James Gottwald Sells 13,887 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder James Gottwald sold 13,887 shares of the firm’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $8.57, for a total transaction of $119,011.59. Following the sale, the insider directly owned 720,084 shares in the company, valued at $6,171,119.88. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Price Performance

NYSE:TG opened at $8.60 on Friday. The firm has a market cap of $300.23 million, a PE ratio of -5.44 and a beta of 0.67. The firm has a 50 day simple moving average of $7.73 and a 200-day simple moving average of $7.86. Tredegar Corporation has a 1-year low of $6.25 and a 1-year high of $9.43.

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

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

Institutional Trading of Tredegar

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in Tredegar by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 83,787 shares of the basic materials company’s stock valued at $673,000 after buying an additional 4,288 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Tredegar during the 3rd quarter valued at $713,000. Prelude Capital Management LLC purchased a new stake in Tredegar during the 3rd quarter worth $105,000. Citadel Advisors LLC increased its holdings in Tredegar by 163.7% in the 3rd quarter. Citadel Advisors LLC now owns 11,850 shares of the basic materials company’s stock valued at $95,000 after purchasing an additional 30,450 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position 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 valued at $42,000 after purchasing an additional 1,830 shares during the period. Institutional investors and hedge funds own 79.24% of the company’s stock.

About Tredegar

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.