LJI Wealth Management LLC Has $230,000 Stock Position in Redwire Co. (NYSE:RDW)

LJI Wealth Management LLC lessened its holdings in shares of Redwire Co. (NYSE:RDW) by 6.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,500 shares of the company’s stock after selling 2,500 shares during the quarter. LJI Wealth Management LLC owned approximately 0.05% of Redwire worth $230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Harbor Capital Advisors Inc. acquired a new stake in Redwire during the 3rd quarter valued at $623,000. Bank of New York Mellon Corp raised its position in shares of Redwire by 496.1% in the second quarter. Bank of New York Mellon Corp now owns 71,340 shares of the company’s stock valued at $512,000 after purchasing an additional 59,372 shares during the period. Squarepoint Ops LLC lifted its stake in shares of Redwire by 59.4% during the 2nd quarter. Squarepoint Ops LLC now owns 71,236 shares of the company’s stock worth $511,000 after buying an additional 26,543 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Redwire during the 1st quarter worth about $59,000. Finally, Rhumbline Advisers grew its stake in Redwire by 64.7% in the 2nd quarter. Rhumbline Advisers now owns 32,335 shares of the company’s stock valued at $232,000 after buying an additional 12,703 shares during the last quarter. Institutional investors own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RDW. B. Riley cut shares of Redwire from a “buy” rating to a “neutral” rating and increased their price target for the company from $8.00 to $9.50 in a report on Tuesday, October 29th. Cantor Fitzgerald reissued an “overweight” rating and set a $6.00 price target on shares of Redwire in a report on Monday, September 30th. Alliance Global Partners boosted their price target on Redwire from $7.00 to $8.25 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Finally, Roth Mkm increased their price objective on Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Redwire presently has a consensus rating of “Moderate Buy” and an average target price of $8.55.

Redwire Stock Performance

Shares of NYSE RDW traded up $0.14 during midday trading on Friday, reaching $10.39. The company’s stock had a trading volume of 668,596 shares, compared to its average volume of 352,709. The company has a market cap of $691.31 million, a P/E ratio of -8.59 and a beta of 1.93. The business’s 50 day moving average price is $7.67 and its two-hundred day moving average price is $6.57. Redwire Co. has a fifty-two week low of $2.41 and a fifty-two week high of $10.85.

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.