Tredegar Corporation (NYSE:TG) was upgraded by research analysts at TheStreet from a “c+” rating to a “b-” rating in a research report issued to clients and investors on Friday.

Separately, BidaskClub raised shares of Tredegar Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th.

Tredegar Corporation (NYSE TG) opened at 16.40 on Friday. The stock has a market capitalization of $540.54 million, a PE ratio of 8.76 and a beta of 1.77. The company’s 50-day moving average is $15.95 and its 200 day moving average is $16.96. Tredegar Corporation has a 12-month low of $14.65 and a 12-month high of $25.60.

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Large investors have recently modified their holdings of the company. Teton Advisors Inc. raised its stake in shares of Tredegar Corporation by 32.8% in the second quarter. Teton Advisors Inc. now owns 507,600 shares of the basic materials company’s stock worth $7,741,000 after buying an additional 125,340 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Tredegar Corporation by 6.3% in the second quarter. Gamco Investors INC. ET AL now owns 4,851,213 shares of the basic materials company’s stock worth $73,981,000 after buying an additional 286,897 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Tredegar Corporation by 13.4% in the second quarter. Teachers Advisors LLC now owns 47,266 shares of the basic materials company’s stock worth $721,000 after buying an additional 5,584 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Tredegar Corporation by 292.8% in the second quarter. JPMorgan Chase & Co. now owns 64,683 shares of the basic materials company’s stock worth $986,000 after buying an additional 48,216 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Tredegar Corporation by 15.1% in the second quarter. Swiss National Bank now owns 41,200 shares of the basic materials company’s stock worth $628,000 after buying an additional 5,400 shares in the last quarter. 62.67% of the stock is currently owned by hedge funds and other institutional investors.

About Tredegar Corporation

Tredegar Corporation is engaged in the manufacture of polyethylene plastic films, polyester films and aluminum extrusions. The Company’s segments are PE Films, Flexible Packaging Films and Aluminum Extrusions. The PE Films segment manufactures plastic films, elastics and laminate materials utilized in personal care materials, surface protection films and specialty and optical lighting applications.

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