Key Points
- Ae Red Holdings, LLC sold 12,656,683 shares of Redwire on Jan. 14 at an average price of $10.51 for about $133.0M, reducing its stake by 17.06% to 61,541,253 shares (valued ≈$646.8M).
- The Jan. 6–14 transactions represent a series of disposals totaling about 23,953,093 shares, worth roughly $252M in aggregate.
- Redwire is currently unprofitable (recent EPS miss and negative margins), has a market cap of ≈$1.8B, and carries an average analyst rating of "Hold" with an average target price of $13.13.
Redwire Corporation (NYSE:RDW - Get Free Report) Director Ae Red Holdings, Llc sold 1,662,484 shares of the business's stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $10.34, for a total transaction of $17,190,084.56. Following the completion of the transaction, the director directly owned 74,197,936 shares of the company's stock, valued at approximately $767,206,658.24. This represents a 2.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Ae Red Holdings, Llc also recently made the following trade(s):
- 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 transaction of $133,021,738.33.
- 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 value 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 value of $18,200,422.11.
- On Wednesday, January 7th, Ae Red Holdings, Llc sold 872,599 shares of Redwire stock. The shares were sold at an average price of $10.08, for a total value of $8,795,797.92.
- On Tuesday, January 6th, Ae Red Holdings, Llc sold 1,862,063 shares of Redwire stock. The shares were sold at an average price of $10.44, for a total value of $19,439,937.72.
Redwire Stock Performance
NYSE RDW opened at $10.89 on Friday. The business's 50-day moving average price is $7.25 and its 200 day moving average price is $9.61. The company has a current ratio of 1.41, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20. Redwire Corporation has a twelve month low of $4.87 and a twelve month high of $26.66. The company has a market capitalization of $1.80 billion, a PE ratio of -3.44 and a beta of 2.44.
Redwire (NYSE:RDW - Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.15). Redwire had a negative net margin of 70.32% and a negative return on equity of 16.24%. The business had revenue of $103.43 million during the quarter, compared to analysts' expectations of $132.05 million. On average, research analysts predict that Redwire Corporation will post -0.85 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Abich Financial Wealth Management LLC purchased a new stake in shares of Redwire in the third quarter worth about $41,000. Russell Investments Group Ltd. lifted its position in Redwire by 308.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company's stock worth $44,000 after acquiring an additional 3,672 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Redwire in the 2nd quarter worth approximately $54,000. Caitong International Asset Management Co. Ltd grew its position in Redwire by 440.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 6,620 shares of the company's stock valued at $60,000 after acquiring an additional 5,395 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of Redwire during the first quarter valued at approximately $69,000. Institutional investors and hedge funds own 8.10% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently commented on RDW shares. Weiss Ratings restated a "sell (d-)" rating on shares of Redwire in a report on Wednesday, October 8th. Roth Capital reissued a "buy" rating and set a $15.00 price target on shares of Redwire in a research report on Thursday, November 6th. Bank of America cut their price objective on Redwire from $9.00 to $6.00 and set an "underperform" rating on the stock in a report on Wednesday, November 19th. Zacks Research raised Redwire from a "strong sell" rating to a "hold" rating in a research note on Monday, November 10th. Finally, Cantor Fitzgerald decreased 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. Six equities 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's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $13.13.
Get Our Latest Stock Analysis on Redwire
Redwire Company Profile
(
Get Free Report)
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.
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