Redwire Co. (NYSE:RDW) Major Shareholder Park Lp Genesis II Sells 6,683 Shares

Redwire Co. (NYSE:RDW) major shareholder Park Lp Genesis II sold 6,683 shares of Redwire stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $22.56, for a total value of $150,768.48. Following the completion of the transaction, the insider now owns 3,704,664 shares of the company’s stock, valued at approximately $83,577,219.84. The trade was a 0.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 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, February 4th, Park Lp Genesis II sold 50,000 shares of Redwire stock. The stock was sold at an average price of $23.20, for a total value of $1,160,000.00.
• On Monday, January 27th, Park Lp Genesis II sold 100,000 shares of Redwire stock. The shares were sold at an average price of $22.73, for a total transaction of $2,273,000.00.
• On Thursday, January 23rd, Park Lp Genesis II sold 100,000 shares of Redwire stock. The stock was sold at an average price of $21.92, for a total transaction of $2,192,000.00.
• 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 stock was sold at an average price of $16.99, for a total value of $1,526,891.30.

Redwire Trading Up 13.9 %

Shares of NYSE:RDW opened at $24.97 on Thursday. The company has a 50 day moving average of $17.12 and a 200-day moving average of $11.17. The firm has a market cap of $1.66 billion, a P/E ratio of -20.64 and a beta of 2.23. Redwire Co. has a twelve month low of $2.89 and a twelve month high of $26.66.

Institutional Investors Weigh In On Redwire

A number of institutional investors have recently added to or reduced their stakes in RDW. Summit Securities Group LLC acquired a new position in shares of Redwire during the 4th quarter valued at $63,000. JPMorgan Chase & Co. boosted its stake in Redwire by 7.8% during the fourth quarter. JPMorgan Chase & Co. now owns 10,854 shares of the company’s stock valued at $179,000 after buying an additional 782 shares in the last quarter. Vanguard Group Inc. grew its holdings in Redwire by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 1,310,660 shares of the company’s stock worth $21,573,000 after acquiring an additional 101,620 shares during the period. LPL Financial LLC bought a new stake in Redwire in the fourth quarter worth about $191,000. Finally, Sei Investments Co. lifted its holdings in Redwire by 146.6% in the 4th quarter. Sei Investments Co. now owns 24,664 shares of the company’s stock valued at $406,000 after acquiring an additional 14,664 shares during the last quarter. 8.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RDW. B. Riley raised shares of Redwire from a “neutral” rating to a “buy” rating and boosted their price target for the company from $9.50 to $27.00 in a report on Monday, January 27th. Roth Mkm lifted their price objective on shares of Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Cantor Fitzgerald initiated coverage on shares of Redwire in a research report on Friday, January 24th. They issued an “overweight” rating and a $28.00 target price for the company. Finally, HC Wainwright lifted their price target on Redwire from $18.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Redwire presently has a consensus rating of “Buy” and a consensus 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.