Walleye Capital LLC Sells 111,323 Shares of Redwire Corporation $RDW

Walleye Capital LLC reduced its holdings in Redwire Corporation (NYSE:RDW) by 21.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 402,224 shares of the company’s stock after selling 111,323 shares during the period. Walleye Capital LLC’s holdings in Redwire were worth $3,334,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Redwire by 4.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,876 shares of the company’s stock worth $212,000 after buying an additional 532 shares during the period. JPMorgan Chase & Co. increased its position in Redwire by 7.8% in the 4th quarter. JPMorgan Chase & Co. now owns 10,854 shares of the company’s stock worth $179,000 after buying an additional 782 shares during the period. Quarry LP bought a new position in Redwire in the 4th quarter worth approximately $33,000. Deutsche Bank AG increased its position in Redwire by 40.0% in the 1st quarter. Deutsche Bank AG now owns 14,072 shares of the company’s stock worth $117,000 after buying an additional 4,017 shares during the period. Finally, Wells Fargo & Company MN increased its position in Redwire by 43.4% in the 4th quarter. Wells Fargo & Company MN now owns 16,326 shares of the company’s stock worth $269,000 after buying an additional 4,939 shares during the period. 8.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Roth Capital restated a “buy” rating on shares of Redwire in a research report on Tuesday, June 24th. Alliance Global Partners restated a “buy” rating on shares of Redwire in a research report on Monday, May 12th. Wall Street Zen cut Redwire from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 9th. Truist Financial set a $16.00 price objective on Redwire and gave the company a “hold” rating in a research report on Thursday, June 26th. Finally, Bank of America assumed coverage on Redwire in a research report on Monday, August 18th. They set an “underperform” rating and a $10.00 price objective on the stock. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Redwire presently has a consensus rating of “Moderate Buy” and an average target price of $18.07.

Redwire Price Performance

Redwire stock opened at $8.95 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.46. The firm has a market cap of $1.29 billion, a P/E ratio of -2.75 and a beta of 2.52. The business’s fifty day moving average is $13.93 and its two-hundred day moving average is $13.55. Redwire Corporation has a 52 week low of $5.67 and a 52 week high of $26.66.

Redwire (NYSE:RDW) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.28). Redwire had a negative net margin of 71.95% and a negative return on equity of 32.67%. The firm had revenue of $61.76 million for the quarter, compared to analyst estimates of $80.48 million. Equities research analysts forecast that Redwire Corporation will post -0.85 earnings per share for the current fiscal year.

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.