Tredegar Co. (NYSE:TG) Stock Position Decreased by Investors Research Corp

Investors Research Corp lessened its holdings in Tredegar Co. (NYSE:TG) by 24.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,800 shares of the basic materials company’s stock after selling 2,800 shares during the period. Investors Research Corp’s holdings in Tredegar were worth $48,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of Tredegar by 362.5% in the first quarter. Tower Research Capital LLC TRC now owns 2,784 shares of the basic materials company’s stock worth $25,000 after buying an additional 2,182 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Tredegar in the second quarter worth $26,000. Captrust Financial Advisors boosted its position in shares of Tredegar by 111.0% in the first quarter. Captrust Financial Advisors now owns 3,977 shares of the basic materials company’s stock worth $48,000 after buying an additional 2,092 shares during the period. CWM LLC boosted its position in shares of Tredegar by 103.8% in the third quarter. CWM LLC now owns 5,411 shares of the basic materials company’s stock worth $29,000 after buying an additional 2,756 shares during the period. Finally, UMB Bank n.a. acquired a new stake in shares of Tredegar in the third quarter worth $30,000. Institutional investors and hedge funds own 79.24% of the company’s stock.

Tredegar Trading Down 3.8 %

Shares of Tredegar stock opened at $6.30 on Wednesday. The company has a quick ratio of 0.38, a current ratio of 0.71 and a debt-to-equity ratio of 0.13. Tredegar Co. has a 12 month low of $3.98 and a 12 month high of $9.53. The business has a fifty day simple moving average of $5.24 and a 200-day simple moving average of $5.05.

Tredegar (NYSE:TG) last announced its quarterly earnings data on Friday, March 15th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter. Tredegar had a negative return on equity of 2.72% and a negative net margin of 15.08%. The firm had revenue of $166.99 million for the quarter.

Tredegar Profile

Tredegar Corporation manufactures and sells aluminum extrusions, polyethylene (PE) films, and plastic and polyester films in the United States and internationally. It operates through three segments: Aluminum Extrusions, PE Films, and Flexible Packaging Films. The Aluminum Extrusions segment produces soft and medium strength alloyed aluminum extrusions, custom fabricated and finished aluminum extrusions for the building and construction, automotive and transportation, consumer durables, machinery and equipment, electrical and renewable energy, and distribution markets; and manufactures mill, anodized, and painted and alloyed aluminum extrusions to fabricators and distributors.