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

Key Points

• Ae Red Holdings, Llc sold 7,500,000 shares of Redwire on March 24 at an average price of $9.15 for $68,625,000, trimming its position by 17.19% to 36,135,217 shares worth roughly $330.6 million.
• The investor has been actively selling since early February, executing multiple tranches that total about $171 million in proceeds across the listed trades.
• Redwire shares opened at $8.19 and were trading down ~7.7%; the company reported a miss on quarterly EPS (‑$0.35) while analysts maintain a consensus "Moderate Buy" with an average target of $13.89.

Redwire Corporation (NYSE:RDW - Get Free Report) Director Ae Red Holdings, Llc sold 7,500,000 shares of the business's stock in a transaction 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 completion of the transaction, the director directly owned 36,135,217 shares in the company, 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 SEC, which is available at this link.

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 stock was 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 shares were 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 stock was 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 stock was 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 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 transaction of $14,590,841.12.

Redwire Trading Down 7.7%

Shares of RDW opened at $8.19 on Friday. The stock has a market capitalization of $1.57 billion, a PE ratio of -3.45 and a beta of 2.50. The company's fifty day moving average is $9.70 and its 200 day moving average is $8.53. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.62. Redwire Corporation has a fifty-two week low of $4.87 and a fifty-two week high of $22.25.

Redwire (NYSE:RDW - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate 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 business had revenue of $108.79 million for the quarter, compared to the consensus estimate of $98.78 million. Sell-side analysts expect that Redwire Corporation will post -0.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Redwire

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. boosted its position in Redwire by 1,054.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company's stock valued at $31,000 after buying an additional 3,668 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in Redwire by 3,976.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 269,873 shares of the company's stock worth $2,051,000 after acquiring an additional 263,253 shares in the last quarter. Corecam Pte. Ltd. purchased a new position in shares of Redwire during the fourth quarter worth approximately $288,000. Alpine Global Management LLC purchased a new position in shares of Redwire during the fourth quarter worth approximately $93,000. Finally, Sunbelt Securities Inc. raised its stake in shares of Redwire by 601.1% during the fourth quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company's stock valued at $30,000 after acquiring an additional 3,396 shares in the last quarter. Institutional investors own 8.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RDW shares. Zacks Research raised shares of Redwire from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 11th. Canaccord Genuity Group boosted their target price on Redwire from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Friday, February 27th. Truist Financial raised Redwire from a "hold" rating to a "buy" rating and upped their target price for the company from $13.00 to $15.00 in a research note on Monday, March 9th. Jefferies Financial Group reduced their price target on Redwire from $13.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, March 6th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Redwire in a research note on Thursday, January 22nd. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $13.89.

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.

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