Verition Fund Management LLC Sells 15,178 Shares of Redwire Co. (NYSE:RDW)

Verition Fund Management LLC cut its position in Redwire Co. (NYSE:RDW) by 40.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,900 shares of the company’s stock after selling 15,178 shares during the quarter. Verition Fund Management LLC’s holdings in Redwire were worth $150,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Vontobel Holding Ltd. acquired a new stake in Redwire in the third quarter valued at $74,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Redwire in the second quarter valued at about $74,000. AQR Capital Management LLC acquired a new stake in shares of Redwire in the second quarter valued at about $89,000. MetLife Investment Management LLC raised its position in shares of Redwire by 129.1% during the third quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock worth $97,000 after acquiring an additional 7,921 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Redwire by 17.2% in the second quarter. SG Americas Securities LLC now owns 15,670 shares of the company’s stock worth $112,000 after acquiring an additional 2,296 shares during the period. 8.10% of the stock is currently owned by institutional investors.

Redwire Stock Up 13.2 %

Shares of NYSE RDW opened at $13.62 on Tuesday. The firm has a market cap of $906.29 million, a PE ratio of -11.26 and a beta of 2.25. The company’s fifty day simple moving average is $10.21 and its 200 day simple moving average is $7.77. Redwire Co. has a 12-month low of $2.68 and a 12-month high of $15.25.

Analysts Set New Price Targets

Several research firms have issued reports on RDW. Cantor Fitzgerald restated an “overweight” rating and set a $6.00 price target on shares of Redwire in a report on Monday, September 30th. HC Wainwright restated a “buy” rating and issued a $18.00 target price on shares of Redwire in a report on Wednesday, December 11th. Roth Mkm upped their price target on shares of Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, B. Riley lowered Redwire from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $8.00 to $9.50 in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.