Tredegar (NYSE:TG) Major Shareholder Sells $472,131.60 in Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 54,268 shares of the business’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $8.70, for a total value of $472,131.60. Following the sale, the insider owned 665,816 shares in the company, valued at approximately $5,792,599.20. The trade was a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Price Performance

Tredegar stock traded up $0.17 during trading hours on Monday, hitting $8.73. The stock had a trading volume of 16,883 shares, 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 market capitalization of $304.59 million, a price-to-earnings ratio of -5.52 and a beta of 0.67. The stock’s fifty day moving average is $7.74 and its two-hundred day moving average is $7.84.

Tredegar (NYSE:TG) last issued its quarterly earnings data on Friday, November 7th. The basic materials company reported $0.26 EPS for the quarter. The firm had revenue of $194.94 million for the quarter. Tredegar had a negative net margin of 7.75% and a positive return on equity of 8.64%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TG. AQR Capital Management LLC lifted its stake in shares of Tredegar by 31.4% during the 1st quarter. AQR Capital Management LLC now owns 17,158 shares of the basic materials company’s stock worth $132,000 after purchasing an additional 4,097 shares during the period. Jane Street Group LLC acquired a new position in Tredegar in the first quarter valued at $144,000. Janney Montgomery Scott LLC acquired a new position in Tredegar in the second quarter valued at $413,000. Ritholtz Wealth Management boosted its stake in Tredegar by 112.9% in the 2nd quarter. Ritholtz Wealth Management now owns 83,411 shares of the basic materials company’s stock worth $734,000 after buying an additional 44,224 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Tredegar by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 589,275 shares of the basic materials company’s stock valued at $5,187,000 after acquiring an additional 1,506 shares during the last quarter. 79.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on TG shares. Weiss Ratings reiterated 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 note on Saturday, November 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock 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.