Redwire (NYSE:RDW) Director Ae Red Holdings, Llc Sells 2,255,356 Shares of Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 2,255,356 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $10.83, for a total transaction of $24,425,505.48. Following the completion of the transaction, the director owned 78,732,135 shares in the company, valued at approximately $852,669,022.05. This trade represents a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 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 value of $19,439,937.72.

Redwire Price Performance

NYSE RDW traded down $0.55 during trading hours on Tuesday, reaching $10.11. 19,222,765 shares of the stock traded hands, compared to its average volume of 24,438,150. The stock has a 50 day simple moving average of $7.02 and a two-hundred day simple moving average of $9.64. Redwire Corporation has a 1 year low of $4.87 and a 1 year high of $26.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.05. The company has a market cap of $1.67 billion, a price-to-earnings ratio of -3.19 and a beta of 2.44.

Redwire (NYSE:RDW) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.29) 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 the consensus estimate of $132.05 million. Redwire had a negative net margin of 70.32% and a negative return on equity of 16.24%. On average, analysts predict that Redwire Corporation will post -0.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on RDW. HC Wainwright reiterated a “buy” rating and issued a $22.00 target price on shares of Redwire in a research report on Tuesday, December 23rd. Cantor Fitzgerald dropped 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. Alliance Global Partners reaffirmed a “buy” rating on shares of Redwire in a research note on Thursday, November 6th. KeyCorp initiated coverage on Redwire in a research note on Thursday, December 18th. They set a “sector weight” rating for the company. Finally, Roth Capital restated a “buy” rating and issued a $15.00 target price on shares of Redwire in a report on Thursday, November 6th. Six research 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.13.

Hedge Funds Weigh In On Redwire

Several hedge funds have recently made changes to their positions in RDW. Abich Financial Wealth Management LLC bought a new position in shares of Redwire in the 3rd quarter worth about $41,000. Russell Investments Group Ltd. grew its holdings in Redwire by 308.6% in the third 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 period. Ameritas Advisory Services LLC bought a new position in shares of Redwire during the second quarter valued at approximately $54,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Redwire by 440.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 6,620 shares of the company’s stock valued at $60,000 after purchasing an additional 5,395 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Redwire during the first quarter valued at approximately $69,000. 8.10% of the stock is owned by hedge funds and other institutional investors.

About Redwire

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.