Park Lp Genesis II Sells 5,371 Shares of Redwire Co. (NYSE:RDW) Stock

Redwire Co. (NYSE:RDW) major shareholder Park Lp Genesis II sold 5,371 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $18.01, for a total value of $96,731.71. Following the sale, the insider now directly owns 4,598,056 shares of the company’s stock, valued at approximately $82,810,988.56. This represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 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 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

RDW traded down $1.19 during trading on Tuesday, reaching $16.46. 1,453,041 shares of the stock were exchanged, compared to its average volume of 424,221. Redwire Co. has a 1 year low of $2.68 and a 1 year high of $18.28. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -13.60 and a beta of 2.25. The business’s 50 day moving average price is $11.69 and its two-hundred day moving average price is $8.49.

Hedge Funds Weigh In On Redwire

Several hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its position in shares of Redwire by 496.1% in the second quarter. Bank of New York Mellon Corp now owns 71,340 shares of the company’s stock valued at $512,000 after purchasing an additional 59,372 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Redwire by 64.7% in the second quarter. Rhumbline Advisers now owns 32,335 shares of the company’s stock worth $232,000 after acquiring an additional 12,703 shares during the last quarter. LJI Wealth Management LLC purchased a new stake in shares of Redwire in the second quarter valued at $258,000. Squarepoint Ops LLC boosted its stake in shares of 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 during the last quarter. Finally, AQR Capital Management LLC purchased a new stake in Redwire during the 2nd quarter worth about $89,000. 8.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on RDW shares. HC Wainwright reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Redwire in a report on Wednesday, December 11th. Roth Mkm upped their price objective on Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, November 8th. B. Riley downgraded Redwire from a “buy” rating to a “neutral” rating and raised their target price for the company from $8.00 to $9.50 in a report on Tuesday, October 29th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $6.00 price target on shares of Redwire in a research note on Monday, September 30th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus 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.