Andar Capital Management HK Ltd Makes New $3.62 Million Investment in Redwire Co. (NYSE:RDW)

Andar Capital Management HK Ltd bought a new position in Redwire Co. (NYSE:RDW) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 220,000 shares of the company’s stock, valued at approximately $3,621,000. Redwire makes up approximately 4.7% of Andar Capital Management HK Ltd’s portfolio, making the stock its 8th biggest holding. Andar Capital Management HK Ltd owned 0.33% of Redwire at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its holdings in Redwire by 45.7% in the fourth quarter. Jones Financial Companies Lllp now owns 4,372 shares of the company’s stock worth $72,000 after acquiring an additional 1,372 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Redwire by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,641 shares of the company’s stock valued at $1,080,000 after purchasing an additional 2,533 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Redwire by 6.9% during the fourth quarter. Bank of New York Mellon Corp now owns 52,170 shares of the company’s stock valued at $859,000 after purchasing an additional 3,357 shares in the last quarter. US Bancorp DE bought a new position in shares of Redwire during the fourth quarter valued at $119,000. Finally, MetLife Investment Management LLC lifted its holdings 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 valued at $97,000 after purchasing an additional 7,921 shares in the last quarter. 8.10% of the stock is owned by institutional investors.

Redwire Stock Performance

Redwire stock opened at $11.04 on Wednesday. The stock has a market cap of $734.61 million, a PE ratio of -9.12 and a beta of 2.33. Redwire Co. has a one year low of $3.39 and a one year high of $26.66. The stock has a fifty day moving average of $17.65 and a 200 day moving average of $12.81.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on RDW shares. B. Riley lowered their price target on Redwire from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. HC Wainwright reaffirmed a “buy” rating and set a $26.00 price target on shares of Redwire in a report on Wednesday, March 12th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $28.00 price target on shares of Redwire in a report on Tuesday, March 11th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Redwire in a report on Tuesday, March 11th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $17.71.

Insider Activity at Redwire

In related news, major shareholder Park Lp Genesis II sold 150,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $19.61, for a total transaction of $2,941,500.00. Following the completion of the sale, the insider now owns 4,157,489 shares in the company, valued at approximately $81,528,359.29. This represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 684,454 shares of company stock worth $13,682,993. 2.60% of the stock is owned by insiders.

About Redwire

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.