Park Lp Genesis II Sells 150,000 Shares of Redwire Co. (NYSE:RDW) Stock

Redwire Co. (NYSE:RDW) major shareholder Park Lp Genesis II sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $19.61, for a total transaction of $2,941,500.00. Following the sale, the insider now directly owns 4,157,489 shares in the company, valued at approximately $81,528,359.29. The trade was a 3.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major 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 value of $1,802,000.00.
• On Friday, January 3rd, Park Lp Genesis II sold 72,415 shares of Redwire stock. The stock was 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 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 stock was sold at an average price of $16.99, for a total transaction of $1,526,891.30.

Redwire Stock Performance

Redwire stock traded up $0.40 during midday trading on Thursday, reaching $22.05. The company’s stock had a trading volume of 2,366,022 shares, compared to its average volume of 2,115,814. Redwire Co. has a fifty-two week low of $2.76 and a fifty-two week high of $23.35. The firm has a market capitalization of $1.47 billion, a PE ratio of -18.22 and a beta of 2.17. The stock’s 50 day simple moving average is $14.33 and its 200 day simple moving average is $9.66.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on RDW shares. Roth Mkm boosted their price target on Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, November 8th. B. Riley cut Redwire from a “buy” rating to a “neutral” rating and upped their price target for the stock from $8.00 to $9.50 in a research note on Tuesday, October 29th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $6.00 price objective on shares of Redwire in a research report on Monday, September 30th. Finally, HC Wainwright upped their price objective on shares of Redwire from $18.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $11.46.

Institutional Investors Weigh In On Redwire

Several institutional investors and hedge funds have recently made changes to their positions in RDW. Vontobel Holding Ltd. purchased a new stake in shares of Redwire in the third quarter valued at about $74,000. The Manufacturers Life Insurance Company purchased a new stake in Redwire in the 2nd quarter valued at approximately $74,000. AQR Capital Management LLC acquired a new stake in Redwire during the 2nd quarter valued at $89,000. MetLife Investment Management LLC raised its holdings in shares of Redwire by 129.1% in the third quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock worth $97,000 after acquiring an additional 7,921 shares during the last quarter. Finally, Stifel Financial Corp purchased a new stake in shares of Redwire in the third quarter valued at $139,000. 8.10% of the stock is currently owned by hedge funds and other institutional investors.

About Redwire

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.