Penserra Capital Management LLC Acquires 10,558 Shares of Redwire Co. (NYSE:RDW)

Penserra Capital Management LLC increased its stake in shares of Redwire Co. (NYSE:RDW) by 16.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,626 shares of the company’s stock after acquiring an additional 10,558 shares during the quarter. Penserra Capital Management LLC’s holdings in Redwire were worth $512,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in Redwire during the first quarter valued at about $59,000. Vanguard Group Inc. increased its position in shares of Redwire by 0.3% during the first quarter. Vanguard Group Inc. now owns 1,118,812 shares of the company’s stock valued at $4,912,000 after purchasing an additional 3,681 shares during the period. DNB Asset Management AS raised its stake in shares of Redwire by 23.9% in the second quarter. DNB Asset Management AS now owns 39,094 shares of the company’s stock valued at $280,000 after purchasing an additional 7,538 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Redwire by 496.1% in the second quarter. Bank of New York Mellon Corp now owns 71,340 shares of the company’s stock worth $512,000 after purchasing an additional 59,372 shares during the period. Finally, Rhumbline Advisers boosted its stake in Redwire by 64.7% during the second quarter. Rhumbline Advisers now owns 32,335 shares of the company’s stock worth $232,000 after buying an additional 12,703 shares in the last quarter. 8.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. HC Wainwright assumed coverage on shares of Redwire in a report on Tuesday. They set a “buy” rating and a $18.00 price objective for the company. B. Riley cut shares of Redwire from a “buy” rating to a “neutral” rating and raised their price target for the stock from $8.00 to $9.50 in a research note on Tuesday, October 29th. Roth Mkm upped their price objective on Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $6.00 target price on shares of Redwire in a research report on Monday, September 30th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.13.

Redwire Stock Down 2.1 %

NYSE:RDW opened at $13.49 on Thursday. The firm has a market cap of $897.62 million, a PE ratio of -10.87 and a beta of 1.93. The company’s 50-day moving average price is $8.61 and its two-hundred day moving average price is $7.05. Redwire Co. has a 12 month low of $2.49 and a 12 month high of $14.40.

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.