Ae Red Holdings, Llc Sells 7,500,000 Shares of Redwire (NYSE:RDW) Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 7,500,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $9.15, for a total transaction of $68,625,000.00. Following the transaction, the director owned 36,135,217 shares of the company’s stock, valued at $330,637,235.55. This trade represents a 17.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ae Red Holdings, Llc also recently made the following trade(s):

• On Wednesday, March 25th, Ae Red Holdings, Llc sold 2,500,000 shares of Redwire stock. The shares were sold at an average price of $9.45, for a total value of $23,625,000.00.
• On Wednesday, March 18th, Ae Red Holdings, Llc sold 81,319 shares of Redwire stock. The stock was sold at an average price of $10.01, for a total value of $814,003.19.
• On Tuesday, March 17th, Ae Red Holdings, Llc sold 996,927 shares of Redwire stock. The stock was sold at an average price of $10.10, for a total value of $10,068,962.70.
• On Monday, March 16th, Ae Red Holdings, Llc sold 97,066 shares of Redwire stock. The shares were sold at an average price of $10.06, for a total value of $976,483.96.
• On Friday, March 13th, Ae Red Holdings, Llc sold 11,615 shares of Redwire stock. The stock was sold at an average price of $10.01, for a total value of $116,266.15.
• On Tuesday, February 10th, Ae Red Holdings, Llc sold 49,985 shares of Redwire stock. The stock was sold at an average price of $10.01, for a total value of $500,349.85.
• 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 value 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 value of $131,487.98.
• On Tuesday, February 3rd, Ae Red Holdings, Llc sold 3,357,142 shares of Redwire stock. The shares were sold at an average price of $11.18, for a total transaction of $37,532,847.56.
• On Monday, February 2nd, Ae Red Holdings, Llc sold 1,312,126 shares of Redwire stock. The stock was sold at an average price of $11.12, for a total transaction of $14,590,841.12.

Redwire Stock Up 0.3%

Shares of NYSE:RDW opened at $8.19 on Monday. The firm has a 50 day simple moving average of $9.70 and a 200-day simple moving average of $8.54. Redwire Corporation has a twelve month low of $4.87 and a twelve month high of $22.25. The company has a current ratio of 1.62, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.57 billion, a PE ratio of -3.45 and a beta of 2.50.

Redwire (NYSE:RDW) last posted its earnings results on Wednesday, February 25th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.19). Redwire had a negative net margin of 67.55% and a negative return on equity of 13.04%. The company had revenue of $108.79 million during the quarter, compared to analysts’ expectations of $98.78 million. On average, equities analysts predict that Redwire Corporation will post -0.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RDW. HC Wainwright reiterated a “buy” rating and set a $22.00 target price on shares of Redwire in a research report on Tuesday, December 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Redwire in a research report on Thursday, January 22nd. KeyCorp initiated coverage on Redwire in a research report on Thursday, December 18th. They set a “sector weight” rating on the stock. Zacks Research upgraded Redwire from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th. Finally, Jefferies Financial Group decreased their price objective on Redwire from $13.00 to $12.00 and set a “buy” rating for the company in a report on Friday, March 6th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.89.

Institutional Trading of Redwire

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. AE Industrial Partners LP boosted its holdings in Redwire by 139.3% during the second quarter. AE Industrial Partners LP now owns 85,496,745 shares of the company’s stock worth $1,394,000 after buying an additional 49,765,262 shares in the last quarter. Voya Investment Management LLC purchased a new position in Redwire in the third quarter valued at about $20,372,000. Hood River Capital Management LLC acquired a new stake in shares of Redwire during the 2nd quarter valued at approximately $36,206,000. Cooper Creek Partners Management LLC purchased a new stake in shares of Redwire during the 2nd quarter worth approximately $32,652,000. Finally, State Street Corp boosted its stake in shares of Redwire by 61.1% during the 4th quarter. State Street Corp now owns 4,708,600 shares of the company’s stock worth $35,785,000 after acquiring an additional 1,786,038 shares in the last quarter. Institutional investors and hedge funds own 8.10% of the company’s stock.

Redwire Company Profile

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.