Ae Red Holdings, Llc Sells 4,847,867 Shares of Redwire (NYSE:RDW) Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 4,847,867 shares of Redwire stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $13.29, for a total transaction of $64,428,152.43. Following the completion of the sale, the director directly owned 56,693,386 shares of the company’s stock, valued at approximately $753,455,099.94. The trade was a 7.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Thursday, January 29th, Ae Red Holdings, Llc sold 3,932,686 shares of Redwire stock. The shares were sold at an average price of $12.80, for a total transaction of $50,338,380.80.
• 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 stock was sold at an average price of $10.27, for a total transaction 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 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 company has a 50 day moving average price of $8.63 and a two-hundred day moving average price of $9.25. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.05 and a current ratio of 1.41. The company has a market capitalization of $1.94 billion, a PE ratio of -3.70 and a beta of 2.44. Redwire Corporation has a 52 week low of $4.87 and a 52 week high of $26.66.

Redwire (NYSE:RDW) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $103.43 million during the quarter, compared to the consensus estimate of $132.05 million. Analysts forecast that Redwire Corporation will post -0.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

RDW has been the topic of several research reports. KeyCorp initiated coverage on Redwire in a research note on Thursday, December 18th. They issued a “sector weight” rating for the company. Cantor Fitzgerald reduced their price objective on Redwire from $20.00 to $9.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. Industrial Alliance Securities set a $9.00 target price on shares of Redwire in a research report on Thursday, November 6th. Truist Financial set a $13.00 price target on Redwire in a research note on Friday, January 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a report on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $13.75.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RDW. AQR Capital Management LLC increased its holdings in Redwire by 125.0% in the 1st quarter. AQR Capital Management LLC now owns 51,437 shares of the company’s stock worth $426,000 after acquiring an additional 28,576 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Redwire by 352.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 355,265 shares of the company’s stock valued at $2,945,000 after acquiring an additional 276,814 shares in the last quarter. Strs Ohio purchased a new stake in Redwire in the first quarter valued at approximately $69,000. Ameritas Advisory Services LLC bought a new stake in shares of Redwire during the 2nd quarter worth $54,000. Finally, Tcfg Wealth Management LLC lifted its stake in Redwire by 25.9% during the second quarter. Tcfg Wealth Management LLC now owns 25,265 shares of the company’s stock worth $412,000 after purchasing an additional 5,200 shares during the last quarter. 8.10% of the stock is owned by 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.