Tredegar (NYSE:TG) Major Shareholder John Gottwald Sells 35,507 Shares of Company Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 35,507 shares of the stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $8.00, for a total value of $284,056.00. Following the sale, the insider owned 325,620 shares of the company’s stock, valued at approximately $2,604,960. The trade was a 9.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Trading Up 1.1%

NYSE TG traded up $0.09 on Tuesday, hitting $7.98. 150,521 shares of the company were exchanged, compared to its average volume of 171,123. Tredegar Corporation has a 12 month low of $6.25 and a 12 month high of $10.53. The company has a market cap of $278.82 million, a PE ratio of 8.31 and a beta of 0.75. The stock has a fifty day moving average of $7.45 and a 200-day moving average of $7.91.

Tredegar (NYSE:TG) last posted its quarterly earnings results on Friday, August 7th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $216.24 million during the quarter. Tredegar had a net margin of 4.26% and a return on equity of 14.52%. During the same period in the previous year, the business posted $0.05 EPS.

Hedge Funds Weigh In On Tredegar

A number of large investors have recently made changes to their positions in the stock. Corient Private Wealth LP bought a new stake in Tredegar during the second quarter valued at $82,000. NewEdge Advisors LLC grew its position in Tredegar by 36.9% during the first quarter. NewEdge Advisors LLC now owns 16,471 shares of the basic materials company’s stock worth $131,000 after buying an additional 4,441 shares in the last quarter. Ieq Capital LLC bought a new position in Tredegar in the 2nd quarter worth about $152,000. Man Group plc bought a new position in Tredegar in the 2nd quarter worth about $190,000. Finally, Deutsche Bank AG purchased a new stake in shares of Tredegar in the 2nd quarter valued at about $205,000. 79.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings raised Tredegar from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, the stock has an average rating of “Hold”.

Tredegar Company Profile

Tredegar Corporation (NYSE: TG) is a manufacturer of specialty plastic films. Its products include polyethylene films used in personal care, household, medical, industrial and other consumer applications. The company’s films are incorporated into products such as diapers, hygiene products, packaging and protective materials.

Tredegar has also operated flexible packaging film businesses, producing high-performance films for food, beverage, pharmaceutical and other packaged goods applications.