Key Points
- Ae Red Holdings, Llc sold 1,312,126 Redwire shares on Feb. 2 at an average price of $11.12 for $14,590,841.12, leaving the director with 49,898,395 shares valued at about $554.9 million (a 2.56% ownership decrease).
- The same holder has executed a string of large dispositions in January–early February, selling roughly $401 million of RDW stock across multiple trades, signaling substantial insider selling activity.
- Redwire trades with a market cap of about $1.86 billion
Redwire Corporation (NYSE:RDW - Get Free Report) Director Ae Red Holdings, Llc sold 1,312,126 shares of the company's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $11.12, for a total value of $14,590,841.12. Following the completion of the transaction, the director owned 49,898,395 shares of the company's stock, valued at $554,870,152.40. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Ae Red Holdings, Llc also recently made the following trade(s):
- 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 shares were sold at an average price of $10.51, for a total transaction of $133,021,738.33.
- On Tuesday, January 13th, Ae Red Holdings, Llc sold 1,662,484 shares of Redwire stock. The stock was sold at an average price of $10.34, for a total transaction of $17,190,084.56.
- On Monday, January 12th, Ae Red Holdings, Llc sold 2,871,715 shares of Redwire stock. The shares were 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 transaction 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 transaction 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 transaction 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 Stock Up 3.4%
Shares of NYSE:RDW opened at $11.25 on Wednesday. The stock has a market capitalization of $1.86 billion, a P/E ratio of -3.55 and a beta of 2.45. The stock's 50-day moving average price is $8.86 and its 200-day moving average price is $9.07. 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 12-month low of $4.87 and a 12-month high of $26.66.
Redwire (NYSE:RDW - Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $103.43 million during the quarter, compared to the consensus estimate of $132.05 million. On average, equities analysts anticipate that Redwire Corporation will post -0.85 earnings per share for the current year.
Institutional Trading of Redwire
Several large investors have recently added to or reduced their stakes in RDW. AE Industrial Partners LP raised its holdings in Redwire by 139.3% in the 2nd quarter. AE Industrial Partners LP now owns 85,496,745 shares of the company's stock worth $1,394,000 after purchasing an additional 49,765,262 shares in the last quarter. Voya Investment Management LLC bought a new stake in shares of Redwire during the 3rd quarter valued at about $20,372,000. Hood River Capital Management LLC purchased a new position in shares of Redwire during the second quarter valued at about $36,206,000. Cooper Creek Partners Management LLC purchased a new position in shares of Redwire during the second quarter valued at about $32,652,000. Finally, UBS Group AG raised its stake in Redwire by 140.8% in the fourth quarter. UBS Group AG now owns 2,039,902 shares of the company's stock worth $15,503,000 after buying an additional 1,192,885 shares in the last quarter. Institutional investors own 8.10% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on RDW shares. Alliance Global Partners restated a "buy" rating on shares of Redwire in a report on Thursday, November 6th. Bank of America dropped their price target on shares of Redwire from $9.00 to $6.00 and set an "underperform" rating for the company in a research report on Wednesday, November 19th. Industrial Alliance Securities set a $9.00 price target on shares of Redwire in a report on Thursday, November 6th. HC Wainwright restated a "buy" rating and issued a $22.00 price objective on shares of Redwire in a research report on Tuesday, December 23rd. Finally, Roth Mkm reiterated a "buy" rating and set a $20.00 target price on shares of Redwire in a report on Wednesday, January 28th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $13.75.
Read Our Latest Analysis on Redwire
About Redwire
(
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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