OMERS ADMINISTRATION Corp Makes New Investment in Red Cat Holdings, Inc. (NASDAQ:RCAT)

OMERS ADMINISTRATION Corp purchased a new stake in shares of Red Cat Holdings, Inc. (NASDAQ:RCAT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 133,400 shares of the company's stock, valued at approximately $1,714,000. OMERS ADMINISTRATION Corp owned about 0.17% of Red Cat at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Waddell & Associates LLC purchased a new position in Red Cat in the 4th quarter valued at approximately $159,643,000. Vanguard Group Inc. grew its stake in Red Cat by 9.0% in the 4th quarter. Vanguard Group Inc. now owns 2,505,613 shares of the company's stock valued at $32,197,000 after buying an additional 207,727 shares in the last quarter. Apis Capital Advisors LLC grew its stake in Red Cat by 61.7% in the 4th quarter. Apis Capital Advisors LLC now owns 650,000 shares of the company's stock valued at $8,352,000 after buying an additional 248,000 shares in the last quarter. Geode Capital Management LLC grew its stake in Red Cat by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 602,596 shares of the company's stock valued at $7,747,000 after buying an additional 10,594 shares in the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new position in Red Cat in the 4th quarter valued at approximately $6,628,000. Hedge funds and other institutional investors own 37.97% of the company's stock.

Red Cat Price Performance

NASDAQ RCAT traded up $0.04 during trading on Tuesday, reaching $6.92. The company's stock had a trading volume of 4,136,414 shares, compared to its average volume of 4,529,632. The stock has a market capitalization of $629.40 million, a PE ratio of -12.68 and a beta of 1.37. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.43 and a quick ratio of 0.60. The firm has a fifty day moving average of $5.85 and a 200 day moving average of $7.54. Red Cat Holdings, Inc. has a one year low of $0.80 and a one year high of $15.27.

Red Cat (NASDAQ:RCAT - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates 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%. Analysts expect that Red Cat Holdings, Inc. will post -0.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Red Cat Profile

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.