Tredegar (NYSE:TG) Major Shareholder John Gottwald Sells 33,333 Shares of Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 33,333 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $8.03, for a total transaction of $267,663.99. Following the completion of the transaction, the insider owned 292,287 shares of the company’s stock, valued at $2,347,064.61. This trade represents a 10.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Trading Up 0.9%

Shares of TG stock traded up $0.07 during trading hours on Thursday, hitting $8.03. 243,565 shares of the company were exchanged, compared to its average volume of 172,981. The business has a 50 day moving average of $7.46 and a two-hundred day moving average of $7.91. Tredegar Corporation has a 52 week low of $6.25 and a 52 week high of $10.53. The company has a market capitalization of $280.57 million, a PE ratio of 8.36 and a beta of 0.75.

Tredegar (NYSE:TG) last issued its quarterly earnings data on Friday, August 7th. The basic materials company reported $0.18 EPS for the quarter. The business had revenue of $216.24 million for the quarter. Tredegar had a net margin of 4.26% and a return on equity of 14.52%. During the same quarter in the previous year, the business earned $0.05 earnings per share.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Tredegar from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 21st. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat.com, Tredegar has a consensus rating of “Hold”.

Institutional Investors Weigh In On Tredegar

A number of hedge funds and other institutional investors have recently bought and sold shares of TG. Corient Private Wealth LP bought a new stake in Tredegar in the 2nd quarter valued at approximately $82,000. Susquehanna International Group LLP boosted its position in Tredegar by 116.2% during the 2nd quarter. Susquehanna International Group LLP now owns 36,581 shares of the basic materials company’s stock worth $291,000 after acquiring an additional 19,664 shares during the last quarter. Hsbc Holdings PLC boosted its position in Tredegar by 145.3% during the 2nd quarter. Hsbc Holdings PLC now owns 30,559 shares of the basic materials company’s stock worth $242,000 after acquiring an additional 18,103 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Tredegar during the 2nd quarter worth approximately $630,000. Finally, Bank of America Corp DE bought a new position in shares of Tredegar during the 2nd quarter worth approximately $508,000. Institutional investors and hedge funds own 79.24% of the company’s stock.

About Tredegar

Tredegar Corporation (NYSE: TG) is a manufacturer of specialty plastic films. Its products include polyethylene films used in personal care, household, medical, industrial and other consumer applications. The company’s films are incorporated into products such as diapers, hygiene products, packaging and protective materials.

Tredegar has also operated flexible packaging film businesses, producing high-performance films for food, beverage, pharmaceutical and other packaged goods applications.