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

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 13,886 shares of the stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $8.57, for a total transaction of $119,003.02. Following the transaction, the insider owned 720,084 shares in the company, valued at $6,171,119.88. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Trading Up 4.4%

Shares of TG traded up $0.35 during mid-day trading on Wednesday, reaching $8.23. The company’s stock had a trading volume of 137,762 shares, compared to its average volume of 146,605. Tredegar Corporation has a 52 week low of $6.25 and a 52 week high of $9.43. The stock has a market cap of $287.25 million, a PE ratio of -5.21 and a beta of 0.67. The company’s fifty day moving average price is $7.73 and its two-hundred day moving average price is $7.86.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of 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 report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Institutional Trading of Tredegar

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TG. JPMorgan Chase & Co. increased its position in Tredegar by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 83,787 shares of the basic materials company’s stock valued at $673,000 after purchasing an additional 4,288 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Tredegar during the 3rd quarter valued at about $713,000. Prelude Capital Management LLC purchased a new position in shares of Tredegar during the third quarter valued at about $105,000. Citadel Advisors LLC raised its stake in Tredegar by 163.7% in the third quarter. Citadel Advisors LLC now owns 11,850 shares of the basic materials company’s stock worth $95,000 after buying an additional 30,450 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Tredegar by 53.2% in the third quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock worth $42,000 after buying an additional 1,830 shares during the period. Hedge funds and other institutional investors 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.