Virtu Financial LLC Lowers Stock Holdings in Redwire Co. (NYSE:RDW)

Virtu Financial LLC lessened its holdings in Redwire Co. (NYSE:RDW) by 66.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 20,511 shares of the company’s stock after selling 40,929 shares during the period. Virtu Financial LLC’s holdings in Redwire were worth $338,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Barclays PLC grew its position in shares of Redwire by 55.8% during the third quarter. Barclays PLC now owns 1,181,138 shares of the company’s stock worth $8,115,000 after purchasing an additional 422,854 shares in the last quarter. Andar Capital Management HK Ltd purchased a new stake in Redwire during the 4th quarter valued at approximately $3,621,000. Van ECK Associates Corp bought a new stake in shares of Redwire during the fourth quarter valued at approximately $1,151,000. State Street Corp boosted its position in shares of Redwire by 8.1% during the third quarter. State Street Corp now owns 473,295 shares of the company’s stock worth $3,252,000 after acquiring an additional 35,519 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Redwire by 6.3% during the third quarter. Geode Capital Management LLC now owns 523,743 shares of the company’s stock valued at $3,599,000 after acquiring an additional 30,963 shares in the last quarter. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on RDW shares. B. Riley decreased their price target 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. Cantor Fitzgerald restated an “overweight” rating and set a $28.00 target price on shares of Redwire in a research report on Tuesday, March 11th. HC Wainwright reiterated a “buy” rating and issued a $26.00 price target on shares of Redwire in a research report on Wednesday, March 12th. Finally, Alliance Global Partners restated a “buy” rating on shares of Redwire in a research report on Tuesday, March 11th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Redwire has an average rating of “Moderate Buy” and a consensus target price of $17.71.

Insiders Place Their Bets

In related news, major shareholder Park Lp Genesis II sold 72,415 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $17.90, for a total value of $1,296,228.50. Following the completion of the transaction, the insider now owns 4,422,853 shares of the company’s stock, valued at $79,169,068.70. The trade was a 1.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 594,584 shares of company stock worth $12,156,101 in the last three months. Corporate insiders own 2.60% of the company’s stock.

Redwire Price Performance

Shares of NYSE:RDW opened at $9.87 on Friday. The business has a 50 day simple moving average of $17.12 and a two-hundred day simple moving average of $12.96. Redwire Co. has a 1 year low of $3.39 and a 1 year high of $26.66. The firm has a market capitalization of $745.53 million, a PE ratio of -8.15 and a beta of 2.33.

About Redwire

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.