Harbor Capital Advisors Inc. Invests $497,000 in Redwire Corporation $RDW

Harbor Capital Advisors Inc. bought a new position in Redwire Corporation (NYSE:RDW) during the 4th quarter, HoldingsChannel reports. The fund bought 65,403 shares of the company’s stock, valued at approximately $497,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in shares of Redwire by 32.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock valued at $102,000 after purchasing an additional 1,533 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Redwire by 24.0% during the third quarter. Jones Financial Companies Lllp now owns 12,617 shares of the company’s stock valued at $111,000 after purchasing an additional 2,442 shares during the last quarter. Huntleigh Advisors Inc. raised its holdings in shares of Redwire by 4.2% during the third quarter. Huntleigh Advisors Inc. now owns 61,837 shares of the company’s stock valued at $556,000 after purchasing an additional 2,488 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Redwire by 12.0% during the second quarter. BNP Paribas Financial Markets now owns 30,396 shares of the company’s stock valued at $495,000 after purchasing an additional 3,248 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Redwire by 308.6% during the third quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock valued at $44,000 after purchasing an additional 3,672 shares during the last quarter. Institutional investors own 8.10% of the company’s stock.

Analysts Set New Price Targets

RDW has been the subject of several research reports. KeyCorp initiated coverage on shares of Redwire in a report on Thursday, December 18th. They set a “sector weight” rating for the company. Zacks Research raised shares of Redwire from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 11th. Canaccord Genuity Group boosted their price objective on shares of Redwire from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday, February 27th. Roth Mkm reissued a “buy” rating and set a $20.00 price objective on shares of Redwire in a report on Wednesday, January 28th. Finally, Jefferies Financial Group decreased their price objective on shares of Redwire from $13.00 to $12.00 and set a “buy” rating for the company in a report on Friday, March 6th. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Redwire presently has an average rating of “Moderate Buy” and an average price target of $13.89.

Insider Buying and Selling at Redwire

In other Redwire news, Director Ae Red Holdings, Llc sold 12,656,683 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $10.51, for a total value of $133,021,738.33. Following the completion of the transaction, the director directly owned 61,541,253 shares in the company, valued at $646,798,569.03. This represents a 17.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 49,725,210 shares of company stock valued at $537,913,080 in the last three months. Corporate insiders own 2.60% of the company’s stock.

Redwire Stock Up 1.7%

Shares of RDW stock opened at $9.89 on Tuesday. Redwire Corporation has a 12 month low of $4.87 and a 12 month high of $22.25. The stock has a market cap of $1.90 billion, a P/E ratio of -4.17 and a beta of 2.49. The company has a current ratio of 1.62, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The company has a 50 day simple moving average of $9.44 and a two-hundred day simple moving average of $8.56.

Redwire (NYSE:RDW) last announced its earnings results on Wednesday, February 25th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.19). Redwire had a negative net margin of 67.55% and a negative return on equity of 13.04%. The business had revenue of $108.79 million for the quarter, compared to analysts’ expectations of $98.78 million. On average, research analysts expect that Redwire Corporation will post -0.85 earnings per share for the current year.

Redwire Company Profile

Redwire Corporation is a space infrastructure company specializing in the design, engineering and manufacturing of mission-critical hardware and software for the spaceflight industry. The company’s offerings include deployable structures, solar power systems, radio frequency antennas, advanced composites and transparent optics. Redwire serves a broad customer base that spans civil space agencies, national defense organizations and commercial satellite operators, helping enable missions ranging from communications and Earth observation to deep-space exploration.

Formed through the strategic combination of several specialized space technology firms, Redwire’s portfolio encompasses both flight-proven hardware and cutting-edge in-space manufacturing capabilities.