Tredegar (NYSE:TG) Major Shareholder William Gottwald Sells 13,886 Shares

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 13,886 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $8.57, for a total value of $119,003.02. Following the completion of the transaction, the insider owned 720,084 shares of the company’s stock, valued at approximately $6,171,119.88. The trade was a 1.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Price Performance

TG stock traded up $0.35 during midday trading on Wednesday, hitting $8.23. The stock had a trading volume of 137,762 shares, compared to its average volume of 146,605. The business has a 50-day moving average of $7.73 and a two-hundred day moving average of $7.86. The firm has a market cap of $287.25 million, a price-to-earnings ratio of -5.21 and a beta of 0.67. Tredegar Corporation has a 52-week low of $6.25 and a 52-week high of $9.43.

Tredegar (NYSE:TG) last announced its earnings results on Friday, November 7th. The basic materials company reported $0.26 EPS for the quarter. The firm had revenue of $194.94 million for the quarter. Tredegar had a negative net margin of 7.75% and a positive return on equity of 8.64%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. AQR Capital Management LLC increased its holdings in Tredegar by 31.4% in the 1st quarter. AQR Capital Management LLC now owns 17,158 shares of the basic materials company’s stock worth $132,000 after buying an additional 4,097 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Tredegar in the first quarter worth approximately $144,000. Janney Montgomery Scott LLC purchased a new position in shares of Tredegar during the second quarter valued at approximately $413,000. Ritholtz Wealth Management lifted its position in Tredegar by 112.9% during the second quarter. Ritholtz Wealth Management now owns 83,411 shares of the basic materials company’s stock valued at $734,000 after purchasing an additional 44,224 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Tredegar by 0.3% in the second quarter. Geode Capital Management LLC now owns 589,275 shares of the basic materials company’s stock worth $5,187,000 after purchasing an additional 1,506 shares during the last quarter. 79.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Tredegar in a research note on Wednesday, October 8th. Wall Street Zen upgraded Tredegar from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Tredegar Company Profile

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.