Redwire Co. (NYSE:RDW) Major Shareholder Park Lp Genesis II Sells 6,683 Shares of Stock

Redwire Co. (NYSE:RDW) major shareholder Park Lp Genesis II sold 6,683 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $22.56, for a total transaction of $150,768.48. Following the completion of the sale, the insider now owns 3,704,664 shares of the company’s stock, valued at $83,577,219.84. This trade represents a 0.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Park Lp Genesis II also recently made the following trade(s):

• On Tuesday, February 4th, Park Lp Genesis II sold 50,000 shares of Redwire stock. The stock was sold at an average price of $23.20, for a total transaction of $1,160,000.00.
• 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 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 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 transaction 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 transaction 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 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 Stock Performance

NYSE RDW opened at $21.92 on Wednesday. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of -18.12 and a beta of 2.23. The company’s 50-day simple moving average is $16.94 and its two-hundred day simple moving average is $11.07. Redwire Co. has a one year low of $2.89 and a one year high of $26.66.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Redwire by 8.4% in the 4th quarter. Vanguard Group Inc. now owns 1,310,660 shares of the company’s stock worth $21,573,000 after buying an additional 101,620 shares during the last quarter. LPL Financial LLC purchased a new position in shares of Redwire in the 4th quarter worth approximately $191,000. Sei Investments Co. grew its position in shares of Redwire by 146.6% in the 4th quarter. Sei Investments Co. now owns 24,664 shares of the company’s stock worth $406,000 after buying an additional 14,664 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Redwire in the 4th quarter worth approximately $154,000. Finally, Andar Capital Management HK Ltd purchased a new position in shares of Redwire in the 4th quarter worth approximately $3,621,000. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. HC Wainwright raised their price target 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. Cantor Fitzgerald assumed coverage on shares of Redwire in a research note on Friday, January 24th. They issued an “overweight” rating and a $28.00 price target on the stock. B. Riley raised shares of Redwire from a “neutral” rating to a “buy” rating and raised their price target for the stock from $9.50 to $27.00 in a research note on Monday, January 27th. Finally, Roth Mkm raised their price target on shares of Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently 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.