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

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 shares were sold at an average price of $18.02, for a total transaction of $1,802,000.00. Following the completion of the transaction, the insider now directly owns 4,322,853 shares of the company’s stock, 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 is accessible through this link. Large shareholders that own at least 10% 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 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 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 value of $1,526,891.30.

Redwire Trading Down 3.5 %

Shares of NYSE:RDW opened at $16.22 on Thursday. The stock has a market capitalization of $1.08 billion, a P/E ratio of -13.40 and a beta of 2.17. The stock’s 50-day moving average price is $12.68 and its 200-day moving average price is $8.96. Redwire Co. has a 12-month low of $2.68 and a 12-month high of $18.54.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $6.00 target price on shares of Redwire in a research note on Monday, September 30th. B. Riley downgraded shares of Redwire from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $8.00 to $9.50 in a report on Tuesday, October 29th. HC Wainwright reissued a “buy” rating and issued a $18.00 target price on shares of Redwire in a research note on Wednesday, December 11th. Finally, Roth Mkm raised 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. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.13.

Hedge Funds Weigh In On Redwire

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vontobel Holding Ltd. purchased a new stake in shares of Redwire during the third quarter valued at approximately $74,000. The Manufacturers Life Insurance Company bought a new stake in Redwire during the 2nd quarter valued at $74,000. AQR Capital Management LLC purchased a new stake in Redwire during the 2nd quarter valued at $89,000. MetLife Investment Management LLC grew its holdings in Redwire by 129.1% in the 3rd 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 position in shares of Redwire in the third quarter valued at about $139,000. 8.10% of the stock is currently owned by 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.