Ae Red Holdings, Llc Sells 1,772,193 Shares of Redwire (NYSE:RDW) Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 1,772,193 shares of Redwire stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $10.27, for a total value of $18,200,422.11. Following the completion of the transaction, the director owned 80,987,491 shares of the company’s stock, valued at approximately $831,741,532.57. The trade was a 2.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Ae Red Holdings, Llc also recently made the following trade(s):

• On Wednesday, January 7th, Ae Red Holdings, Llc sold 872,599 shares of Redwire stock. The stock was sold at an average price of $10.08, for a total value of $8,795,797.92.
• On Tuesday, January 6th, Ae Red Holdings, Llc sold 1,862,063 shares of Redwire stock. The stock was sold at an average price of $10.44, for a total transaction of $19,439,937.72.

Redwire Stock Up 6.8%

Shares of NYSE:RDW opened at $10.97 on Friday. The company’s fifty day moving average is $6.95 and its two-hundred day moving average is $9.72. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.05 and a current ratio of 1.41. Redwire Corporation has a 1-year low of $4.87 and a 1-year high of $26.66. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of -3.46 and a beta of 2.44.

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

Institutional Investors Weigh In On Redwire

Several institutional investors have recently bought and sold shares of RDW. AE Industrial Partners LP increased its stake in Redwire by 7.1% during the 3rd quarter. AE Industrial Partners LP now owns 91,598,704 shares of the company’s stock valued at $823,472,000 after buying an additional 6,101,959 shares during the period. Vanguard Group Inc. increased its stake in shares of Redwire by 2.9% during the third quarter. Vanguard Group Inc. now owns 3,242,848 shares of the company’s stock valued at $29,153,000 after acquiring an additional 91,045 shares during the period. Voya Investment Management LLC bought a new stake in Redwire during the third quarter worth approximately $20,372,000. Hood River Capital Management LLC acquired a new stake in Redwire in the second quarter worth approximately $36,206,000. Finally, Cooper Creek Partners Management LLC bought a new position in Redwire during the 2nd quarter valued at $32,652,000. Institutional investors and hedge funds own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RDW. Industrial Alliance Securities set a $9.00 price target on Redwire in a report on Thursday, November 6th. Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a research note on Thursday, November 6th. Roth Capital restated a “buy” rating and set a $15.00 price target on shares of Redwire in a research report on Thursday, November 6th. KeyCorp initiated coverage on shares of Redwire in a research report on Thursday, December 18th. They issued a “sector weight” rating on the stock. Finally, Zacks Research raised shares of Redwire from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.13.

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.