Redwire Corporation $RDW Shares Acquired by Andar Capital Management HK Ltd

Key Points

• Andar Capital Management HK Ltd increased its stake in Redwire by 76.5% to 300,000 shares (about $2.70M), making RDW the firm's 12th-largest holding.
• Company insiders sold a large volume recently — 40.4 million shares worth $453M over the last quarter, including Ae Red Holdings' sale of 12.66M shares for roughly $133M, cutting that director's stake by 17.06% (insiders now own 2.6%).
• Analyst sentiment is mixed: the stock has an average rating of "Hold" with a $13.75 target (6 Buys, 2 Holds, 3 Sells), while RDW trades near $8.02 with a $1.32B market cap and a negative P/E.

Andar Capital Management HK Ltd boosted its stake in Redwire Corporation (NYSE:RDW - Free Report) by 76.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 300,000 shares of the company's stock after buying an additional 130,000 shares during the period. Redwire accounts for 2.7% of Andar Capital Management HK Ltd's portfolio, making the stock its 12th biggest holding. Andar Capital Management HK Ltd owned about 0.21% of Redwire worth $2,697,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RDW. Abich Financial Wealth Management LLC acquired a new position in shares of Redwire during the third quarter valued at approximately $41,000. Strs Ohio bought a new position in Redwire during the 1st quarter valued at $69,000. State of Alaska Department of Revenue acquired a new position in shares of Redwire during the 3rd quarter valued at $77,000. Independent Advisor Alliance acquired a new position in shares of Redwire during the 3rd quarter valued at $95,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Redwire by 32.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company's stock worth $102,000 after buying an additional 1,533 shares in the last quarter. 8.10% of the stock is currently owned by institutional investors.

Redwire Trading Up 1.6%

NYSE RDW opened at $8.02 on Friday. The firm's 50 day moving average price is $9.43 and its two-hundred day moving average price is $8.74. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.05 and a current ratio of 1.41. Redwire Corporation has a twelve month low of $4.87 and a twelve month high of $26.27. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of -2.53 and a beta of 2.45.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on RDW shares. KeyCorp started coverage on Redwire in a research note on Thursday, December 18th. They set a "sector weight" rating for the company. HC Wainwright reaffirmed a "buy" rating and issued a $22.00 price objective on shares of Redwire in a research note on Tuesday, December 23rd. Weiss Ratings reiterated a "sell (d-)" rating on shares of Redwire in a report on Thursday, January 22nd. Zacks Research cut shares of Redwire from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 10th. Finally, Truist Financial set a $13.00 price target on shares of Redwire in a research report on Friday, January 9th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $13.75.

Insiders Place Their Bets

In related news, Director Ae Red Holdings, Llc sold 12,656,683 shares of the stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $10.51, for a total value of $133,021,738.33. Following the completion of the sale, the director directly owned 61,541,253 shares of the company's stock, valued at approximately $646,798,569.03. This represents a 17.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 40,400,346 shares of company stock worth $453,127,301 over the last quarter. 2.60% of the stock is currently owned by insiders.

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.

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