133,400 Shares in Red Cat Holdings, Inc. (NASDAQ:RCAT) Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new position in Red Cat Holdings, Inc. (NASDAQ:RCAT) during the 4th quarter, Holdings Channel.com reports. The firm purchased 133,400 shares of the company’s stock, valued at approximately $1,714,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in RCAT. Waddell & Associates LLC purchased a new stake in shares of Red Cat in the 4th quarter worth approximately $159,643,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Red Cat in the 4th quarter worth approximately $6,628,000. Captrust Financial Advisors purchased a new stake in shares of Red Cat in the 4th quarter worth approximately $4,262,000. Apis Capital Advisors LLC grew its stake in shares of Red Cat by 61.7% in the 4th quarter. Apis Capital Advisors LLC now owns 650,000 shares of the company’s stock worth $8,352,000 after buying an additional 248,000 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Red Cat by 9.0% in the 4th quarter. Vanguard Group Inc. now owns 2,505,613 shares of the company’s stock worth $32,197,000 after buying an additional 207,727 shares during the last quarter. Hedge funds and other institutional investors own 37.97% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on RCAT shares. Northland Capmk raised Red Cat to a “strong-buy” rating in a research report on Monday, March 10th. Northland Securities started coverage on Red Cat in a research report on Tuesday, March 11th. They issued an “outperform” rating and a $13.00 price objective on the stock.

Red Cat Stock Performance

RCAT stock opened at $6.49 on Friday. The stock has a market capitalization of $587.44 million, a PE ratio of -12.02 and a beta of 1.37. Red Cat Holdings, Inc. has a 12-month low of $0.80 and a 12-month high of $15.27. The company has a current ratio of 1.43, a quick ratio of 0.60 and a debt-to-equity ratio of 0.30. The stock’s 50 day simple moving average is $5.77 and its 200 day simple moving average is $7.43.

Red Cat (NASDAQ:RCAT) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.17). Red Cat had a negative net margin of 232.62% and a negative return on equity of 96.00%. As a group, research analysts forecast that Red Cat Holdings, Inc. will post -0.5 earnings per share for the current fiscal year.

About Red Cat

Red Cat Holdings, Inc engages in the provision of various products, services, and solutions to the drone industry. The company operates through two segments: Enterprise and Consumer. It built infrastructure to manages drone fleets and fly, and provide services remotely, navigate confined industrial interior spaces and dangerous military environment.