Ae Red Holdings, Llc Sells 872,599 Shares of Redwire (NYSE:RDW) Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 872,599 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $10.08, for a total transaction of $8,795,797.92. Following the sale, the director directly owned 82,759,684 shares of the company’s stock, valued at $834,217,614.72. This represents a 1.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, January 8th, Ae Red Holdings, Llc sold 1,772,193 shares of Redwire stock. The shares were sold at an average price of $10.27, for a total transaction of $18,200,422.11.
• 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 value of $19,439,937.72.

Redwire Price Performance

Shares of Redwire stock opened at $10.97 on Friday. The stock has a market capitalization of $1.81 billion, a P/E ratio of -3.46 and a beta of 2.44. The business has a 50 day simple moving average of $6.95 and a two-hundred day simple moving average of $9.72. Redwire Corporation has a 12 month low of $4.87 and a 12 month high of $26.66. 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 (NYSE:RDW) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $103.43 million during the quarter, compared to analyst estimates of $132.05 million. As a group, analysts predict that Redwire Corporation will post -0.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RDW. Bank of America lowered their price target on shares of Redwire from $9.00 to $6.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 19th. Alliance Global Partners restated a “buy” rating on shares of Redwire in a report on Thursday, November 6th. Cantor Fitzgerald cut their price target on Redwire from $20.00 to $9.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Canaccord Genuity Group lowered their price objective on Redwire from $17.50 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Finally, Industrial Alliance Securities set a $9.00 target price on Redwire in a report on Thursday, November 6th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Redwire currently has an average rating of “Hold” and an average target price of $13.13.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. AE Industrial Partners LP increased its stake in Redwire by 139.3% during the second quarter. AE Industrial Partners LP now owns 85,496,745 shares of the company’s stock worth $1,394,000 after acquiring an additional 49,765,262 shares during the last quarter. Voya Investment Management LLC purchased a new position in shares of Redwire during the 3rd quarter worth $20,372,000. Hood River Capital Management LLC acquired a new stake in shares of Redwire during the 2nd quarter worth about $36,206,000. Cooper Creek Partners Management LLC purchased a new stake in Redwire in the 2nd quarter valued at about $32,652,000. Finally, Two Sigma Investments LP lifted its position in Redwire by 489.3% in the third quarter. Two Sigma Investments LP now owns 1,049,292 shares of the company’s stock valued at $9,433,000 after buying an additional 871,223 shares during the last quarter. 8.10% of the stock is currently owned by hedge funds and other institutional investors.

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.