Tredegar Corporation (NYSE:TG) was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating in a report issued on Friday.

Separately, BidaskClub raised shares of Tredegar Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th.

Tredegar Corporation (NYSE:TG) opened at 16.40 on Friday. The stock has a market cap of $540.54 million, a PE ratio of 8.76 and a beta of 1.77. Tredegar Corporation has a 12 month low of $14.65 and a 12 month high of $25.60. The company’s 50 day moving average is $15.95 and its 200 day moving average is $16.96.

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Several hedge funds have recently modified their holdings of TG. Arizona State Retirement System boosted its stake in shares of Tredegar Corporation by 0.8% in the second quarter. Arizona State Retirement System now owns 13,284 shares of the basic materials company’s stock valued at $203,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund boosted its stake in shares of Tredegar Corporation by 1.1% in the second quarter. Texas Permanent School Fund now owns 18,570 shares of the basic materials company’s stock valued at $283,000 after buying an additional 193 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of Tredegar Corporation by 6.9% in the second quarter. Thrivent Financial For Lutherans now owns 15,430 shares of the basic materials company’s stock valued at $235,000 after buying an additional 1,000 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Tredegar Corporation by 5.8% in the second quarter. The Manufacturers Life Insurance Company now owns 21,582 shares of the basic materials company’s stock valued at $328,000 after buying an additional 1,192 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Tredegar Corporation by 8.1% in the second quarter. Victory Capital Management Inc. now owns 23,532 shares of the basic materials company’s stock valued at $359,000 after buying an additional 1,758 shares in the last quarter. 62.67% of the stock is currently owned by institutional investors and hedge funds.

Tredegar Corporation Company Profile

Tredegar Corporation is engaged in the manufacture of polyethylene plastic films, polyester films and aluminum extrusions. The Company’s segments are PE Films, Flexible Packaging Films and Aluminum Extrusions. The PE Films segment manufactures plastic films, elastics and laminate materials utilized in personal care materials, surface protection films and specialty and optical lighting applications.

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