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

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 transaction of $2,192,000.00. Following the sale, the insider now owns 4,007,489 shares of the company’s stock, valued at approximately $87,844,158.88. This represents a 2.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions 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 shares were 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 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 shares were sold at an average price of $16.99, for a total transaction of $1,526,891.30.

Redwire Stock Performance

Shares of RDW opened at $21.68 on Tuesday. Redwire Co. has a 52-week low of $2.76 and a 52-week high of $24.52. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -17.91 and a beta of 2.17. The business’s fifty day moving average is $14.78 and its 200-day moving average is $9.89.

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

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

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.