James Gottwald Sells 11,112 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder James Gottwald sold 11,112 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $9.05, for a total value of $100,563.60. Following the completion of the sale, the insider owned 588,253 shares in the company, valued at approximately $5,323,689.65. This trade represents a 1.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Price Performance

NYSE:TG opened at $8.74 on Thursday. Tredegar Corporation has a one year low of $6.25 and a one year high of $9.43. The company has a market cap of $305.22 million, a P/E ratio of -5.53 and a beta of 0.65. The firm’s fifty day moving average price is $8.11 and its two-hundred day moving average price is $7.85.

Institutional Investors Weigh In On Tredegar

A number of large investors have recently added to or reduced their stakes in TG. AQR Capital Management LLC raised its holdings 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 acquiring an additional 4,097 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Tredegar in the first quarter worth $144,000. Geode Capital Management LLC raised its stake 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 valued at $5,187,000 after purchasing an additional 1,506 shares in the last quarter. Bailard Inc. bought a new stake in Tredegar during the second quarter worth about $272,000. Finally, Rhumbline Advisers grew its stake in Tredegar by 4.8% during the second quarter. Rhumbline Advisers now owns 44,096 shares of the basic materials company’s stock worth $388,000 after buying an additional 2,021 shares in the last quarter. Institutional investors and hedge funds own 79.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen raised Tredegar from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tredegar in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Tredegar currently has a consensus rating of “Sell”.

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.