Ae Red Holdings, Llc Sells 11,761 Shares of Redwire (NYSE:RDW) Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 11,761 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $11.18, for a total transaction of $131,487.98. Following the transaction, the director owned 46,529,492 shares in the company, valued at $520,199,720.56. The trade was a 0.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, February 3rd, Ae Red Holdings, Llc sold 3,357,142 shares of Redwire stock. The stock was sold at an average price of $11.18, for a total transaction 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 value of $50,338,380.80.
• On Wednesday, January 28th, Ae Red Holdings, Llc sold 4,847,867 shares of Redwire stock. The shares were sold at an average price of $13.29, for a total value of $64,428,152.43.
• On Wednesday, January 14th, Ae Red Holdings, Llc sold 12,656,683 shares of Redwire stock. The stock was sold at an average price of $10.51, for a total value of $133,021,738.33.
• On Tuesday, January 13th, Ae Red Holdings, Llc sold 1,662,484 shares of Redwire stock. The shares were 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 stock was 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 shares were 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 stock was sold at an average price of $10.27, for a total transaction of $18,200,422.11.

Redwire Stock Performance

NYSE RDW traded down $1.25 on Thursday, reaching $8.79. 27,461,574 shares of the company’s stock traded hands, compared to its average volume of 34,500,988. Redwire Corporation has a fifty-two week low of $4.87 and a fifty-two week high of $26.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.05 and a current ratio of 1.41. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -2.77 and a beta of 2.45. The stock has a 50 day moving average price of $8.95 and a 200-day moving average price of $9.08.

Redwire (NYSE:RDW) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.15). The company had revenue of $103.43 million during the quarter, compared to analyst estimates of $132.05 million. Redwire had a negative net margin of 70.32% and a negative return on equity of 16.24%. Equities research analysts predict that Redwire Corporation will post -0.85 EPS for the current fiscal year.

Institutional Trading of Redwire

Hedge funds have recently bought and sold shares of the business. CWM LLC boosted its holdings in shares of Redwire by 1,725.0% during the 4th quarter. CWM LLC now owns 4,088 shares of the company’s stock worth $31,000 after purchasing an additional 3,864 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in Redwire during the third quarter worth $41,000. Russell Investments Group Ltd. boosted its stake in Redwire by 308.6% during the third quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock worth $44,000 after buying an additional 3,672 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in Redwire in the 2nd quarter valued at $54,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Redwire by 440.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,620 shares of the company’s stock worth $60,000 after acquiring an additional 5,395 shares during the last quarter. Institutional investors and hedge funds own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Industrial Alliance Securities set a $9.00 target price on shares of Redwire in a research note on Thursday, November 6th. Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a research report on Thursday, November 6th. Zacks Research upgraded Redwire from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Roth Mkm reaffirmed a “buy” rating and issued a $20.00 price target on shares of Redwire in a report on Wednesday, January 28th. Finally, Canaccord Genuity Group dropped their price objective on Redwire from $17.50 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $13.75.

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.