Ae Red Holdings, Llc Sells 24,883 Shares of Redwire Co. (NYSE:RDW) Stock

Redwire Co. (NYSE:RDW) Director Ae Red Holdings, Llc sold 24,883 shares of Redwire stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $7.10, for a total value of $176,669.30. Following the transaction, the director now directly owns 35,708,528 shares of the company’s stock, valued at approximately $253,530,548.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Wednesday, July 17th, Ae Red Holdings, Llc sold 62,754 shares of Redwire stock. The shares were sold at an average price of $7.70, for a total transaction of $483,205.80.
• On Monday, July 15th, Ae Red Holdings, Llc sold 94,579 shares of Redwire stock. The shares were sold at an average price of $7.88, for a total transaction of $745,282.52.
• On Friday, July 12th, Ae Red Holdings, Llc sold 56,516 shares of Redwire stock. The stock was sold at an average price of $7.64, for a total transaction of $431,782.24.

Redwire Trading Down 4.9 %

RDW opened at $6.86 on Thursday. The stock has a 50-day moving average price of $6.18 and a 200-day moving average price of $4.45. The stock has a market capitalization of $449.88 million, a P/E ratio of -9.53 and a beta of 1.97. Redwire Co. has a 12-month low of $2.35 and a 12-month high of $8.23.

Redwire (NYSE:RDW) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). The business had revenue of $87.79 million for the quarter, compared to analyst estimates of $65.88 million. On average, equities research analysts predict that Redwire Co. will post -0.48 EPS for the current year.

Hedge Funds Weigh In On Redwire

Several institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in Redwire during the first quarter valued at about $59,000. DNB Asset Management AS boosted its holdings in Redwire by 23.9% during the 2nd quarter. DNB Asset Management AS now owns 39,094 shares of the company’s stock valued at $280,000 after acquiring an additional 7,538 shares during the period. LA Financiere DE L Echiquier boosted its holdings in Redwire by 10.6% during the 4th quarter. LA Financiere DE L Echiquier now owns 450,000 shares of the company’s stock valued at $1,282,000 after acquiring an additional 43,000 shares during the period. Finally, Vanguard Group Inc. increased its stake in Redwire by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 1,118,812 shares of the company’s stock worth $4,912,000 after purchasing an additional 3,681 shares during the period. Institutional investors own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Cantor Fitzgerald restated an “overweight” rating and set a $6.00 target price on shares of Redwire in a research report on Monday. Roth Mkm boosted their price objective on Redwire from $5.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Longbow Research raised their target price on shares of Redwire from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, B. Riley lowered shares of Redwire from a “buy” rating to a “neutral” rating and lifted their target price for the company from $6.00 to $8.00 in a research report on Monday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Redwire presently has an average rating of “Moderate Buy” and an average target price of $7.00.

Redwire Company Profile

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.