Tredegar (NYSE:TG) Major Shareholder James Gottwald Sells 4,192 Shares

Tredegar Corporation (NYSE:TG) major shareholder James Gottwald sold 4,192 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $8.02, for a total value of $33,619.84. Following the transaction, the insider owned 457,639 shares of the company’s stock, valued at approximately $3,670,264.78. The trade was a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Trading Down 0.7%

NYSE TG opened at $7.76 on Tuesday. Tredegar Corporation has a 1-year low of $6.25 and a 1-year high of $10.53. The stock has a 50-day moving average of $8.47 and a 200-day moving average of $8.28. The firm has a market cap of $271.56 million, a PE ratio of 9.23 and a beta of 0.82.

Tredegar (NYSE:TG) last released its quarterly earnings results on Friday, May 8th. The basic materials company reported $0.15 EPS for the quarter. The business had revenue of $186.49 million during the quarter. Tredegar had a return on equity of 12.91% and a net margin of 3.89%.

Analyst Ratings Changes

Separately, Weiss Ratings raised Tredegar from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Hedge Funds Weigh In On Tredegar

A number of institutional investors and hedge funds have recently modified their holdings of the company. Empowered Funds LLC boosted its stake in shares of Tredegar by 2,164.8% in the 1st quarter. Empowered Funds LLC now owns 32,387 shares of the basic materials company’s stock worth $257,000 after buying an additional 30,957 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Tredegar by 29.0% in the 1st quarter. Quantinno Capital Management LP now owns 98,741 shares of the basic materials company’s stock worth $785,000 after buying an additional 22,221 shares during the last quarter. Renaissance Technologies LLC lifted its position in Tredegar by 33.2% during the first quarter. Renaissance Technologies LLC now owns 195,400 shares of the basic materials company’s stock valued at $1,553,000 after purchasing an additional 48,708 shares in the last quarter. Teton Advisors LLC lifted its position in Tredegar by 2.7% during the first quarter. Teton Advisors LLC now owns 113,000 shares of the basic materials company’s stock valued at $898,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Gabelli Funds LLC lifted its position in Tredegar by 1.9% during the first quarter. Gabelli Funds LLC now owns 1,237,000 shares of the basic materials company’s stock valued at $9,834,000 after purchasing an additional 23,000 shares in the last quarter. 79.24% of the stock is currently owned by hedge funds and other institutional investors.

Tredegar Company Profile

Tredegar Corporation is a diversified manufacturer specializing in high-performance plastic films and aluminum extrusions. Headquartered in Richmond, Virginia, the company operates through two primary segments—Films and Manufactured Products—serving a broad range of industries that include flexible packaging, medical devices, electronics, building and construction. Tredegar’s operations focus on delivering tailored solutions that meet demanding specifications for barrier properties, film strength and extrusion tolerances.

The Films segment produces a variety of polyolefin films, including cast and blown polyethylene, BOPP (biaxially oriented polypropylene), barrier films and specialty medical-grade films.