Tredegar (NYSE:TG) Major Shareholder Sells $472,140.30 in Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 54,269 shares of the stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $8.70, for a total value of $472,140.30. Following the completion of the transaction, the insider owned 665,815 shares in the company, valued at approximately $5,792,590.50. The trade was a 7.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Price Performance

Shares of NYSE:TG traded up $0.17 during trading on Monday, reaching $8.73. 16,883 shares of the stock were exchanged, compared to its average volume of 171,450. Tredegar Corporation has a 1-year low of $6.25 and a 1-year high of $9.43. The stock has a fifty day moving average of $7.74 and a two-hundred day moving average of $7.84. The firm has a market cap of $304.59 million, a price-to-earnings ratio of -5.52 and a beta of 0.67.

Tredegar (NYSE:TG) last announced its quarterly 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 business had revenue of $194.94 million during the quarter.

Analyst Ratings Changes

TG has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Tredegar in a report on Wednesday. Wall Street Zen raised 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, Based on data from MarketBeat.com, Tredegar has an average rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC grew its stake in 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 purchased a new stake in shares of Tredegar during the 1st quarter valued at $144,000. Janney Montgomery Scott LLC bought a new stake in shares of Tredegar during the 2nd quarter worth $413,000. Ritholtz Wealth Management lifted its holdings in shares of Tredegar by 112.9% during the 2nd quarter. Ritholtz Wealth Management now owns 83,411 shares of the basic materials company’s stock worth $734,000 after acquiring an additional 44,224 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Tredegar by 0.3% in the second quarter. Geode Capital Management LLC now owns 589,275 shares of the basic materials company’s stock worth $5,187,000 after acquiring an additional 1,506 shares in the last quarter. Institutional investors 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.