Park Lp Genesis II Sells 150,000 Shares of Redwire Co. (NYSE:RDW) Stock

Redwire Co. (NYSE:RDW) major shareholder Park Lp Genesis II sold 150,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $19.61, for a total value of $2,941,500.00. Following the transaction, the insider now directly owns 4,157,489 shares of the company’s stock, valued at approximately $81,528,359.29. This trade represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own more than 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 stock was 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 transaction 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 Price Performance

Shares of Redwire stock opened at $21.18 on Friday. Redwire Co. has a 1 year low of $2.76 and a 1 year high of $23.35. The firm has a market cap of $1.41 billion, a PE ratio of -17.51 and a beta of 2.17. The company has a 50 day simple moving average of $14.78 and a two-hundred day simple moving average of $9.87.

Analysts Set New Price Targets

A number of equities analysts have recently commented on RDW shares. Cantor Fitzgerald initiated coverage on Redwire in a report on Friday. They issued an “overweight” rating and a $28.00 price target for the company. Roth Mkm raised their target price on Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. HC Wainwright upped their price target on Redwire from $18.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, B. Riley lowered shares of Redwire from a “buy” rating to a “neutral” rating and raised their price objective for the company 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 issued a buy rating to the company. Based on data from MarketBeat.com, Redwire has an average rating of “Moderate Buy” and a consensus target price of $15.13.

Hedge Funds Weigh In On Redwire

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

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.