UBS Group AG Raises Stock Position in Red Cat Holdings, Inc. $RCAT

UBS Group AG grew its holdings in Red Cat Holdings, Inc. (NASDAQ:RCAT) by 37.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 580,099 shares of the company’s stock after buying an additional 158,864 shares during the period. UBS Group AG owned approximately 0.49% of Red Cat worth $4,600,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Arizona State Retirement System grew its stake in shares of Red Cat by 3.0% in the 4th quarter. Arizona State Retirement System now owns 29,311 shares of the company’s stock worth $232,000 after buying an additional 855 shares in the last quarter. Advisory Services Network LLC grew its stake in shares of Red Cat by 5.3% in the 3rd quarter. Advisory Services Network LLC now owns 30,200 shares of the company’s stock worth $313,000 after buying an additional 1,507 shares in the last quarter. AlphaQuest LLC grew its stake in shares of Red Cat by 17.4% in the 3rd quarter. AlphaQuest LLC now owns 10,839 shares of the company’s stock worth $112,000 after buying an additional 1,608 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Red Cat by 181.1% in the 3rd quarter. IFP Advisors Inc now owns 2,670 shares of the company’s stock worth $28,000 after buying an additional 1,720 shares in the last quarter. Finally, CoreCap Advisors LLC grew its stake in shares of Red Cat by 24.0% in the 4th quarter. CoreCap Advisors LLC now owns 10,850 shares of the company’s stock worth $86,000 after buying an additional 2,099 shares in the last quarter. 37.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RCAT has been the subject of a number of recent research reports. Clear Str raised shares of Red Cat to a “strong-buy” rating in a research note on Wednesday, April 29th. Wall Street Zen cut shares of Red Cat from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Needham & Company LLC lifted their price objective on shares of Red Cat from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. LADENBURG THALM/SH SH raised shares of Red Cat to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Red Cat in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $20.67.

Red Cat Trading Up 4.2%

Red Cat stock opened at $9.41 on Friday. The firm has a 50-day moving average price of $12.41 and a 200-day moving average price of $11.34. The firm has a market capitalization of $1.15 billion, a PE ratio of -13.44 and a beta of 1.21. Red Cat Holdings, Inc. has a 12-month low of $5.71 and a 12-month high of $18.78.

Red Cat (NASDAQ:RCAT) last released its earnings results on Thursday, May 7th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.10). The firm had revenue of $15.47 million during the quarter, compared to the consensus estimate of $17.63 million. Red Cat had a negative return on equity of 35.86% and a negative net margin of 138.36%.The business’s revenue was up 849.1% on a year-over-year basis. As a group, sell-side analysts predict that Red Cat Holdings, Inc. will post -0.65 earnings per share for the current fiscal year.

Red Cat Profile

Red Cat Holdings, Inc (NASDAQ: RCAT) is a technology holding company that develops and delivers advanced robotics, autonomy, and sensing solutions for defense, national security, public safety and commercial customers. Headquartered in American Fork, Utah, the company brings together a portfolio of specialized operating businesses focused on unmanned aerial systems (UAS), mission management software, precision mapping sensors and engineering services.

Through its UAS segment, Red Cat designs and manufactures small to medium-sized fixed-wing and vertical-takeoff drones that support intelligence, surveillance and reconnaissance (ISR) missions.