Redwire (NYSE:RDW) Director Ae Red Holdings, Llc Sells 49,985 Shares of Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 49,985 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $10.01, for a total transaction of $500,349.85. Following the completion of the sale, the director directly owned 45,094,000 shares of the company’s stock, valued at $451,390,940. The trade was a 0.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, February 9th, Ae Red Holdings, Llc sold 1,385,507 shares of Redwire stock. The shares were sold at an average price of $10.10, for a total transaction of $13,993,620.70.
• On Wednesday, February 4th, Ae Red Holdings, Llc sold 11,761 shares of Redwire stock. The stock was sold at an average price of $11.18, for a total transaction of $131,487.98.
• On Tuesday, February 3rd, Ae Red Holdings, Llc sold 3,357,142 shares of Redwire stock. The shares were sold at an average price of $11.18, for a total value of $37,532,847.56.
• On Monday, February 2nd, Ae Red Holdings, Llc sold 1,312,126 shares of Redwire stock. The stock was sold at an average price of $11.12, for a total value of $14,590,841.12.
• On Friday, January 30th, Ae Red Holdings, Llc sold 1,550,179 shares of Redwire stock. The shares were sold at an average price of $12.65, for a total transaction of $19,609,764.35.
• On Thursday, January 29th, Ae Red Holdings, Llc sold 3,932,686 shares of Redwire stock. The shares were sold at an average price of $12.80, for a total transaction of $50,338,380.80.
• On Wednesday, January 28th, Ae Red Holdings, Llc sold 4,847,867 shares of Redwire stock. The stock was sold at an average price of $13.29, for a total transaction of $64,428,152.43.
• On Wednesday, January 14th, Ae Red Holdings, Llc sold 12,656,683 shares of Redwire stock. The stock was sold at an average price of $10.51, for a total transaction of $133,021,738.33.
• On Tuesday, January 13th, Ae Red Holdings, Llc sold 1,662,484 shares of Redwire stock. The shares were sold at an average price of $10.34, for a total value of $17,190,084.56.
• On Monday, January 12th, Ae Red Holdings, Llc sold 2,871,715 shares of Redwire stock. The stock was sold at an average price of $10.77, for a total transaction of $30,928,370.55.

Redwire Stock Down 3.9%

RDW stock opened at $9.02 on Thursday. Redwire Corporation has a 12 month low of $4.87 and a 12 month high of $26.66. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -2.84 and a beta of 2.45. The company has a current ratio of 1.41, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average of $9.36 and a two-hundred day moving average of $8.83.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RDW. Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a research report on Thursday, November 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Redwire in a research note on Thursday, January 22nd. Truist Financial set a $13.00 price target on Redwire in a research report on Friday, January 9th. KeyCorp assumed coverage on Redwire in a report on Thursday, December 18th. They issued a “sector weight” rating on the stock. Finally, Bank of America lowered their target price on Redwire from $9.00 to $6.00 and set an “underperform” rating for the company in a report on Wednesday, November 19th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Redwire has a consensus rating of “Hold” and a consensus price target of $13.75.

Hedge Funds Weigh In On Redwire

A number of institutional investors and hedge funds have recently modified their holdings of the company. AE Industrial Partners LP raised its stake in Redwire by 139.3% in the second quarter. AE Industrial Partners LP now owns 85,496,745 shares of the company’s stock valued at $1,394,000 after buying an additional 49,765,262 shares in the last quarter. Voya Investment Management LLC acquired a new position in shares of Redwire during the 3rd quarter worth about $20,372,000. Hood River Capital Management LLC acquired a new position in shares of Redwire during the 2nd quarter worth about $36,206,000. Cooper Creek Partners Management LLC purchased a new position in shares of Redwire in the 2nd quarter valued at about $32,652,000. Finally, UBS Group AG raised its position in shares of Redwire by 140.8% during the 4th quarter. UBS Group AG now owns 2,039,902 shares of the company’s stock worth $15,503,000 after acquiring an additional 1,192,885 shares in the last quarter. Institutional investors and hedge funds own 8.10% of the company’s stock.

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.