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 stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $22.73, for a total value of $2,273,000.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Large 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 Thursday, January 23rd, Park Lp Genesis II sold 100,000 shares of Redwire stock. The shares were 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 shares were 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 shares were 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 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 shares were sold at an average price of $16.99, for a total transaction of $1,526,891.30.

Redwire Stock Up 2.4 %

Shares of RDW stock opened at $22.75 on Friday. Redwire Co. has a 12-month low of $2.77 and a 12-month high of $24.60. The company has a 50 day moving average of $15.43 and a 200-day moving average of $10.17. The firm has a market cap of $1.51 billion, a P/E ratio of -18.80 and a beta of 2.17.

Institutional Trading of Redwire

Several hedge funds and other institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC boosted its holdings in shares of Redwire by 59.4% in the second quarter. Squarepoint Ops LLC now owns 71,236 shares of the company’s stock worth $511,000 after acquiring an additional 26,543 shares during the period. AQR Capital Management LLC purchased a new stake in Redwire during the 2nd quarter worth about $89,000. The Manufacturers Life Insurance Company bought a new position in Redwire in the 2nd quarter worth about $74,000. SG Americas Securities LLC grew its holdings 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 buying an additional 6,200 shares in the last quarter. Finally, Vontobel Holding Ltd. bought a new stake in shares of Redwire during the third quarter valued at about $74,000. Institutional investors own 8.10% of the company’s stock.

Analysts Set New Price Targets

RDW has been the subject of a number of recent research reports. B. Riley raised Redwire from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $9.50 to $27.00 in a report on Monday. Roth Mkm upped 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. Cantor Fitzgerald began coverage on Redwire in a research note on Friday, January 24th. They set an “overweight” rating and a $28.00 price objective on the stock. Finally, HC Wainwright upped 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus 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.