AWM Investment Company Inc. Has $23.10 Million Stock Position in Red Cat Holdings, Inc. (NASDAQ:RCAT)

AWM Investment Company Inc. reduced its stake in shares of Red Cat Holdings, Inc. (NASDAQ:RCAT - Free Report) by 60.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,797,674 shares of the company's stock after selling 2,716,426 shares during the quarter. Red Cat accounts for approximately 2.8% of AWM Investment Company Inc.'s portfolio, making the stock its 7th largest holding. AWM Investment Company Inc. owned about 2.24% of Red Cat worth $23,100,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Squarepoint Ops LLC grew its stake in shares of Red Cat by 23.0% during the fourth quarter. Squarepoint Ops LLC now owns 15,496 shares of the company's stock valued at $199,000 after buying an additional 2,902 shares during the last quarter. Two Sigma Advisers LP bought a new position in shares of Red Cat during the fourth quarter valued at about $362,000. Tidal Investments LLC purchased a new stake in shares of Red Cat during the fourth quarter worth about $270,000. Nomura Holdings Inc. purchased a new stake in shares of Red Cat during the fourth quarter worth about $180,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Red Cat during the fourth quarter worth about $1,714,000. 37.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RCAT. Northland Capmk upgraded shares of Red Cat to a "strong-buy" rating in a report on Monday, March 10th. Northland Securities began coverage on shares of Red Cat in a report on Tuesday, March 11th. They set an "outperform" rating and a $13.00 target price for the company.

Red Cat Trading Up 1.3%

Shares of Red Cat stock traded up $0.09 during trading on Friday, reaching $6.82. 4,415,368 shares of the stock were exchanged, compared to its average volume of 4,611,219. The company has a quick ratio of 0.60, a current ratio of 1.43 and a debt-to-equity ratio of 0.30. Red Cat Holdings, Inc. has a 1 year low of $0.80 and a 1 year high of $15.27. The stock's fifty day moving average is $5.95 and its 200 day moving average is $7.61. The firm has a market cap of $620.04 million, a price-to-earnings ratio of -12.63 and a beta of 1.37.

Red Cat (NASDAQ:RCAT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.17). Red Cat had a negative return on equity of 96.00% and a negative net margin of 232.62%. As a group, equities research analysts expect that Red Cat Holdings, Inc. will post -0.5 earnings per share for the current fiscal year.

About Red Cat

Red Cat Holdings, Inc engages in the provision of various products, services, and solutions to the drone industry. The company operates through two segments: Enterprise and Consumer. It built infrastructure to manages drone fleets and fly, and provide services remotely, navigate confined industrial interior spaces and dangerous military environment.