Ae Red Holdings, Llc Sells 1,862,063 Shares of Redwire (NYSE:RDW) Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 1,862,063 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $10.44, for a total value of $19,439,937.72. Following the completion of the transaction, the director directly owned 83,632,283 shares of the company’s stock, valued at $873,121,034.52. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Redwire Stock Up 4.3%

Shares of Redwire stock opened at $10.26 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.05. Redwire Corporation has a 1-year low of $4.87 and a 1-year high of $26.66. The business’s fifty day moving average price is $6.89 and its two-hundred day moving average price is $9.80. The company has a market capitalization of $1.69 billion, a P/E ratio of -3.24 and a beta of 2.44.

Redwire (NYSE:RDW) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.15). Redwire had a negative return on equity of 16.24% and a negative net margin of 70.32%.The business had revenue of $103.43 million during the quarter, compared to the consensus estimate of $132.05 million. As a group, research analysts forecast that Redwire Corporation will post -0.85 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RDW. KeyCorp assumed coverage on shares of Redwire in a research note on Thursday, December 18th. They issued a “sector weight” rating for the company. Industrial Alliance Securities set a $9.00 target price on Redwire in a research report on Thursday, November 6th. Cantor Fitzgerald decreased their price target on Redwire from $20.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. Zacks Research raised Redwire from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Finally, HC Wainwright restated a “buy” rating and issued a $22.00 price objective on shares of Redwire in a report on Tuesday, December 23rd. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.50.

Hedge Funds Weigh In On Redwire

A number of hedge funds have recently modified their holdings of RDW. JPMorgan Chase & Co. lifted its holdings in shares of Redwire by 2,556.0% during the third quarter. JPMorgan Chase & Co. now owns 577,271 shares of the company’s stock valued at $5,190,000 after purchasing an additional 555,536 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Redwire by 440.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 6,620 shares of the company’s stock valued at $60,000 after buying an additional 5,395 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Redwire by 24.9% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,994 shares of the company’s stock worth $207,000 after buying an additional 4,591 shares during the period. Brevan Howard Capital Management LP purchased a new position in shares of Redwire in the third quarter worth approximately $726,000. Finally, Alliancebernstein L.P. raised its holdings in shares of Redwire by 10.6% during the third quarter. Alliancebernstein L.P. now owns 60,162 shares of the company’s stock valued at $541,000 after acquiring an additional 5,762 shares during the period. 8.10% of the stock is currently owned by institutional investors and hedge funds.

Redwire Company Profile

Redwire Corporation is a space infrastructure company specializing in the design, engineering and manufacturing of mission-critical hardware and software for the spaceflight industry. The company’s offerings include deployable structures, solar power systems, radio frequency antennas, advanced composites and transparent optics. Redwire serves a broad customer base that spans civil space agencies, national defense organizations and commercial satellite operators, helping enable missions ranging from communications and Earth observation to deep-space exploration.

Formed through the strategic combination of several specialized space technology firms, Redwire’s portfolio encompasses both flight-proven hardware and cutting-edge in-space manufacturing capabilities.