Tredegar (NYSE:TG) Major Shareholder John Gottwald Sells 22,219 Shares

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 22,219 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $9.02, for a total value of $200,415.38. Following the completion of the sale, the insider directly owned 599,364 shares in the company, valued at $5,406,263.28. This represents a 3.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Trading Down 0.1%

Shares of TG opened at $9.03 on Friday. Tredegar Corporation has a 12-month low of $6.25 and a 12-month high of $9.43. The firm has a market cap of $315.20 million, a PE ratio of -5.71 and a beta of 0.65. The company’s 50 day simple moving average is $8.02 and its 200-day simple moving average is $7.86.

Wall Street Analyst Weigh In

TG has been the subject of a number of analyst reports. Wall Street Zen raised shares of Tredegar from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Tredegar in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Tredegar

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC increased its position in shares of Tredegar by 31.4% in the 1st quarter. AQR Capital Management LLC now owns 17,158 shares of the basic materials company’s stock valued at $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 during the 1st quarter worth approximately $144,000. Janney Montgomery Scott LLC acquired a new stake in shares of Tredegar in the 2nd quarter valued at approximately $413,000. Ritholtz Wealth Management grew its stake in shares of Tredegar by 112.9% in the second quarter. Ritholtz Wealth Management now owns 83,411 shares of the basic materials company’s stock valued at $734,000 after buying an additional 44,224 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings 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 during the last quarter. Institutional investors and hedge funds own 79.24% of the company’s stock.

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.