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

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 13,886 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 720,084 shares in the company, valued at $6,171,119.88. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Trading Up 4.4%

Shares of NYSE TG opened at $8.23 on Thursday. The company has a market cap of $287.24 million, a price-to-earnings ratio of -5.21 and a beta of 0.67. Tredegar Corporation has a 12 month low of $6.25 and a 12 month high of $9.43. The stock has a 50-day moving average price of $7.73 and a two-hundred day moving average price of $7.86.

Tredegar (NYSE:TG) last announced its quarterly earnings results on Friday, November 7th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter. The company 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%.

Analyst Ratings Changes

TG has been the topic of several recent research reports. Wall Street Zen raised Tredegar from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Tredegar in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Gamco Investors INC. ET AL grew its position in shares of Tredegar by 1.7% in the 3rd quarter. Gamco Investors INC. ET AL now owns 5,990,851 shares of the basic materials company’s stock valued at $48,107,000 after buying an additional 97,444 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Tredegar by 8.4% in the third quarter. Vanguard Group Inc. now owns 1,512,840 shares of the basic materials company’s stock valued at $12,148,000 after acquiring an additional 117,298 shares during the last quarter. Gabelli Funds LLC increased its position in Tredegar by 6.9% during the 3rd quarter. Gabelli Funds LLC now owns 1,168,548 shares of the basic materials company’s stock valued at $9,383,000 after purchasing an additional 74,933 shares during the period. Geode Capital Management LLC raised its holdings in Tredegar by 0.3% during the 2nd 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. Finally, Gate City Capital Management LLC lifted its position in shares of Tredegar by 113.5% in the 2nd quarter. Gate City Capital Management LLC now owns 260,088 shares of the basic materials company’s stock worth $2,289,000 after purchasing an additional 138,278 shares during the period. 79.24% of the stock is owned by institutional investors and hedge funds.

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.