Redwire (NYSE:RDW) Director Ae Red Holdings, Llc Sells 407,776 Shares

Key Points

• Ae Red Holdings, LLC has sold roughly 13.58 million Redwire shares (about $128.1 million) in multiple trades from February to April, including 407,776 shares on April 8 at $10.17 and large blocks of 7.5M and 2.5M shares on March 24–25; after the April 8 sale it still owned 33,227,441 shares (~$338M) but its position fell about 1.21%.
• Redwire is trading near $9.28 with a market cap of $1.78 billion, reported a quarterly EPS loss of $0.35 (missed estimates) despite revenue beating forecasts, and carries a consensus analyst rating of "Moderate Buy" with an average target of $13.89.

Redwire Corporation (NYSE:RDW - Get Free Report) Director Ae Red Holdings, Llc sold 407,776 shares of Redwire stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $10.17, for a total transaction of $4,147,081.92. Following the completion of the sale, the director owned 33,227,441 shares in the company, valued at approximately $337,923,074.97. This trade represents a 1.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ae Red Holdings, Llc also recently made the following trade(s):

• On Thursday, April 9th, Ae Red Holdings, Llc sold 542,368 shares of Redwire stock. The stock was sold at an average price of $9.37, for a total transaction of $5,081,988.16.
• 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 transaction of $23,625,000.00.
• On Tuesday, March 24th, Ae Red Holdings, Llc sold 7,500,000 shares of Redwire stock. The shares were sold at an average price of $9.15, for a total transaction of $68,625,000.00.
• 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 shares were 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 shares were sold at an average price of $11.18, for a total value of $131,487.98.

Redwire Price Performance

RDW traded up $0.06 on Friday, hitting $9.28. 14,224,660 shares of the company's stock were exchanged, compared to its average volume of 23,721,230. Redwire Corporation has a fifty-two week low of $4.87 and a fifty-two week high of $22.25. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of -3.91 and a beta of 2.49. The firm has a 50-day moving average price of $9.21 and a 200-day moving average price of $8.59. The company has a current ratio of 1.62, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08.

Redwire (NYSE:RDW - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $108.79 million during the quarter, compared to analyst estimates of $98.78 million. As a group, equities analysts anticipate that Redwire Corporation will post -0.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

RDW has been the subject of a number of recent research reports. HC Wainwright reaffirmed a "buy" rating and issued a $22.00 target price on shares of Redwire in a research note on Tuesday, December 23rd. Zacks Research raised shares of Redwire from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 11th. KeyCorp initiated coverage on shares of Redwire in a research report on Thursday, December 18th. They set a "sector weight" rating for the company. Roth Mkm reaffirmed a "buy" rating and set a $20.00 target price on shares of Redwire in a research note on Wednesday, January 28th. Finally, Truist Financial upgraded shares of Redwire from a "hold" rating to a "buy" rating and boosted their target price for the company from $13.00 to $15.00 in a report on Monday, March 9th. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $13.89.

Institutional Investors Weigh In On Redwire

A number of institutional investors and hedge funds have recently made changes to their positions in RDW. Rockefeller Capital Management L.P. increased its holdings 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 purchasing an additional 3,668 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in Redwire by 3,976.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 269,873 shares of the company's stock valued at $2,051,000 after purchasing an additional 263,253 shares during the period. Corecam Pte. Ltd. acquired a new position in Redwire during the fourth quarter worth $288,000. Alpine Global Management LLC purchased a new position in shares of Redwire during the fourth quarter worth $93,000. Finally, Sunbelt Securities Inc. grew its stake in shares of Redwire by 601.1% in the fourth quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company's stock valued at $30,000 after buying an additional 3,396 shares in the last quarter. 8.10% of the stock is owned by hedge funds and other institutional investors.

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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