James Gottwald Sells 28,787 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder James Gottwald sold 28,787 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $8.99, for a total transaction of $258,795.13. Following the sale, the insider directly owned 541,446 shares of the company’s stock, valued at approximately $4,867,599.54. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Trading Up 0.2%

TG stock traded up $0.02 during trading on Thursday, reaching $9.04. The stock had a trading volume of 147,037 shares, compared to its average volume of 165,446. The firm has a fifty day moving average price of $8.23 and a 200 day moving average price of $7.87. The company has a market capitalization of $315.59 million, a P/E ratio of -5.72 and a beta of 0.65. Tredegar Corporation has a 1-year low of $6.25 and a 1-year high of $9.43.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TG. Weiss Ratings reissued a “sell (d-)” rating on shares of Tredegar in a report on Wednesday, January 21st. Wall Street Zen raised Tredegar from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Tredegar has an average rating of “Sell”.

Hedge Funds Weigh In On Tredegar

A number of hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings 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 buying an additional 1,506 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Tredegar by 53.2% during the 3rd 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 last quarter. Rhumbline Advisers grew its position in shares of Tredegar by 4.8% in the 2nd quarter. Rhumbline Advisers now owns 44,096 shares of the basic materials company’s stock worth $388,000 after acquiring an additional 2,021 shares in the last quarter. Bailard Inc. increased its holdings in shares of Tredegar by 7.0% in the 4th quarter. Bailard Inc. now owns 36,956 shares of the basic materials company’s stock valued at $265,000 after acquiring an additional 2,425 shares during the last quarter. Finally, Strs Ohio increased its holdings in shares of Tredegar by 5.5% in the 4th quarter. Strs Ohio now owns 52,000 shares of the basic materials company’s stock valued at $373,000 after acquiring an additional 2,700 shares during the last quarter. 79.24% of the stock is currently owned by institutional investors and hedge funds.

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.