Ae Red Holdings, Llc Sells 542,368 Shares of Redwire (NYSE:RDW) Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 542,368 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $9.37, for a total value of $5,081,988.16. Following the completion of the sale, the director owned 32,685,073 shares in the company, valued at $306,259,134.01. The trade was a 1.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, April 8th, Ae Red Holdings, Llc sold 407,776 shares of Redwire stock. The shares were sold at an average price of $10.17, for a total value of $4,147,081.92.
• On Wednesday, March 25th, Ae Red Holdings, Llc sold 2,500,000 shares of Redwire stock. The shares were sold at an average price of $9.45, for a total value of $23,625,000.00.
• On Tuesday, March 24th, Ae Red Holdings, Llc sold 7,500,000 shares of Redwire stock. The shares were sold at an average price of $9.15, for a total value of $68,625,000.00.
• On Wednesday, March 18th, Ae Red Holdings, Llc sold 81,319 shares of Redwire stock. The shares were sold at an average price of $10.01, for a total value of $814,003.19.
• On Tuesday, March 17th, Ae Red Holdings, Llc sold 996,927 shares of Redwire stock. The shares were sold at an average price of $10.10, for a total value of $10,068,962.70.
• 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 value of $976,483.96.
• On Friday, March 13th, Ae Red Holdings, Llc sold 11,615 shares of Redwire stock. The shares were sold at an average price of $10.01, for a total value of $116,266.15.
• On Tuesday, February 10th, Ae Red Holdings, Llc sold 49,985 shares of Redwire stock. The shares were sold at an average price of $10.01, for a total value of $500,349.85.
• On Monday, February 9th, Ae Red Holdings, Llc sold 1,385,507 shares of Redwire stock. The shares were 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 shares were sold at an average price of $11.18, for a total value of $131,487.98.

Redwire Price Performance

Redwire stock opened at $9.28 on Friday. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of -3.91 and a beta of 2.49. Redwire Corporation has a 52-week low of $4.87 and a 52-week high of $22.25. The stock’s 50 day moving average price is $9.16 and its two-hundred day moving average price is $8.59. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.62.

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

Hedge Funds Weigh In On Redwire

A number of large investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. lifted its holdings in shares of Redwire by 1,054.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company’s stock worth $31,000 after purchasing an additional 3,668 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Redwire by 3,976.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 269,873 shares of the company’s stock worth $2,051,000 after purchasing an additional 263,253 shares in the last quarter. Corecam Pte. Ltd. bought a new position in shares of Redwire in the 4th quarter worth $288,000. Alpine Global Management LLC bought a new position in shares of Redwire in the 4th quarter worth $93,000. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Redwire by 601.1% in the 4th quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company’s stock worth $30,000 after purchasing an additional 3,396 shares in the last quarter. 8.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RDW shares. Canaccord Genuity Group increased their price target on Redwire from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Redwire in a report on Thursday, January 22nd. Truist Financial upgraded Redwire from a “hold” rating to a “buy” rating and increased their price target for the stock from $13.00 to $15.00 in a report on Monday, March 9th. KeyCorp started coverage on Redwire in a report on Thursday, December 18th. They set a “sector weight” rating on the stock. Finally, HC Wainwright restated a “buy” rating and set a $22.00 price target on shares of Redwire in a report on Tuesday, December 23rd. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Redwire presently has an average rating of “Moderate Buy” and a consensus target price 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.