John Gottwald Sells 16,086 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 16,086 shares of the company’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $8.01, for a total transaction of $128,848.86. Following the transaction, the insider owned 759,811 shares in the company, valued at approximately $6,086,086.11. The trade was a 2.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Price Performance

Shares of TG stock opened at $7.72 on Friday. The firm has a 50-day moving average of $7.93 and a 200-day moving average of $8.12. The company has a market cap of $269.18 million, a P/E ratio of -4.08 and a beta of 0.78. Tredegar Corporation has a one year low of $6.45 and a one year high of $9.43.

Tredegar (NYSE:TG) last announced its earnings results on Friday, August 8th. The basic materials company reported $0.05 EPS for the quarter. The company had revenue of $180.50 million during the quarter. Tredegar had a negative net margin of 9.51% and a positive return on equity of 4.17%.

Institutional Trading of Tredegar

A number of large investors have recently added to or reduced their stakes in TG. Tower Research Capital LLC TRC increased its holdings in Tredegar by 225.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock worth $61,000 after buying an additional 4,771 shares during the last quarter. GAMMA Investing LLC increased its holdings in Tredegar by 1,131.8% during the first quarter. GAMMA Investing LLC now owns 10,495 shares of the basic materials company’s stock worth $81,000 after buying an additional 9,643 shares during the last quarter. MetLife Investment Management LLC increased its holdings in Tredegar by 25.9% during the first quarter. MetLife Investment Management LLC now owns 15,268 shares of the basic materials company’s stock worth $118,000 after buying an additional 3,145 shares during the last quarter. Osaic Holdings Inc. increased its holdings in Tredegar by 130.0% during the second quarter. Osaic Holdings Inc. now owns 13,988 shares of the basic materials company’s stock worth $123,000 after buying an additional 7,907 shares during the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new stake in Tredegar during the first quarter worth about $131,000. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tredegar in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Tredegar Company Profile

Tredegar Corporation manufactures and sells aluminum extrusions, polyethylene (PE) films, and plastic and polyester films in the United States and internationally. It operates through three segments: Aluminum Extrusions, PE Films, and Flexible Packaging Films. The Aluminum Extrusions segment produces soft and medium strength alloyed aluminum extrusions, custom fabricated and finished aluminum extrusions for the building and construction, automotive and transportation, consumer durables, machinery and equipment, electrical and renewable energy, and distribution markets; and manufactures mill, anodized, and painted and alloyed aluminum extrusions to fabricators and distributors.