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 dated Thursday, January 23rd. The stock was sold at an average price of $21.92, for a total value of $2,192,000.00. Following the completion of the transaction, the insider now directly owns 4,007,489 shares in the company, valued at $87,844,158.88. This trade represents a 2.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Tuesday, January 21st, Park Lp Genesis II sold 150,000 shares of Redwire stock. The stock was sold at an average price of $19.61, for a total transaction of $2,941,500.00.
• 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 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 transaction 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 value of $1,526,891.30.

Redwire Stock Up 2.0 %

Redwire stock traded up $0.44 during mid-day trading on Monday, reaching $21.68. 3,409,313 shares of the company’s stock traded hands, compared to its average volume of 2,165,260. Redwire Co. has a 12-month low of $2.76 and a 12-month high of $24.52. The stock has a 50 day moving average of $14.78 and a two-hundred day moving average of $9.89. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -17.91 and a beta of 2.17.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RDW. Roth Mkm lifted their target price on Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, November 8th. HC Wainwright boosted their target price on shares of Redwire from $18.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Cantor Fitzgerald began coverage on shares of Redwire in a research note on Friday. They set an “overweight” rating and a $28.00 target price for the company. Finally, B. Riley upgraded shares of Redwire from a “neutral” rating to a “buy” rating and lifted their price target for the company from $9.50 to $27.00 in a report on Monday. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $18.04.

Institutional Trading of Redwire

Several hedge funds have recently made changes to their positions in RDW. Arkadios Wealth Advisors bought a new stake in Redwire during the fourth quarter worth approximately $165,000. Brookstone Capital Management purchased a new position in shares of Redwire in the 4th quarter worth approximately $329,000. Geode Capital Management LLC increased 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 purchasing an additional 30,963 shares during the last quarter. Barclays PLC raised its holdings in Redwire by 55.8% during the 3rd quarter. Barclays PLC now owns 1,181,138 shares of the company’s stock valued at $8,115,000 after buying an additional 422,854 shares during the period. Finally, State Street Corp lifted its position 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 buying an additional 35,519 shares during the last quarter. 8.10% of the stock is currently owned by hedge funds and other 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.