Ae Red Holdings, Llc Sells 3,932,686 Shares of Redwire (NYSE:RDW) Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 3,932,686 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $12.80, for a total transaction of $50,338,380.80. Following the completion of the transaction, the director owned 52,760,700 shares in the company, valued at approximately $675,336,960. This represents a 6.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, January 28th, Ae Red Holdings, Llc sold 4,847,867 shares of Redwire stock. The shares were sold at an average price of $13.29, for a total value of $64,428,152.43.
• On Wednesday, January 14th, Ae Red Holdings, Llc sold 12,656,683 shares of Redwire stock. The shares were sold at an average price of $10.51, for a total value of $133,021,738.33.
• On Tuesday, January 13th, Ae Red Holdings, Llc sold 1,662,484 shares of Redwire stock. The shares were sold at an average price of $10.34, for a total transaction of $17,190,084.56.
• On Monday, January 12th, Ae Red Holdings, Llc sold 2,871,715 shares of Redwire stock. The shares were sold at an average price of $10.77, for a total transaction of $30,928,370.55.
• On Friday, January 9th, Ae Red Holdings, Llc sold 2,255,356 shares of Redwire stock. The shares were sold at an average price of $10.83, for a total value 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 transaction 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 Down 8.4%

Shares of NYSE RDW opened at $11.73 on Friday. The business has a 50-day moving average of $8.63 and a two-hundred day moving average of $9.25. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of -3.70 and a beta of 2.44. Redwire Corporation has a 1 year low of $4.87 and a 1 year 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 announced 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). The business had revenue of $103.43 million during the quarter, compared to analyst estimates of $132.05 million. Redwire had a negative net margin of 70.32% and a negative return on equity of 16.24%. On average, analysts forecast that Redwire Corporation will post -0.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Redwire

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Advisory Services LLC purchased a new position in shares of Redwire in the second quarter valued at $54,000. CWM LLC lifted its position in shares of Redwire by 1,725.0% during the fourth quarter. CWM LLC now owns 4,088 shares of the company’s stock worth $31,000 after purchasing an additional 3,864 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of Redwire in the 3rd quarter worth approximately $41,000. Russell Investments Group Ltd. boosted its holdings in Redwire by 308.6% in the third quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock worth $44,000 after purchasing an additional 3,672 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Redwire by 32.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock valued at $102,000 after buying an additional 1,533 shares during the period. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Analysts Set New Price Targets

RDW has been the topic of a number of recent research reports. Roth Mkm reaffirmed a “buy” rating and issued a $20.00 target price on shares of Redwire in a report on Wednesday. HC Wainwright reiterated a “buy” rating and set a $22.00 target price on shares of Redwire in a research report on Tuesday, December 23rd. Industrial Alliance Securities set a $9.00 price target on Redwire in a research note on Thursday, November 6th. Bank of America reduced their target price on Redwire from $9.00 to $6.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 19th. Finally, KeyCorp initiated coverage on Redwire in a report on Thursday, December 18th. They set a “sector weight” rating on the stock. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Redwire presently has a consensus rating of “Hold” and a consensus target price of $13.75.

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.