Redwire Co. (NYSE:RDW) Major Shareholder Park Lp Genesis II Sells 89,870 Shares

Redwire Co. (NYSE:RDW) major shareholder Park Lp Genesis II sold 89,870 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $16.99, for a total value of $1,526,891.30. Following the completion of the transaction, the insider now directly owns 4,603,427 shares in the company, valued at approximately $78,212,224.73. This trade represents a 1.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own at least 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 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 transaction of $96,731.71.

Redwire Price Performance

Shares of NYSE RDW traded down $1.19 during trading on Tuesday, hitting $16.46. The stock had a trading volume of 1,453,041 shares, compared to its average volume of 424,221. The firm has a fifty day moving average of $11.69 and a two-hundred day moving average of $8.49. Redwire Co. has a 12 month low of $2.68 and a 12 month high of $18.28. The company has a market capitalization of $1.10 billion, a PE ratio of -13.60 and a beta of 2.25.

Institutional Trading of Redwire

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC increased its stake in shares of Redwire by 6.3% during the 3rd 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 last quarter. Barclays PLC raised its stake in shares of Redwire by 55.8% in the third quarter. Barclays PLC now owns 1,181,138 shares of the company’s stock valued at $8,115,000 after buying an additional 422,854 shares during the period. State Street Corp lifted its position in shares of Redwire by 8.1% during the 3rd quarter. State Street Corp now owns 473,295 shares of the company’s stock valued at $3,252,000 after buying an additional 35,519 shares during the last quarter. Stifel Financial Corp bought a new position in shares of Redwire during the 3rd quarter worth $139,000. Finally, MetLife Investment Management LLC increased 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. 8.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RDW has been the subject of several research analyst reports. Roth Mkm lifted their price target on shares of Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $6.00 price target on shares of Redwire in a research note on Monday, September 30th. HC Wainwright reissued a “buy” rating and issued a $18.00 price objective on shares of Redwire in a research note on Wednesday, December 11th. Finally, B. Riley lowered Redwire from a “buy” rating to a “neutral” rating and upped their target price for the stock from $8.00 to $9.50 in a research report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.