Arkadios Wealth Advisors Takes Position in Redwire Co. (NYSE:RDW)

Arkadios Wealth Advisors purchased a new stake in Redwire Co. (NYSE:RDW) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $165,000.

A number of other large investors also recently modified their holdings of RDW. Rhumbline Advisers lifted its stake in shares of Redwire by 64.7% in the 2nd 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. Squarepoint Ops LLC increased its holdings in Redwire by 59.4% in the second quarter. Squarepoint Ops LLC now owns 71,236 shares of the company’s stock valued at $511,000 after purchasing an additional 26,543 shares during the period. AQR Capital Management LLC acquired a new stake in Redwire in the second quarter valued at $89,000. The Manufacturers Life Insurance Company acquired a new stake in Redwire in the second quarter valued at $74,000. Finally, SG Americas Securities LLC increased its holdings in Redwire by 39.6% in the third quarter. SG Americas Securities LLC now owns 21,870 shares of the company’s stock valued at $150,000 after purchasing an additional 6,200 shares during the period. 8.10% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder Park Lp Genesis II sold 89,870 shares of the firm’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $16.99, for a total value of $1,526,891.30. Following the transaction, the insider now owns 4,603,427 shares of the company’s stock, valued at approximately $78,212,224.73. This trade represents a 1.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 417,656 shares of company stock worth $7,663,352 in the last three months. Company insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RDW shares. HC Wainwright increased their price objective on Redwire from $18.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday. B. Riley downgraded Redwire from a “buy” rating to a “neutral” rating and increased their price objective for the company from $8.00 to $9.50 in a report on Tuesday, October 29th. Roth Mkm increased their price target on Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Cantor Fitzgerald assumed coverage on Redwire in a report on Friday. They set an “overweight” rating and a $28.00 price target for the company. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Redwire presently has an average rating of “Moderate Buy” and an average price target of $15.13.

Redwire Price Performance

Shares of RDW opened at $21.18 on Friday. The stock has a 50-day moving average of $14.78 and a 200-day moving average of $9.85. The company has a market cap of $1.41 billion, a PE ratio of -17.51 and a beta of 2.17. Redwire Co. has a one year low of $2.76 and a one year high of $23.35.

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.