Key Points
- Ae Red Holdings, LLC sold 1,385,507 Redwire (RDW) shares on Feb. 9 at $10.10 for about $13.99M, reducing its position by 2.98% to 45,143,985 shares valued near $456M.
- The sale is part of a string of recent large dispositions (including a 12.66M-share sale on Jan. 14), amounting to roughly $380M of stock sold over the past few weeks, indicating substantial insider liquidation.
- Redwire shares opened at $9.02 (down ~3.9%), the company has a market cap of about $1.49B, and analysts' consensus is a "Hold" with a $13.75 price target.
Redwire Corporation (NYSE:RDW - Get Free Report) Director Ae Red Holdings, Llc sold 49,985 shares of the company's stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $10.01, for a total transaction of $500,349.85. Following the completion of the transaction, the director owned 45,094,000 shares of the company's stock, valued at approximately $451,390,940. The trade was a 0.11% decrease in their position. The sale 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 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 transaction 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 transaction of $131,487.98.
- On Tuesday, February 3rd, Ae Red Holdings, Llc sold 3,357,142 shares of Redwire stock. The stock was 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 shares were sold at an average price of $11.12, for a total value of $14,590,841.12.
- On Friday, January 30th, Ae Red Holdings, Llc sold 1,550,179 shares of Redwire stock. The stock was 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 shares were 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 value 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 stock was sold at an average price of $10.77, for a total transaction of $30,928,370.55.
Redwire Stock Down 3.9%
Shares of RDW opened at $9.02 on Thursday. Redwire Corporation has a fifty-two week low of $4.87 and a fifty-two week high of $26.66. The company's fifty day moving average is $9.36 and its two-hundred day moving average is $8.83. The firm has a market cap of $1.49 billion, a PE ratio of -2.84 and a beta of 2.45. The company has a quick ratio of 1.05, a current ratio of 1.41 and a debt-to-equity ratio of 0.20.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on RDW shares. iA Financial set a $9.00 price objective on Redwire in a research note on Thursday, November 6th. Bank of America dropped 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. Canaccord Genuity Group decreased their target price on shares of Redwire from $17.50 to $11.00 and set a "buy" rating for the company in a research note on Wednesday, November 12th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Redwire in a research note on Thursday, January 22nd. Finally, KeyCorp assumed coverage on shares of Redwire in a report on Thursday, December 18th. They issued a "sector weight" rating on the stock. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Redwire has an average rating of "Hold" and an average target price of $13.75.
View Our Latest Research Report on RDW
Institutional Investors Weigh In On Redwire
A number of institutional investors have recently modified their holdings of RDW. AE Industrial Partners LP grew its stake in shares of Redwire by 139.3% in the second 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. Canal Insurance CO bought a new position in shares of Redwire during the 2nd quarter valued at about $3,260,000. Register Financial Advisors LLC grew its stake in shares of Redwire by 46.8% in the 3rd quarter. Register Financial Advisors LLC now owns 327,900 shares of the company's stock worth $2,948,000 after purchasing an additional 104,597 shares during the last quarter. Voya Investment Management LLC acquired a new stake in shares of Redwire during the 3rd quarter valued at $20,372,000. Finally, Geode Capital Management LLC increased its stake in Redwire by 77.1% in the 2nd quarter. Geode Capital Management LLC now owns 935,297 shares of the company's stock worth $15,248,000 after purchasing an additional 407,131 shares in the last quarter. Institutional investors and hedge funds own 8.10% of the company's stock.
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.
Further Reading
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