Redwire Co. (NYSE:RDW) Major Shareholder Park Lp Genesis II Sells 100,000 Shares

Redwire Co. (NYSE:RDW) major shareholder Park Lp Genesis II sold 100,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $18.02, for a total transaction of $1,802,000.00. Following the sale, the insider now owns 4,322,853 shares in the company, valued at approximately $77,897,811.06. The trade was a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, January 3rd, Park Lp Genesis II sold 72,415 shares of Redwire stock. The shares were sold at an average price of $17.90, for a total value of $1,296,228.50.
• On Monday, December 30th, Park Lp Genesis II sold 5,371 shares of Redwire stock. The stock was 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 shares were sold at an average price of $16.99, for a total transaction of $1,526,891.30.

Redwire Stock Down 3.5 %

Shares of RDW opened at $16.22 on Friday. The business has a 50-day simple moving average of $12.85 and a two-hundred day simple moving average of $9.01. Redwire Co. has a 12-month low of $2.68 and a 12-month high of $18.54. The stock has a market cap of $1.08 billion, a PE ratio of -13.40 and a beta of 2.17.

Hedge Funds Weigh In On Redwire

Several large investors have recently modified their holdings of the business. Barclays PLC raised its position in shares of Redwire by 55.8% during the third quarter. Barclays PLC now owns 1,181,138 shares of the company’s stock worth $8,115,000 after acquiring an additional 422,854 shares during the last quarter. Geode Capital Management LLC increased its position in Redwire by 6.3% in the 3rd quarter. Geode Capital Management LLC now owns 523,743 shares of the company’s stock valued at $3,599,000 after buying an additional 30,963 shares in the last quarter. State Street Corp boosted its holdings in Redwire by 8.1% in the third quarter. State Street Corp now owns 473,295 shares of the company’s stock worth $3,252,000 after acquiring an additional 35,519 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in Redwire during the third quarter worth $623,000. Finally, Penserra Capital Management LLC increased its holdings in Redwire by 16.5% during the 3rd 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 in the last quarter. Institutional investors own 8.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on RDW. B. Riley downgraded Redwire from a “buy” rating to a “neutral” rating and raised their price target for the company from $8.00 to $9.50 in a report on Tuesday, October 29th. HC Wainwright reaffirmed a “buy” rating and set a $18.00 price target on shares of Redwire in a research report on Wednesday, December 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $6.00 price objective on shares of Redwire in a report on Monday, September 30th. Finally, Roth Mkm boosted 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. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.13.

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.