Redwire Co. (NYSE:RDW) Major Shareholder Sells $1,526,891.30 in Stock

Redwire Co. (NYSE:RDW) major shareholder Park Lp Genesis II sold 89,870 shares of the business’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $16.99, for a total value of $1,526,891.30. Following the transaction, the insider now directly owns 4,603,427 shares in the company, valued at $78,212,224.73. This trade represents a 1.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Park Lp Genesis II also recently made the following trade(s):

• On Monday, December 30th, Park Lp Genesis II sold 5,371 shares of Redwire stock. The shares were sold at an average price of $18.01, for a total value of $96,731.71.

Redwire Trading Down 6.7 %

RDW opened at $16.46 on Thursday. The stock’s 50-day moving average price is $11.99 and its 200 day moving average price is $8.62. Redwire Co. has a 12-month low of $2.68 and a 12-month high of $18.28. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -13.60 and a beta of 2.25.

Analysts Set New Price Targets

Several equities analysts have recently commented on RDW shares. B. Riley lowered Redwire from a “buy” rating to a “neutral” rating and upped their price target for the company from $8.00 to $9.50 in a research note on Tuesday, October 29th. HC Wainwright reaffirmed a “buy” rating and issued a $18.00 price target on shares of Redwire in a research note on Wednesday, December 11th. Roth Mkm upped their price target on Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $6.00 price target on shares of Redwire in a research note on Monday, September 30th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Redwire currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.13.

Hedge Funds Weigh In On Redwire

Several hedge funds have recently bought and sold shares of RDW. Bank of New York Mellon Corp lifted its stake in Redwire by 496.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 71,340 shares of the company’s stock worth $512,000 after acquiring an additional 59,372 shares in the last quarter. Rhumbline Advisers raised its position in Redwire by 64.7% in the 2nd quarter. Rhumbline Advisers now owns 32,335 shares of the company’s stock valued at $232,000 after purchasing an additional 12,703 shares in the last quarter. LJI Wealth Management LLC acquired a new stake in Redwire in the 2nd quarter valued at about $258,000. Squarepoint Ops LLC raised its position in Redwire by 59.4% in the 2nd quarter. Squarepoint Ops LLC now owns 71,236 shares of the company’s stock valued at $511,000 after purchasing an additional 26,543 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new stake in Redwire in the 2nd quarter valued at about $89,000. Institutional investors and hedge funds own 8.10% of the company’s stock.

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.