Tredegar (NYSE:TG) Major Shareholder James Gottwald Sells 4,192 Shares

Tredegar Corporation (NYSE:TG) major shareholder James Gottwald sold 4,192 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $8.02, for a total value of $33,619.84. Following the sale, the insider owned 457,639 shares of the company’s stock, valued at approximately $3,670,264.78. This represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major 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

Shares of TG stock traded down $0.17 on Monday, hitting $7.64. 65,121 shares of the company’s stock were exchanged, compared to its average volume of 170,497. Tredegar Corporation has a 12 month low of $6.25 and a 12 month high of $10.53. The stock has a market cap of $267.55 million, a P/E ratio of 9.10 and a beta of 0.75. The company has a 50 day moving average of $8.47 and a 200 day moving average of $8.28.

Tredegar (NYSE:TG) last announced its quarterly earnings data on Friday, May 8th. The basic materials company reported $0.15 earnings per share for the quarter. Tredegar had a return on equity of 12.91% and a net margin of 3.89%.The business had revenue of $186.49 million during the quarter.

Hedge Funds Weigh In On Tredegar

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Empowered Funds LLC increased its holdings in Tredegar by 2,164.8% in the 1st quarter. Empowered Funds LLC now owns 32,387 shares of the basic materials company’s stock worth $257,000 after purchasing an additional 30,957 shares in the last quarter. Quantinno Capital Management LP increased its holdings in Tredegar by 29.0% in the 1st quarter. Quantinno Capital Management LP now owns 98,741 shares of the basic materials company’s stock worth $785,000 after purchasing an additional 22,221 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Tredegar by 33.2% in the 1st quarter. Renaissance Technologies LLC now owns 195,400 shares of the basic materials company’s stock worth $1,553,000 after purchasing an additional 48,708 shares in the last quarter. Teton Advisors LLC increased its holdings in Tredegar by 2.7% in the 1st quarter. Teton Advisors LLC now owns 113,000 shares of the basic materials company’s stock worth $898,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Gabelli Funds LLC increased its holdings in Tredegar by 1.9% in the 1st quarter. Gabelli Funds LLC now owns 1,237,000 shares of the basic materials company’s stock worth $9,834,000 after purchasing an additional 23,000 shares in the last quarter. Institutional investors and hedge funds own 79.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Tredegar from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.