Park Lp Genesis II Sells 72,415 Shares of Redwire Co. (NYSE:RDW) Stock

Redwire Co. (NYSE:RDW) major shareholder Park Lp Genesis II sold 72,415 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $17.90, for a total value of $1,296,228.50. Following the completion of the transaction, the insider now owns 4,422,853 shares in the company, valued at $79,169,068.70. This represents a 1.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, January 6th, Park Lp Genesis II sold 100,000 shares of Redwire stock. The stock was sold at an average price of $18.02, for a total transaction of $1,802,000.00.
• 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 transaction of $96,731.71.
• On Friday, December 27th, Park Lp Genesis II sold 89,870 shares of Redwire stock. The stock was sold at an average price of $16.99, for a total transaction of $1,526,891.30.

Redwire Trading Down 3.5 %

RDW opened at $16.22 on Friday. Redwire Co. has a 1-year low of $2.68 and a 1-year high of $18.54. The business has a 50 day moving average of $12.85 and a 200-day moving average of $9.01. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -13.40 and a beta of 2.17.

Wall Street Analyst Weigh In

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

Institutional Trading of Redwire

A number of hedge funds have recently bought and sold shares of the stock. Vontobel Holding Ltd. bought a new stake in shares of Redwire in the third quarter valued at about $74,000. The Manufacturers Life Insurance Company acquired a new position in Redwire in the 2nd quarter valued at approximately $74,000. AQR Capital Management LLC acquired a new position in Redwire in the 2nd quarter valued at approximately $89,000. MetLife Investment Management LLC grew its holdings in shares of Redwire by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock worth $97,000 after purchasing an additional 7,921 shares in the last quarter. Finally, Stifel Financial Corp bought a new stake in shares of Redwire during the third quarter valued at approximately $139,000. 8.10% of the stock is owned by institutional investors.

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.