John Gottwald Sells 4,814 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 4,814 shares of Tredegar stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $9.02, for a total value of $43,422.28. Following the completion of the sale, the insider directly owned 524,624 shares in the company, valued at $4,732,108.48. This represents a 0.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Trading Down 2.7%

Shares of TG stock opened at $9.29 on Wednesday. The stock has a 50 day simple moving average of $8.37 and a 200-day simple moving average of $7.93. The company has a market cap of $324.31 million, a price-to-earnings ratio of -5.88 and a beta of 0.63. Tredegar Corporation has a 12-month low of $6.25 and a 12-month high of $9.66.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TG. Russell Investments Group Ltd. boosted its position in shares of Tredegar by 531.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company’s stock worth $27,000 after buying an additional 2,841 shares in the last quarter. Torren Management LLC purchased a new stake in shares of Tredegar in the fourth quarter valued at about $32,000. BNP Paribas Financial Markets lifted its stake in Tredegar by 53.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock valued at $42,000 after buying an additional 1,830 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Tredegar by 225.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 4,771 shares in the last quarter. Finally, Heron Bay Capital Management acquired a new stake in shares of Tredegar during the 4th quarter worth about $76,000. Institutional investors and hedge funds own 79.24% of the company’s stock.

Analyst Upgrades and Downgrades

TG has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Tredegar in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Tredegar from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Tredegar presently has an average rating of “Sell”.

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.