Redwire Co. (NYSE:RDW) Major Shareholder Park Lp Genesis II Sells 72,415 Shares

Redwire Co. (NYSE:RDW) major shareholder Park Lp Genesis II sold 72,415 shares of Redwire stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $17.90, for a total transaction of $1,296,228.50. Following the transaction, the insider now owns 4,422,853 shares in the company, valued at approximately $79,169,068.70. The trade was a 1.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 10% 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 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 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 stock was sold at an average price of $16.99, for a total value of $1,526,891.30.

Redwire Price Performance

RDW stock traded down $0.68 during midday trading on Tuesday, reaching $16.78. 1,248,455 shares of the company were exchanged, compared to its average volume of 1,272,799. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -13.87 and a beta of 2.17. The business has a 50-day moving average price of $12.51 and a two-hundred day moving average price of $8.88. Redwire Co. has a one year low of $2.68 and a one year high of $18.54.

Institutional Trading of Redwire

Several hedge funds and other institutional investors have recently modified their holdings of RDW. Barclays PLC lifted its position in Redwire by 55.8% during the third quarter. Barclays PLC now owns 1,181,138 shares of the company’s stock worth $8,115,000 after acquiring an additional 422,854 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Redwire by 6.3% during the third quarter. Geode Capital Management LLC now owns 523,743 shares of the company’s stock worth $3,599,000 after purchasing an additional 30,963 shares during the period. State Street Corp lifted its holdings in Redwire by 8.1% during the 3rd quarter. State Street Corp now owns 473,295 shares of the company’s stock worth $3,252,000 after purchasing an additional 35,519 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in Redwire in the 3rd quarter valued at $623,000. Finally, Penserra Capital Management LLC grew its holdings in Redwire by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 74,626 shares of the company’s stock valued at $512,000 after buying an additional 10,558 shares in the last quarter. Institutional investors own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on RDW shares. Cantor Fitzgerald restated an “overweight” rating and set a $6.00 price target on shares of Redwire in a research report on Monday, September 30th. HC Wainwright reaffirmed a “buy” rating and issued a $18.00 price target on shares of Redwire in a research note on Wednesday, December 11th. B. Riley lowered Redwire from a “buy” rating to a “neutral” rating and raised their price target for the stock from $8.00 to $9.50 in a research report on Tuesday, October 29th. Finally, Roth Mkm lifted their target price 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 given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.13.

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.