Tudor Investment Corp ET AL Makes New Investment in Red Cat Holdings, Inc. (NASDAQ:RCAT)

Tudor Investment Corp ET AL bought a new stake in shares of Red Cat Holdings, Inc. (NASDAQ:RCAT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 35,537 shares of the company’s stock, valued at approximately $457,000.

Other large investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new position in Red Cat during the fourth quarter worth about $1,511,000. Barclays PLC boosted its holdings in Red Cat by 1,090.4% in the 4th quarter. Barclays PLC now owns 104,632 shares of the company’s stock worth $1,345,000 after buying an additional 95,842 shares during the period. Rockefeller Capital Management L.P. purchased a new position in Red Cat in the 4th quarter valued at approximately $6,628,000. Waddell & Associates LLC bought a new stake in Red Cat during the 4th quarter valued at $159,643,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Red Cat during the fourth quarter worth $478,000. Hedge funds and other institutional investors own 37.97% of the company’s stock.

Red Cat Price Performance

Red Cat stock opened at $5.70 on Friday. The business has a 50-day simple moving average of $5.66 and a 200 day simple moving average of $7.31. Red Cat Holdings, Inc. has a 52 week low of $0.80 and a 52 week high of $15.27. The stock has a market cap of $515.94 million, a price-to-earnings ratio of -10.56 and a beta of 1.37. The company has a quick ratio of 0.60, a current ratio of 1.43 and a debt-to-equity ratio of 0.30.

Analysts Set New Price Targets

Several brokerages have commented on RCAT. Northland Capmk upgraded 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 set an “outperform” rating and a $13.00 price objective for the company.

About Red Cat

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.