Caz Investments LP Reduces Holdings in Redwire Co. (NYSE:RDW)

Caz Investments LP reduced its stake in Redwire Co. (NYSE:RDW) by 69.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,000 shares of the company’s stock after selling 4,500 shares during the quarter. Redwire comprises about 0.0% of Caz Investments LP’s portfolio, making the stock its 28th largest holding. Caz Investments LP’s holdings in Redwire were worth $33,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Jones Financial Companies Lllp increased its holdings in shares of Redwire by 45.7% in the fourth quarter. Jones Financial Companies Lllp now owns 4,372 shares of the company’s stock valued at $72,000 after purchasing an additional 1,372 shares during the period. MetLife Investment Management LLC boosted its position in Redwire by 129.1% in the third quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock valued at $97,000 after buying an additional 7,921 shares during the last quarter. US Bancorp DE acquired a new position in Redwire in the 4th quarter worth approximately $119,000. Stifel Financial Corp acquired a new stake in Redwire during the 3rd quarter valued at approximately $139,000. Finally, Quantbot Technologies LP acquired a new stake in Redwire during the 4th quarter valued at approximately $154,000. 8.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Park Lp Genesis II sold 150,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $19.61, for a total transaction of $2,941,500.00. Following the completion of the transaction, the insider now owns 4,157,489 shares in the company, valued at $81,528,359.29. This represents a 3.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 594,584 shares of company stock worth $12,156,101 over the last three months. 2.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

RDW has been the subject of several recent research reports. B. Riley reduced their target price on shares of Redwire from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. HC Wainwright reiterated a “buy” rating and set a $26.00 price objective on shares of Redwire in a research note on Wednesday, March 12th. Alliance Global Partners restated a “buy” rating on shares of Redwire in a research note on Tuesday, March 11th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $28.00 target price on shares of Redwire in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.71.

Redwire Stock Down 10.7 %

Shares of Redwire stock opened at $8.81 on Friday. The firm has a market cap of $665.42 million, a PE ratio of -7.28 and a beta of 2.33. The business has a 50-day moving average price of $17.01 and a 200 day moving average price of $12.98. Redwire Co. has a twelve month low of $3.39 and a twelve month high of $26.66.

Redwire Company 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.