MYDA Advisors LLC Acquires Shares of 40,000 Redwire Corporation $RDW

MYDA Advisors LLC acquired a new stake in Redwire Corporation (NYSE:RDW) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 40,000 shares of the company’s stock, valued at approximately $304,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AE Industrial Partners LP increased its stake in Redwire by 7.1% in the 3rd quarter. AE Industrial Partners LP now owns 91,598,704 shares of the company’s stock valued at $823,472,000 after buying an additional 6,101,959 shares during the last quarter. State Street Corp increased its stake in Redwire by 61.1% in the 4th quarter. State Street Corp now owns 4,708,600 shares of the company’s stock valued at $35,785,000 after buying an additional 1,786,038 shares during the last quarter. Vanguard Group Inc. increased its stake in Redwire by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 3,242,848 shares of the company’s stock valued at $29,153,000 after buying an additional 91,045 shares during the last quarter. UBS Group AG increased its stake in Redwire by 140.8% in the 4th quarter. UBS Group AG now owns 2,039,902 shares of the company’s stock valued at $15,503,000 after buying an additional 1,192,885 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Redwire by 46.9% in the 4th quarter. Geode Capital Management LLC now owns 1,764,643 shares of the company’s stock valued at $13,413,000 after buying an additional 563,259 shares during the last quarter. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Insiders Place Their Bets

In related news, Director Ae Red Holdings, Llc sold 7,500,000 shares of Redwire stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $9.15, for a total value of $68,625,000.00. Following the completion of the transaction, the director directly owned 36,135,217 shares in the company, valued at approximately $330,637,235.55. The trade was a 17.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 24,289,679 shares of company stock valued at $250,709,174. 0.79% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on RDW shares. Alliance Global Partners restated a “buy” rating on shares of Redwire in a research note on Wednesday, April 22nd. Zacks Research upgraded shares of Redwire from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th. Truist Financial upgraded shares of Redwire to a “strong-buy” rating in a research note on Friday, May 1st. Canaccord Genuity Group raised their price target on shares of Redwire from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Redwire in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.44.

Redwire Trading Down 0.3%

Shares of RDW stock opened at $15.08 on Monday. The company has a 50 day moving average of $13.58 and a 200-day moving average of $10.53. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 0.08. Redwire Corporation has a 12-month low of $4.87 and a 12-month high of $26.64. The firm has a market cap of $2.89 billion, a P/E ratio of -5.63 and a beta of 2.91.

Redwire (NYSE:RDW) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.24). Redwire had a negative net margin of 80.90% and a negative return on equity of 11.68%. The business had revenue of $96.97 million during the quarter, compared to analysts’ expectations of $105.94 million. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. The firm’s quarterly revenue was up 57.9% on a year-over-year basis. Sell-side analysts anticipate that Redwire Corporation will post -0.76 earnings per share for the current year.

Redwire News Summary

Here are the key news stories impacting Redwire this week:

• Positive Sentiment: Redwire was upgraded to hold by Jefferies, which can signal improving analyst confidence, even if the rating is still neutral. Jefferies upgrade to hold
• Neutral Sentiment: Investor attention on space stocks increased ahead of the SpaceX IPO, putting Redwire in the spotlight as a “picks and shovels” space infrastructure name. SpaceX prepares its IPO, Redwire stock in spotlight
• Neutral Sentiment: Redwire expanded its at-the-market equity program, which gives it more flexibility to raise capital but also raises dilution concerns for existing shareholders. Redwire Establishes Expanded At-The-Market Equity Program
• Negative Sentiment: A director, Ae Red Holdings, sold more than 1.07 million shares, a large reduction in ownership that may worry investors about insider confidence. SEC filing for director stock sale
• Negative Sentiment: Several recent articles questioned Redwire’s valuation and growth narrative, with one piece arguing expectations may be catching up to reality and another citing dilution concerns from the new $500 million ATM program. Redwire’s US$500 Million ATM Raises Dilution Questions
• Negative Sentiment: A short-seller attack on space stocks added pressure across the sector, which likely weighed on RDW alongside broader profit-taking in the group. Space Stocks Get Torched

Redwire 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.