Key Points
- Ae Red Holdings, LLC sold 3,932,686 shares of Redwire on Jan. 29 at an average price of $12.80 for about $50.34 million, leaving the director with 52,760,700 shares (a 6.94% ownership decrease).
- Across January the holder sold roughly 32.73 million shares of RDW for approximately $367 million in total proceeds, as Redwire shares trade down and analysts have issued mixed-to-lower price targets (average target ~$13.75).
Redwire Corporation (NYSE:RDW - Get Free Report) Director Ae Red Holdings, Llc sold 3,932,686 shares of the business's stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $12.80, for a total transaction of $50,338,380.80. Following the sale, the director owned 52,760,700 shares of the company's stock, valued at approximately $675,336,960. This represents a 6.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Ae Red Holdings, Llc also recently made the following trade(s):
- 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 transaction of $64,428,152.43.
- On Wednesday, January 14th, Ae Red Holdings, Llc sold 12,656,683 shares of Redwire stock. The shares were 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 value 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 stock was 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 transaction of $19,439,937.72.
Redwire Trading Down 8.4%
NYSE RDW opened at $11.73 on Friday. The stock has a market cap of $1.94 billion, a P/E ratio of -3.70 and a beta of 2.44. The company's fifty day simple moving average is $8.63 and its 200-day simple moving average is $9.30. 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 52 week low of $4.87 and a 52 week high of $26.66.
Redwire (NYSE:RDW - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $103.43 million for the quarter, compared to analysts' expectations of $132.05 million. Redwire had a negative return on equity of 16.24% and a negative net margin of 70.32%. Equities research analysts predict that Redwire Corporation will post -0.85 EPS for the current fiscal year.
Institutional Investors Weigh In On Redwire
Institutional investors have recently modified their holdings of the business. Ameritas Advisory Services LLC acquired a new stake in Redwire during the second quarter worth about $54,000. CWM LLC grew its holdings in shares of Redwire by 1,725.0% during the fourth quarter. CWM LLC now owns 4,088 shares of the company's stock valued at $31,000 after purchasing an additional 3,864 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of Redwire during the 3rd quarter worth approximately $41,000. Russell Investments Group Ltd. lifted its holdings in shares of Redwire by 308.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company's stock worth $44,000 after purchasing an additional 3,672 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Redwire by 32.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company's stock worth $102,000 after buying an additional 1,533 shares during the period. Institutional investors own 8.10% of the company's stock.
Wall Street Analysts Forecast Growth
RDW has been the subject of a number of recent analyst reports. Cantor Fitzgerald lowered their price objective on Redwire from $20.00 to $9.00 and set an "overweight" rating for the company in a research note on Wednesday, December 10th. Zacks Research raised shares of Redwire from a "strong sell" rating to a "hold" rating in a research report on Monday, November 10th. Industrial Alliance Securities set a $9.00 price target on shares of Redwire in a report on Thursday, November 6th. Bank of America reduced their price objective on shares of Redwire from $9.00 to $6.00 and set an "underperform" rating on the stock in a research note on Wednesday, November 19th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Redwire in a research report on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $13.75.
Get Our Latest Research Report on RDW
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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