Ae Red Holdings, Llc Sells 996,927 Shares of Redwire (NYSE:RDW) Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 996,927 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $10.10, for a total transaction of $10,068,962.70. Following the completion of the sale, the director owned 43,743,726 shares of the company’s stock, valued at approximately $441,811,632.60. This represents a 2.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Wednesday, March 18th, Ae Red Holdings, Llc sold 81,319 shares of Redwire stock. The stock was sold at an average price of $10.01, for a total value of $814,003.19.
• On Monday, March 16th, Ae Red Holdings, Llc sold 97,066 shares of Redwire stock. The shares were sold at an average price of $10.06, for a total transaction of $976,483.96.
• On Friday, March 13th, Ae Red Holdings, Llc sold 11,615 shares of Redwire stock. The stock was sold at an average price of $10.01, for a total transaction of $116,266.15.
• On Tuesday, February 10th, Ae Red Holdings, Llc sold 49,985 shares of Redwire stock. The stock was sold at an average price of $10.01, for a total transaction of $500,349.85.
• On Monday, February 9th, Ae Red Holdings, Llc sold 1,385,507 shares of Redwire stock. The stock was sold at an average price of $10.10, for a total value of $13,993,620.70.
• On Wednesday, February 4th, Ae Red Holdings, Llc sold 11,761 shares of Redwire stock. The stock was sold at an average price of $11.18, for a total value of $131,487.98.
• On Tuesday, February 3rd, Ae Red Holdings, Llc sold 3,357,142 shares of Redwire stock. The shares were sold at an average price of $11.18, for a total value of $37,532,847.56.
• On Monday, February 2nd, Ae Red Holdings, Llc sold 1,312,126 shares of Redwire stock. The shares were sold at an average price of $11.12, for a total value of $14,590,841.12.
• 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 transaction of $50,338,380.80.

Redwire Trading Down 4.3%

Shares of Redwire stock opened at $9.22 on Friday. The firm’s 50 day simple moving average is $9.90 and its two-hundred day simple moving average is $8.52. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of -3.89 and a beta of 2.50. Redwire Corporation has a 12-month low of $4.87 and a 12-month high of $22.25. The company has a current ratio of 1.62, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08.

Redwire (NYSE:RDW) last posted its quarterly earnings data on Wednesday, February 25th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.19). Redwire had a negative return on equity of 13.04% and a negative net margin of 67.55%.The company had revenue of $108.79 million for the quarter, compared to analyst estimates of $98.78 million. Analysts predict that Redwire Corporation will post -0.85 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. AQR Capital Management LLC increased its stake in shares of Redwire by 125.0% during the first quarter. AQR Capital Management LLC now owns 51,437 shares of the company’s stock worth $426,000 after purchasing an additional 28,576 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in 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 buying an additional 276,814 shares in the last quarter. Strs Ohio acquired a new stake in Redwire in the 1st quarter worth about $69,000. Geode Capital Management LLC boosted its holdings in Redwire by 77.1% in the 2nd quarter. Geode Capital Management LLC now owns 935,297 shares of the company’s stock worth $15,248,000 after buying an additional 407,131 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in Redwire by 71.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 7,724 shares of the company’s stock worth $126,000 after buying an additional 3,213 shares in the last quarter. 8.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RDW has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Redwire in a report on Thursday, January 22nd. Canaccord Genuity Group upped their price target on shares of Redwire from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday, February 27th. Zacks Research upgraded Redwire from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th. Truist Financial raised Redwire from a “hold” rating to a “buy” rating and boosted their price objective for the company from $13.00 to $15.00 in a report on Monday, March 9th. Finally, Jefferies Financial Group lowered their target price on Redwire from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.89.

About Redwire

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.