Tudor Investment Corp ET AL Has $13.22 Million Stake in Red Cat Holdings, Inc. $RCAT

Tudor Investment Corp ET AL lifted its stake in Red Cat Holdings, Inc. (NASDAQ:RCAT) by 214.0% in the third quarter, Holdings Channel.com reports. The firm owned 1,277,523 shares of the company’s stock after acquiring an additional 870,612 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Red Cat were worth $13,222,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Brevan Howard Capital Management LP acquired a new position in Red Cat in the 3rd quarter valued at approximately $19,739,000. AWM Investment Company Inc. boosted its stake in shares of Red Cat by 15.3% during the 2nd quarter. AWM Investment Company Inc. now owns 2,037,616 shares of the company’s stock valued at $14,834,000 after buying an additional 269,942 shares during the period. Kornitzer Capital Management Inc. KS acquired a new stake in shares of Red Cat during the 3rd quarter valued at $880,000. Baader Bank Aktiengesellschaft purchased a new position in shares of Red Cat during the 3rd quarter valued at $491,000. Finally, SG Americas Securities LLC purchased a new position in shares of Red Cat during the 3rd quarter valued at $418,000. 37.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on RCAT shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Red Cat in a report on Thursday, January 22nd. Wall Street Zen upgraded Red Cat from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. LADENBURG THALM/SH SH upped their target price on Red Cat from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Needham & Company LLC raised their price target on Red Cat from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Finally, Northland Securities set a $22.00 price target on Red Cat in a report on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Red Cat presently has a consensus rating of “Hold” and a consensus target price of $20.67.

Red Cat Price Performance

RCAT stock opened at $12.94 on Monday. The firm has a 50 day moving average of $13.76 and a two-hundred day moving average of $11.46. Red Cat Holdings, Inc. has a 12 month low of $4.60 and a 12 month high of $18.78. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of -17.25 and a beta of 1.46.

Red Cat (NASDAQ:RCAT) last released its quarterly earnings results on Wednesday, March 18th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). Red Cat had a negative net margin of 176.96% and a negative return on equity of 38.86%. The business had revenue of $26.24 million for the quarter, compared to the consensus estimate of $24.50 million. On average, research analysts expect that Red Cat Holdings, Inc. will post -0.5 EPS for the current fiscal year.

Red Cat Company Profile

Red Cat Holdings, Inc (NASDAQ: RCAT) is a technology holding company that develops and delivers advanced robotics, autonomy, and sensing solutions for defense, national security, public safety and commercial customers. Headquartered in American Fork, Utah, the company brings together a portfolio of specialized operating businesses focused on unmanned aerial systems (UAS), mission management software, precision mapping sensors and engineering services.

Through its UAS segment, Red Cat designs and manufactures small to medium-sized fixed-wing and vertical-takeoff drones that support intelligence, surveillance and reconnaissance (ISR) missions.