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 Redwire stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $9.45, for a total transaction of $23,625,000.00. Following the completion of the transaction, the director directly owned 33,635,217 shares in the company, valued at $317,852,800.65. This trade represents a 6.92% 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 link.

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 stock was sold at an average price of $9.15, for a total value of $68,625,000.00.
• On Wednesday, March 18th, Ae Red Holdings, Llc sold 81,319 shares of Redwire stock. The stock was sold at an average price of $10.01, for a total value of $814,003.19.
• On Tuesday, March 17th, Ae Red Holdings, Llc sold 996,927 shares of Redwire stock. The shares were sold at an average price of $10.10, for a total value 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 value of $976,483.96.
• On Friday, March 13th, Ae Red Holdings, Llc sold 11,615 shares of Redwire stock. The stock was sold at an average price of $10.01, for a total value 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 shares were 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 stock was sold at an average price of $11.12, for a total value of $14,590,841.12.

Redwire Stock Up 0.3%

RDW stock opened at $8.19 on Monday. The firm has a 50-day moving average price of $9.70 and a 200-day moving average price of $8.54. Redwire Corporation has a 12 month low of $4.87 and a 12 month high of $22.25. 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 stock has a market capitalization of $1.57 billion, a P/E ratio of -3.45 and a beta of 2.50.

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

Wall Street Analysts Forecast Growth

RDW has been the subject of several research analyst reports. HC Wainwright reiterated a “buy” rating and set a $22.00 price target on shares of Redwire in a report on Tuesday, December 23rd. Canaccord Genuity Group raised their price objective on Redwire from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday, February 27th. Jefferies Financial Group reduced their price objective on Redwire from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Cantor Fitzgerald lowered their target price on Redwire from $20.00 to $9.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Finally, Truist Financial upgraded Redwire from a “hold” rating to a “buy” rating and increased their target price for the company from $13.00 to $15.00 in a research report on Monday, March 9th. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.89.

Hedge Funds Weigh In On Redwire

Several large investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. lifted its holdings in shares of Redwire by 1,054.0% during the fourth 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 during the period. Caitong International Asset Management Co. Ltd increased its holdings in Redwire by 3,976.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 269,873 shares of the company’s stock valued at $2,051,000 after purchasing an additional 263,253 shares during the period. Corecam Pte. Ltd. acquired a new stake in Redwire in the fourth quarter valued at $288,000. Alpine Global Management LLC bought a new position in Redwire during the 4th quarter worth $93,000. Finally, Sunbelt Securities Inc. raised its position in Redwire by 601.1% during the 4th quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company’s stock worth $30,000 after purchasing an additional 3,396 shares during the last quarter. Institutional investors own 8.10% of the company’s stock.

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.