Park Lp Genesis II Sells 50,000 Shares of Redwire Co. (NYSE:RDW) Stock

Redwire Co. (NYSE:RDW) major shareholder Park Lp Genesis II sold 50,000 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $23.20, for a total transaction of $1,160,000.00. Following the completion of the sale, the insider now owns 3,754,041 shares in the company, valued at approximately $87,093,751.20. This trade represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more 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 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 transaction 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 transaction of $2,941,500.00.
• 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 stock was 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 shares were 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 transaction of $1,526,891.30.

Redwire Trading Down 3.5 %

NYSE RDW opened at $20.98 on Friday. Redwire Co. has a 1-year low of $2.89 and a 1-year high of $26.66. The firm’s fifty day simple moving average is $16.60 and its 200-day simple moving average is $10.80. The company has a market capitalization of $1.40 billion, a PE ratio of -17.33 and a beta of 2.23.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RDW. Squarepoint Ops LLC raised its position in Redwire by 59.4% during the second quarter. Squarepoint Ops LLC now owns 71,236 shares of the company’s stock valued at $511,000 after acquiring an additional 26,543 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Redwire in the 2nd quarter valued at $89,000. The Manufacturers Life Insurance Company bought a new stake in Redwire in the second quarter worth $74,000. SG Americas Securities LLC increased its position in Redwire by 39.6% during the third quarter. SG Americas Securities LLC now owns 21,870 shares of the company’s stock worth $150,000 after buying an additional 6,200 shares during the last quarter. Finally, Vontobel Holding Ltd. bought a new position in Redwire during the third quarter valued at about $74,000. 8.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RDW. B. Riley upgraded shares of Redwire from a “neutral” rating to a “buy” rating and boosted their price target for the company from $9.50 to $27.00 in a report on Monday, January 27th. HC Wainwright boosted their target price on shares of Redwire from $18.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Cantor Fitzgerald assumed coverage on Redwire in a research report on Friday, January 24th. They issued an “overweight” rating and a $28.00 target price for the company. Finally, Roth Mkm upped 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. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Redwire has an average rating of “Buy” and an average target price 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.