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

Redwire Co. (NYSE:RDW) major shareholder Park Lp Genesis II sold 89,870 shares of Redwire stock in a transaction 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 owns 4,603,427 shares in the company, valued at $78,212,224.73. This represents a 1.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions 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 value of $96,731.71.

Redwire Stock Performance

Redwire stock opened at $17.04 on Friday. The business’s 50-day simple moving average is $12.16 and its two-hundred day simple moving average is $8.67. The company has a market cap of $1.13 billion, a PE ratio of -14.08 and a beta of 2.25. Redwire Co. has a fifty-two week low of $2.68 and a fifty-two week high of $18.28.

Institutional Investors Weigh In On Redwire

A number of large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company purchased a new stake in shares of Redwire in the 2nd quarter valued at $74,000. Vontobel Holding Ltd. purchased a new stake in Redwire in the third quarter valued at $74,000. AQR Capital Management LLC acquired a new stake in Redwire during the 2nd quarter worth about $89,000. MetLife Investment Management LLC raised its stake in shares of Redwire by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock valued at $97,000 after buying an additional 7,921 shares during the last quarter. Finally, Stifel Financial Corp acquired a new position in shares of Redwire in the 3rd quarter valued at about $139,000. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

RDW has been the topic of a number of recent analyst reports. Cantor Fitzgerald restated an “overweight” rating and issued a $6.00 price target on shares of Redwire in a report on Monday, September 30th. Roth Mkm raised their target price 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. HC Wainwright reaffirmed a “buy” rating and set a $18.00 price target on shares of Redwire in a research report on Wednesday, December 11th. Finally, B. Riley cut Redwire from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $8.00 to $9.50 in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.13.

About Redwire

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.