Ae Red Holdings, Llc Sells 2,500,000 Shares of Redwire (NYSE:RDW) Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 2,500,000 shares of the business’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $9.45, for a total transaction of $23,625,000.00. Following the transaction, the director owned 33,635,217 shares in the company, valued at approximately $317,852,800.65. The trade was a 6.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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 transaction 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 transaction of $814,003.19.
• On Tuesday, March 17th, Ae Red Holdings, Llc sold 996,927 shares of Redwire stock. The stock was sold at an average price of $10.10, for a total transaction 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 transaction 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 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 value 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 shares were 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.

Redwire Stock Performance

Shares of NYSE RDW opened at $8.19 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.57 billion, a P/E ratio of -3.45 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 stock has a 50 day moving average of $9.70 and a 200-day moving average of $8.53.

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

Institutional Investors Weigh In On Redwire

A number of institutional investors have recently modified their holdings of the business. AE Industrial Partners LP grew its stake in shares of Redwire by 139.3% in the second quarter. AE Industrial Partners LP now owns 85,496,745 shares of the company’s stock valued at $1,394,000 after acquiring an additional 49,765,262 shares in the last quarter. Voya Investment Management LLC acquired a new stake in Redwire in the 3rd quarter worth about $20,372,000. Hood River Capital Management LLC acquired a new stake in Redwire in the 2nd quarter worth about $36,206,000. Cooper Creek Partners Management LLC bought a new stake in Redwire in the 2nd quarter valued at about $32,652,000. Finally, State Street Corp boosted its holdings in Redwire by 61.1% in the 4th quarter. State Street Corp now owns 4,708,600 shares of the company’s stock valued at $35,785,000 after purchasing an additional 1,786,038 shares during the period. Institutional investors own 8.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Jefferies Financial Group cut their target price on shares of Redwire from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, March 6th. Zacks Research upgraded shares of Redwire from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th. Canaccord Genuity Group raised their price objective on shares of Redwire from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. HC Wainwright restated a “buy” rating and set a $22.00 price objective on shares of Redwire in a report on Tuesday, December 23rd. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $20.00 target price on shares of Redwire in a research report on Wednesday, January 28th. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $13.89.

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.