Redwire Co. (NYSE:RDW) Major Shareholder Sells $150,768.48 in Stock

Redwire Co. (NYSE:RDW) major shareholder Park Lp Genesis II sold 6,683 shares of Redwire 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 sale, the insider now owns 3,704,664 shares of the company’s stock, valued at approximately $83,577,219.84. This trade represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large 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 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 shares were sold at an average price of $22.73, for a total value 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 value 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 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 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 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 shares were sold at an average price of $16.99, for a total transaction of $1,526,891.30.

Redwire Price Performance

NYSE RDW traded down $1.73 on Tuesday, reaching $21.92. The company had a trading volume of 1,397,018 shares, compared to its average volume of 2,075,516. The firm has a market capitalization of $1.46 billion, a PE ratio of -18.12 and a beta of 2.23. The firm has a 50-day moving average of $16.94 and a 200-day moving average of $11.07. Redwire Co. has a 1 year low of $2.89 and a 1 year high of $26.66.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. HC Wainwright lifted their target price on Redwire from $18.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Cantor Fitzgerald began coverage on shares of Redwire in a research report on Friday, January 24th. They set an “overweight” rating and a $28.00 target price for the company. Roth Mkm lifted their price target on shares of Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, B. Riley raised shares of Redwire from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $9.50 to $27.00 in a research report on Monday, January 27th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $18.04.

Institutional Investors Weigh In On Redwire

Large investors have recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Redwire by 55.8% during the third quarter. Barclays PLC now owns 1,181,138 shares of the company’s stock worth $8,115,000 after buying an additional 422,854 shares in the last quarter. Andar Capital Management HK Ltd acquired a new position in Redwire during the 4th quarter worth $3,621,000. Vanguard Group Inc. raised its stake 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 valued at $21,573,000 after purchasing an additional 101,620 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Redwire in the 3rd quarter valued at about $623,000. Finally, Van ECK Associates Corp bought a new position in shares of Redwire during the fourth quarter worth about $1,151,000. 8.10% of the stock is owned by institutional investors and hedge funds.

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.