Tredegar (NYSE:TG) Major Shareholder John Gottwald Sells 33,333 Shares of Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 33,333 shares of the firm’s stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $8.03, for a total transaction of $267,663.99. Following the completion of the sale, the insider owned 292,287 shares in the company, valued at approximately $2,347,064.61. The trade was a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Trading Up 0.9%

Shares of Tredegar stock opened at $8.03 on Friday. The firm has a market capitalization of $280.57 million, a PE ratio of 8.36 and a beta of 0.75. The firm’s 50 day moving average is $7.46 and its 200 day moving average is $7.91. Tredegar Corporation has a 1 year low of $6.25 and a 1 year high of $10.53.

Tredegar (NYSE:TG) last released its quarterly earnings data 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 quarter in the prior year, the company earned $0.05 earnings per share.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Tredegar from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 21st. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Tredegar has a consensus rating of “Hold”.

Institutional Investors Weigh In On Tredegar

Several large investors have recently modified their holdings of the company. Corient Private Wealth LP bought a new position in Tredegar during the second quarter worth $82,000. Susquehanna International Group LLP lifted its holdings in Tredegar by 116.2% in the second quarter. Susquehanna International Group LLP now owns 36,581 shares of the basic materials company’s stock valued at $291,000 after buying an additional 19,664 shares during the period. Hsbc Holdings PLC lifted its holdings in Tredegar by 145.3% in the second quarter. Hsbc Holdings PLC now owns 30,559 shares of the basic materials company’s stock valued at $242,000 after buying an additional 18,103 shares during the period. Empowered Funds LLC bought a new stake in Tredegar during the second quarter valued at $630,000. Finally, Bank of America Corp DE bought a new stake in Tredegar during the second quarter valued at $508,000. 79.24% of the stock is currently owned by institutional investors and hedge funds.

About Tredegar

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.