Ae Red Holdings, Llc Sells 1,312,126 Shares of Redwire (NYSE:RDW) Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 1,312,126 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $11.12, for a total value of $14,590,841.12. Following the sale, the director owned 49,898,395 shares of the company’s stock, valued at approximately $554,870,152.40. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Friday, January 30th, Ae Red Holdings, Llc sold 1,550,179 shares of Redwire stock. The stock was sold at an average price of $12.65, for a total value of $19,609,764.35.
• On Thursday, January 29th, Ae Red Holdings, Llc sold 3,932,686 shares of Redwire stock. The stock was sold at an average price of $12.80, for a total value of $50,338,380.80.
• 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 stock was 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 stock was 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 transaction 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 shares were 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 shares were sold at an average price of $10.44, for a total transaction of $19,439,937.72.

Redwire Trading Down 11.0%

RDW opened at $10.02 on Thursday. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of -3.16 and a beta of 2.45. The company’s 50 day simple moving average is $8.95 and its two-hundred day simple moving average is $9.08. 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 posted 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 net margin of 70.32% and a negative return on equity of 16.24%. The company had revenue of $103.43 million during the quarter, compared to analysts’ expectations of $132.05 million. Analysts expect that Redwire Corporation will post -0.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. HC Wainwright reiterated a “buy” rating and set a $22.00 price target on shares of Redwire in a report on Tuesday, December 23rd. KeyCorp initiated coverage on shares of Redwire in a research report on Thursday, December 18th. They set a “sector weight” rating for the company. Industrial Alliance Securities set a $9.00 target price on shares of Redwire in a research note on Thursday, November 6th. Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a report on Thursday, November 6th. Finally, Roth Mkm restated a “buy” rating and set a $20.00 price target on shares of Redwire in a report on Wednesday, January 28th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Redwire presently has a consensus rating of “Hold” and a consensus price target of $13.75.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. HighPoint Advisor Group LLC acquired a new stake in shares of Redwire during the fourth quarter valued at about $103,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Redwire during the 4th quarter worth approximately $7,676,000. SBI Securities Co. Ltd. boosted its position in shares of Redwire by 264.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 44,765 shares of the company’s stock worth $340,000 after purchasing an additional 32,476 shares during the period. Sigma Planning Corp increased its holdings in Redwire by 50.3% in the 4th quarter. Sigma Planning Corp now owns 17,079 shares of the company’s stock valued at $130,000 after purchasing an additional 5,715 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. purchased a new stake in Redwire in the fourth quarter valued at approximately $76,000. Hedge funds and other institutional investors own 8.10% of the company’s stock.

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.