Tredegar (NYSE:TG) Major Shareholder Sells $472,131.60 in Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 54,268 shares of Tredegar stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $8.70, for a total value of $472,131.60. Following the completion of the transaction, the insider owned 665,816 shares in the company, valued at $5,792,599.20. This trade represents a 7.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Stock Down 1.8%

Shares of NYSE:TG opened at $8.55 on Thursday. The company has a market cap of $298.38 million, a price-to-earnings ratio of -5.41 and a beta of 0.67. Tredegar Corporation has a fifty-two week low of $6.25 and a fifty-two week high of $9.43. The firm’s 50-day simple moving average is $7.77 and its 200-day simple moving average is $7.84.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wall Street Zen raised Tredegar from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tredegar in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Trading of Tredegar

Institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. lifted its holdings in Tredegar by 531.0% in the third quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 2,841 shares during the last quarter. BNP Paribas Financial Markets grew its position 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 increased its stake in shares of Tredegar by 225.3% during 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 during the period. Citadel Advisors LLC lifted its holdings in shares of Tredegar by 163.7% in the third quarter. Citadel Advisors LLC now owns 11,850 shares of the basic materials company’s stock valued at $95,000 after buying an additional 30,450 shares during the period. Finally, Prelude Capital Management LLC bought a new position in shares of Tredegar during the 3rd quarter valued at about $105,000. 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.