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 Redwire stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $18.01, for a total transaction of $96,731.71. Following the sale, the insider now directly owns 4,598,056 shares in the company, valued at $82,810,988.56. This trade represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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 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

Redwire stock opened at $16.46 on Thursday. The firm has a market cap of $1.10 billion, a P/E ratio of -13.60 and a beta of 2.25. The stock’s 50 day moving average is $11.99 and its 200 day moving average is $8.62. Redwire Co. has a one year low of $2.68 and a one year high of $18.28.

Institutional Investors Weigh In On Redwire

Institutional investors have recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new position in Redwire in the third quarter valued at $623,000. Barclays PLC lifted its stake in shares of Redwire by 55.8% in the 3rd quarter. Barclays PLC now owns 1,181,138 shares of the company’s stock valued at $8,115,000 after purchasing an additional 422,854 shares during the period. Stifel Financial Corp bought a new stake in shares of Redwire during the 3rd quarter valued at about $139,000. State Street Corp grew its stake in Redwire by 8.1% during the third quarter. State Street Corp now owns 473,295 shares of the company’s stock worth $3,252,000 after purchasing an additional 35,519 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Redwire by 496.1% in the second quarter. Bank of New York Mellon Corp now owns 71,340 shares of the company’s stock worth $512,000 after purchasing an additional 59,372 shares in the last quarter. 8.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RDW has been the subject of a number of research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $6.00 price target on shares of Redwire in a research note on Monday, September 30th. Roth Mkm boosted 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 lowered shares of Redwire from a “buy” rating to a “neutral” rating and raised their price objective for the company from $8.00 to $9.50 in a report on Tuesday, October 29th. Finally, HC Wainwright reissued a “buy” rating and set a $18.00 target price on shares of Redwire in a report on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.