Insider Selling: Tredegar (NYSE:TG) Major Shareholder Sells $43,431.30 in Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 4,815 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $9.02, for a total value of $43,431.30. Following the completion of the transaction, the insider owned 524,623 shares in the company, valued at $4,732,099.46. This represents a 0.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Stock Up 0.5%

TG stock opened at $9.35 on Thursday. The firm has a 50 day moving average of $8.41 and a two-hundred day moving average of $7.94. Tredegar Corporation has a 12 month low of $6.25 and a 12 month high of $9.66. The company has a market capitalization of $326.41 million, a price-to-earnings ratio of -5.92 and a beta of 0.63.

Institutional Trading of Tredegar

Several hedge funds and other institutional investors have recently bought and sold shares of TG. Geode Capital Management LLC grew its position in Tredegar by 0.3% during the second quarter. Geode Capital Management LLC now owns 589,275 shares of the basic materials company’s stock worth $5,187,000 after buying an additional 1,506 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Tredegar by 53.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock worth $42,000 after buying an additional 1,830 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Tredegar by 4.8% in the 2nd quarter. Rhumbline Advisers now owns 44,096 shares of the basic materials company’s stock worth $388,000 after buying an additional 2,021 shares in the last quarter. Bailard Inc. lifted its position in shares of Tredegar by 7.0% during the 4th quarter. Bailard Inc. now owns 36,956 shares of the basic materials company’s stock worth $265,000 after buying an additional 2,425 shares during the period. Finally, Strs Ohio boosted its stake in Tredegar by 5.5% in the 4th quarter. Strs Ohio now owns 52,000 shares of the basic materials company’s stock valued at $373,000 after buying an additional 2,700 shares in the last quarter. 79.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TG has been the subject of several recent 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 Tredegar from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus 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.