Insider Selling: Tredegar (NYSE:TG) Major Shareholder Sells $30,317.66 in Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 3,418 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $8.87, for a total value of $30,317.66. Following the sale, the insider owned 583,968 shares of the company’s stock, valued at approximately $5,179,796.16. This trade represents a 0.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Stock Up 0.6%

Shares of TG opened at $8.81 on Friday. The business’s 50 day moving average is $8.15 and its two-hundred day moving average is $7.86. Tredegar Corporation has a 52-week low of $6.25 and a 52-week high of $9.43. The firm has a market cap of $307.38 million, a price-to-earnings ratio of -5.57 and a beta of 0.65.

Analyst Ratings Changes

TG has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tredegar in a research note on Wednesday, January 21st. Wall Street Zen raised shares of Tredegar from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Geode Capital Management LLC grew its position in shares of Tredegar by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 589,275 shares of the basic materials company’s stock valued at $5,187,000 after buying an additional 1,506 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Tredegar by 53.2% in the third quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 1,830 shares during the last quarter. Rhumbline Advisers boosted its stake in Tredegar by 4.8% in the second quarter. Rhumbline Advisers now owns 44,096 shares of the basic materials company’s stock valued at $388,000 after acquiring an additional 2,021 shares during the period. Bailard Inc. grew its holdings in shares of Tredegar by 7.0% during the fourth quarter. Bailard Inc. now owns 36,956 shares of the basic materials company’s stock valued at $265,000 after purchasing an additional 2,425 shares during the last quarter. Finally, Strs Ohio grew its holdings in shares of Tredegar by 5.5% during the fourth quarter. Strs Ohio now owns 52,000 shares of the basic materials company’s stock valued at $373,000 after purchasing an additional 2,700 shares during the last quarter. 79.24% of the stock is currently owned by institutional investors.

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.