Ae Red Holdings, Llc Sells 97,066 Shares of Redwire (NYSE:RDW) Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 97,066 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $10.06, for a total transaction of $976,483.96. Following the completion of the transaction, the director owned 44,740,653 shares in the company, valued at $450,090,969.18. This represents a 0.22% 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 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 shares were sold at an average price of $10.01, for a total transaction 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 transaction 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 transaction of $131,487.98.
• 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 stock was 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 shares were 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 stock was 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.

Redwire Stock Performance

Redwire stock traded up $0.56 during trading hours on Tuesday, reaching $10.10. 18,221,940 shares of the stock were exchanged, compared to its average volume of 25,246,762. Redwire Corporation has a 52-week low of $4.87 and a 52-week high of $22.25. The stock has a market cap of $1.67 billion, a P/E ratio of -4.26 and a beta of 2.50. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.62. The firm’s 50 day moving average is $9.96 and its 200 day moving average is $8.49.

Redwire (NYSE:RDW) last issued its earnings results on Wednesday, February 25th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $108.79 million during the quarter, compared to analysts’ expectations of $98.78 million. Analysts predict that Redwire Corporation will post -0.85 EPS for the current fiscal year.

Institutional Trading of Redwire

Several institutional investors and hedge funds have recently modified their holdings of RDW. Rockefeller Capital Management L.P. increased its stake in shares of Redwire by 1,054.0% during 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 stake in 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 valued at $2,051,000 after buying an additional 263,253 shares in the last quarter. Corecam Pte. Ltd. acquired a new stake in Redwire during the 4th quarter valued at $288,000. Alpine Global Management LLC acquired a new stake in Redwire during the 4th quarter valued at $93,000. Finally, Sunbelt Securities Inc. increased its position in Redwire by 601.1% during the fourth quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company’s stock worth $30,000 after buying an additional 3,396 shares in the last quarter. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on RDW shares. Bank of America decreased their target price on shares of Redwire from $9.00 to $6.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 19th. Roth Mkm reaffirmed a “buy” rating and issued a $20.00 target price on shares of Redwire in a report on Wednesday, January 28th. Zacks Research raised Redwire from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Redwire in a research note on Thursday, January 22nd. Finally, HC Wainwright reaffirmed a “buy” rating and set a $22.00 price objective on shares of Redwire in a report on Tuesday, December 23rd. Eight investment 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.