Penserra Capital Management LLC Has $512,000 Stock Holdings in Redwire Co. (NYSE:RDW)

Penserra Capital Management LLC grew its stake in shares of Redwire Co. (NYSE:RDW) by 16.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,626 shares of the company’s stock after acquiring an additional 10,558 shares during the period. Penserra Capital Management LLC owned 0.11% of Redwire worth $512,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC purchased a new position in Redwire in the first quarter valued at about $59,000. Vontobel Holding Ltd. bought a new stake in shares of Redwire in the 3rd quarter valued at approximately $74,000. The Manufacturers Life Insurance Company acquired a new position in Redwire in the second quarter worth approximately $74,000. AQR Capital Management LLC bought a new position in Redwire during the second quarter valued at approximately $89,000. Finally, Rhumbline Advisers lifted its stake in Redwire by 64.7% in the second quarter. Rhumbline Advisers now owns 32,335 shares of the company’s stock valued at $232,000 after acquiring an additional 12,703 shares during the last quarter. 8.10% of the stock is currently owned by hedge funds and other institutional investors.

Redwire Price Performance

Shares of RDW opened at $13.49 on Thursday. Redwire Co. has a one year low of $2.49 and a one year high of $14.40. The company’s fifty day moving average price is $8.61 and its 200 day moving average price is $7.05. The company has a market capitalization of $897.62 million, a PE ratio of -10.87 and a beta of 1.93.

Analyst Upgrades and Downgrades

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

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.