Ae Red Holdings, Llc Sells 12,656,683 Shares of Redwire (NYSE:RDW) Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 12,656,683 shares of the firm’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $10.51, for a total value of $133,021,738.33. Following the sale, the director directly owned 61,541,253 shares of the company’s stock, valued at approximately $646,798,569.03. This trade represents a 17.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 value 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 stock was 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 shares were 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 transaction 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 Trading Down 1.2%

Redwire stock traded down $0.13 during trading on Thursday, hitting $10.89. The company had a trading volume of 25,874,586 shares, compared to its average volume of 24,849,023. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of -3.44 and a beta of 2.44. The company has a current ratio of 1.41, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20. Redwire Corporation has a 1-year low of $4.87 and a 1-year high of $26.66. The company’s 50 day simple moving average is $7.15 and its 200-day simple moving average is $9.60.

Redwire (NYSE:RDW) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.15). The firm had revenue of $103.43 million for the quarter, compared to analysts’ expectations of $132.05 million. Redwire had a negative return on equity of 16.24% and a negative net margin of 70.32%. As a group, analysts expect that Redwire Corporation will post -0.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. HC Wainwright reissued a “buy” rating and issued a $22.00 price objective on shares of Redwire in a research note on Tuesday, December 23rd. Bank of America dropped their price target on shares of Redwire from $9.00 to $6.00 and set an “underperform” rating for the company in a research note on Wednesday, November 19th. 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a report on Wednesday, October 8th. Finally, Truist Financial set a $13.00 price target on Redwire in a report on Friday, January 9th. 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, Redwire currently has a consensus rating of “Hold” and a consensus target price of $13.13.

Institutional Investors Weigh In On Redwire

Several hedge funds and other institutional investors have recently bought and sold shares of RDW. Ameritas Advisory Services LLC purchased a new stake in Redwire in the 2nd quarter valued at approximately $54,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Redwire in the third quarter valued at $41,000. Russell Investments Group Ltd. lifted its position in shares of Redwire by 308.6% in the third quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock valued at $44,000 after acquiring an additional 3,672 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Redwire by 32.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock valued at $102,000 after acquiring an additional 1,533 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in Redwire by 440.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,620 shares of the company’s stock worth $60,000 after purchasing an additional 5,395 shares in the last quarter. 8.10% of the stock is currently owned by institutional investors and hedge funds.

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.