Park Lp Genesis II Sells 100,000 Shares of Redwire Co. (NYSE:RDW) Stock

Redwire Co. (NYSE:RDW) major shareholder Park Lp Genesis II sold 100,000 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $22.73, for a total value of $2,273,000.00. Following the completion of the transaction, the insider now owns 3,854,041 shares in the company, valued at $87,602,351.93. The trade was a 2.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% 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 Thursday, January 23rd, Park Lp Genesis II sold 100,000 shares of Redwire stock. The stock was 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 value 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 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 shares were 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 stock was sold at an average price of $16.99, for a total transaction of $1,526,891.30.

Redwire Trading Up 0.6 %

RDW traded up $0.13 during mid-day trading on Wednesday, hitting $22.13. 1,226,344 shares of the stock were exchanged, compared to its average volume of 2,088,154. The company has a market cap of $1.47 billion, a PE ratio of -18.28 and a beta of 2.17. The firm’s fifty day moving average is $15.21 and its two-hundred day moving average is $10.09. Redwire Co. has a 1-year low of $2.76 and a 1-year high of $24.60.

Institutional Investors Weigh In On Redwire

Several large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its stake in Redwire by 39.6% during the 3rd quarter. SG Americas Securities LLC now owns 21,870 shares of the company’s stock valued at $150,000 after acquiring an additional 6,200 shares during the last quarter. MetLife Investment Management LLC raised its holdings in Redwire by 129.1% during the third quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock worth $97,000 after purchasing an additional 7,921 shares in the last quarter. Arkadios Wealth Advisors purchased a new position in shares of Redwire during the 4th quarter worth approximately $165,000. The Manufacturers Life Insurance Company acquired a new stake in Redwire in the second quarter valued at $74,000. Finally, Penserra Capital Management LLC lifted its stake in shares of Redwire by 16.5% in the third quarter. Penserra Capital Management LLC now owns 74,626 shares of the company’s stock valued at $512,000 after purchasing an additional 10,558 shares during the period. 8.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Cantor Fitzgerald started coverage on Redwire in a research report on Friday, January 24th. They issued an “overweight” rating and a $28.00 price objective for the company. Roth Mkm increased their price target on Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, November 8th. B. Riley upgraded shares of Redwire from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $9.50 to $27.00 in a report on Monday. Finally, HC Wainwright increased their target price on shares of Redwire from $18.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Redwire has a consensus rating of “Buy” and a consensus target price of $18.04.

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.