Redwire (NYSE:RDW) Director Ae Red Holdings, Llc Sells 2,871,715 Shares of Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 2,871,715 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $10.77, for a total transaction of $30,928,370.55. Following the transaction, the director directly owned 75,860,420 shares in the company, valued at $817,016,723.40. The trade was a 3.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Friday, January 9th, Ae Red Holdings, Llc sold 2,255,356 shares of Redwire stock. The stock was sold at an average price of $10.83, for a total transaction of $24,425,505.48.
• 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 value of $18,200,422.11.
• 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 shares were sold at an average price of $10.44, for a total value of $19,439,937.72.

Redwire Stock Performance

Redwire stock opened at $10.11 on Wednesday. The stock has a fifty day moving average price of $7.08 and a 200 day moving average price of $9.59. Redwire Corporation has a 52 week low of $4.87 and a 52 week high of $26.66. The firm has a market capitalization of $1.67 billion, a P/E ratio of -3.19 and a beta of 2.44. The company has a current ratio of 1.41, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20.

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

Institutional Investors Weigh In On Redwire

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

Analysts Set New Price Targets

RDW has been the topic of a number of recent analyst reports. Zacks Research raised shares of Redwire from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Bank of America cut their target price on Redwire from $9.00 to $6.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 19th. HC Wainwright reissued a “buy” rating and set a $22.00 price target on shares of Redwire in a research report on Tuesday, December 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Redwire in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald cut their price objective on Redwire from $20.00 to $9.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus 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.