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 business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $17.90, for a total transaction of $1,296,228.50. Following the completion of the transaction, the insider now owns 4,422,853 shares in the company, valued at approximately $79,169,068.70. This trade represents a 1.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more 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 shares were 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 value of $96,731.71.
• On Friday, December 27th, Park Lp Genesis II sold 89,870 shares of Redwire stock. The shares were sold at an average price of $16.99, for a total value of $1,526,891.30.

Redwire Trading Down 3.9 %

Shares of NYSE:RDW opened at $16.78 on Wednesday. Redwire Co. has a 1-year low of $2.68 and a 1-year high of $18.54. The stock has a market capitalization of $1.12 billion, a P/E ratio of -13.87 and a beta of 2.17. The business has a 50-day moving average price of $12.51 and a two-hundred day moving average price of $8.88.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Redwire

A number of institutional investors and hedge funds have recently modified their holdings of RDW. Barclays PLC boosted its stake in Redwire by 55.8% in the third quarter. Barclays PLC now owns 1,181,138 shares of the company’s stock valued at $8,115,000 after acquiring an additional 422,854 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Redwire by 6.3% during the 3rd quarter. Geode Capital Management LLC now owns 523,743 shares of the company’s stock valued at $3,599,000 after acquiring an additional 30,963 shares during the last quarter. State Street Corp lifted its stake in shares of Redwire by 8.1% in the 3rd quarter. State Street Corp now owns 473,295 shares of the company’s stock valued at $3,252,000 after purchasing an additional 35,519 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of Redwire in the 3rd quarter worth $623,000. Finally, Penserra Capital Management LLC grew its stake in shares of Redwire by 16.5% during the third quarter. Penserra Capital Management LLC now owns 74,626 shares of the company’s stock worth $512,000 after purchasing an additional 10,558 shares during the period. 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.