William Gottwald Sells 10,351 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 10,351 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $8.01, for a total transaction of $82,911.51. Following the sale, the insider owned 461,832 shares in the company, valued at approximately $3,699,274.32. The trade was a 2.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Trading Down 2.3%

NYSE TG opened at $7.77 on Friday. Tredegar Corporation has a 12 month low of $6.25 and a 12 month high of $10.53. The stock has a market cap of $272.19 million, a price-to-earnings ratio of 9.25 and a beta of 0.82. The company’s 50 day moving average is $8.47 and its two-hundred day moving average is $8.28.

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

Hedge Funds Weigh In On Tredegar

Several hedge funds have recently modified their holdings of the stock. Empowered Funds LLC lifted its holdings in shares of Tredegar by 2,164.8% in the first 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 in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Tredegar by 29.0% in the first 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 in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Tredegar by 33.2% in the first quarter. Renaissance Technologies LLC now owns 195,400 shares of the basic materials company’s stock worth $1,553,000 after buying an additional 48,708 shares in the last quarter. Teton Advisors LLC lifted its holdings in shares of Tredegar by 2.7% in the first quarter. Teton Advisors LLC now owns 113,000 shares of the basic materials company’s stock worth $898,000 after buying an additional 3,000 shares in the last quarter. Finally, Gabelli Funds LLC lifted its holdings in shares of Tredegar by 1.9% in the first quarter. Gabelli Funds LLC now owns 1,237,000 shares of the basic materials company’s stock worth $9,834,000 after buying an additional 23,000 shares in the last quarter. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Wall Street Analyst Weigh In

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

About Tredegar

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.