Redwire Co. Major Shareholder Sells Shares

Redwire Co. (NYSE:RDW) experienced a significant transaction when major shareholder Park Lp Genesis II sold 72,415 shares of the company's stock on January 3rd. The shares were sold at an average price of $17.90 each, resulting in a total sale value of $1,296,228.50. Post-transaction, Park Lp Genesis II now holds 4,422,853 shares, amounting to approximately $79,169,068.70 in value, which reflects a 1.61% decrease in their ownership stake. This sale was filed with the Securities and Exchange Commission (SEC) and can be accessed for further details.

In addition to this sale, Park Lp Genesis II has been active in the stock market with several other transactions. On January 6th, they sold another 100,000 shares at an average price of $18.02, totaling $1,802,000.00. Just before that, on December 30th, they sold 5,371 shares at an average price of $18.01 for a total of $96,731.71. On December 27th, they also sold 89,870 shares at an average price of $16.99, accumulating $1,526,891.30 from that transaction.

Redwire Price Performance

As of Tuesday's midday trading, Redwire's stock price dipped by $0.68, bringing it down to $16.78. During the trading session, 1,248,455 shares changed hands, slightly above the average trading volume of 1,272,799 shares. The company's market capitalization stands at approximately $1.12 billion. Their price-to-earnings ratio is reported at -13.87, with a beta of 2.17, indicating higher volatility compared to the market. Redwire’s 50-day moving average is $12.51, while the 200-day moving average is $8.88. The stock has witnessed a yearly low of $2.68 and a high of $18.54.

Institutional Trading of Redwire

Redwire has been drawing substantial attention from institutional investors. Notably, Barclays PLC has increased its stake by 55.8% during the third quarter, now holding 1,181,138 shares worth around $8,115,000. Geode Capital Management LLC also lifted its position by 6.3%, resulting in ownership of 523,743 shares valued at $3,599,000. Similarly, State Street Corp added 8.1% to its holdings, now owning 473,295 shares valued at $3,252,000 after purchasing an extra 35,519 shares. Other notable players like Harbor Capital Advisors Inc. and Penserra Capital Management LLC have also adjusted their positions in the company. Currently, institutional investors own about 8.10% of Redwire’s stock.

Analyst Ratings

Research analysts have offered mixed reviews regarding Redwire stock. Cantor Fitzgerald maintained an "overweight" rating with a price target extension to $6.00 in a report dated September 30th. HC Wainwright reasserted a "buy" rating issuing a price target of $18.00 as of December 11th. In contrast, B. Riley downgraded Redwire from "buy" to "neutral," while raising their price target from $8.00 to $9.50 in their report on October 29th. Roth Mkm increased their price target to $13.00, maintaining a "buy" rating on November 8th. Across the board, one analyst rated the stock with a hold, while five assigned it a buy rating, resulting in an overall consensus of a "Moderate Buy" rating with a target price of $10.13 according to MarketBeat.com.

Company Overview

Redwire Corporation focuses on delivering essential space solutions and infrastructure to both government and commercial clients across the globe, including in the United States and Europe. They specialize in a range of technologies including avionics, sensors critical for spacecraft navigation, camera systems, and solar array solutions among others.

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