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 Redwire stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $19.61, for a total value of $2,941,500.00. Following the completion of the sale, the insider now owns 4,157,489 shares of the company’s stock, valued at approximately $81,528,359.29. The trade was a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major 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, 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 stock was 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 stock was sold at an average price of $16.99, for a total value of $1,526,891.30.

Redwire Stock Down 3.9 %

Shares of NYSE:RDW opened at $21.18 on Friday. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -17.51 and a beta of 2.17. Redwire Co. has a 12-month low of $2.76 and a 12-month high of $23.35. The business’s 50 day moving average is $14.78 and its 200 day moving average is $9.85.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Arkadios Wealth Advisors purchased a new position in Redwire in the fourth quarter worth $165,000. Brookstone Capital Management purchased a new position in Redwire in the fourth quarter worth $329,000. Geode Capital Management LLC boosted its position in Redwire by 6.3% in the third 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 boosted its position 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 purchasing an additional 422,854 shares during the last quarter. Finally, State Street Corp boosted its position in Redwire by 8.1% in the third quarter. State Street Corp now owns 473,295 shares of the company’s stock worth $3,252,000 after purchasing an additional 35,519 shares during the last quarter. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on RDW shares. B. Riley downgraded Redwire from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $8.00 to $9.50 in a report on Tuesday, October 29th. Cantor Fitzgerald started coverage on Redwire in a report on Friday. They set an “overweight” rating and a $28.00 price objective for the company. HC Wainwright boosted their price objective on Redwire from $18.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Roth Mkm boosted their price objective on Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.13.

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.