its position in Redwire Co. (NYSE:RDW) by 35.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,500 shares of the company’s stock after selling 3,500 shares during the period. Redwire makes up about 0.0% of Caz Investments LP’s holdings, making the stock its 25th biggest holding. Caz Investments LP’s holdings in Redwire were worth $45,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Redwire in the 1st quarter worth about $59,000. Vontobel Holding Ltd. acquired a new position in shares of Redwire in the 3rd quarter worth approximately $74,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Redwire during the 2nd quarter valued at approximately $74,000. AQR Capital Management LLC bought a new position in Redwire during the second quarter worth $89,000. Finally, Rhumbline Advisers raised its holdings in shares of Redwire by 64.7% during the second 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 period. 8.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RDW has been the topic of a number of recent research reports. HC Wainwright initiated coverage on shares of Redwire in a report on Tuesday. They issued a “buy” rating and a $18.00 target price on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $6.00 price objective on shares of Redwire in a research report on Monday, September 30th. B. Riley cut Redwire from a “buy” rating to a “neutral” rating and raised their target price for the company from $8.00 to $9.50 in a research note on Tuesday, October 29th. Roth Mkm boosted their price target on shares of Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Alliance Global Partners increased their price objective on shares of Redwire from $7.00 to $8.25 and gave the stock a “buy” rating in a report on Tuesday, July 30th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.13.

Redwire Stock Performance

NYSE:RDW opened at $13.78 on Wednesday. The stock has a market cap of $916.92 million, a price-to-earnings ratio of -11.39 and a beta of 1.93. Redwire Co. has a 1 year low of $2.49 and a 1 year high of $14.40. The business has a fifty day moving average of $8.61 and a 200-day moving average of $7.05.

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.