Redwire Co. (NYSE:RDW) Major Shareholder Sells $150,768.48 in Stock

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 shares were 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more 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 shares were 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 stock was sold at an average price of $22.73, for a total value of $2,273,000.00.
• On Thursday, January 23rd, Park Lp Genesis II sold 100,000 shares of Redwire stock. The shares were 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 stock was sold at an average price of $19.61, for a total value 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 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 transaction 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 Trading Down 7.3 %

RDW stock traded down $1.73 during mid-day trading on Tuesday, reaching $21.92. 1,397,018 shares of the stock traded hands, compared to its average volume of 2,075,516. Redwire Co. has a 52-week low of $2.89 and a 52-week high of $26.66. The stock’s fifty day moving average is $16.94 and its 200-day moving average is $11.07. The company has a market cap of $1.46 billion, a P/E ratio of -18.12 and a beta of 2.23.

Hedge Funds Weigh In On Redwire

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Redwire by 8.4% in the fourth quarter. Vanguard Group Inc. now owns 1,310,660 shares of the company’s stock worth $21,573,000 after buying an additional 101,620 shares during the period. LPL Financial LLC purchased a new position in Redwire during the 4th quarter valued at about $191,000. Sei Investments Co. increased its holdings in shares of 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 purchasing an additional 14,664 shares during the period. Quantbot Technologies LP acquired a new position in shares of Redwire in the 4th quarter valued at about $154,000. Finally, Andar Capital Management HK Ltd purchased a new stake in shares of Redwire in the fourth quarter worth approximately $3,621,000. Institutional investors and hedge funds own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on RDW shares. B. Riley upgraded Redwire from a “neutral” rating to a “buy” rating and upped their target price for the stock from $9.50 to $27.00 in a research report on Monday, January 27th. HC Wainwright raised their price objective 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. 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. Finally, Cantor Fitzgerald started coverage on shares of Redwire in a research note on Friday, January 24th. They set an “overweight” rating and a $28.00 target price for the company. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $18.04.

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.