Tredegar (NYSE:TG) Major Shareholder John Gottwald Sells 19,408 Shares

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 19,408 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $9.13, for a total value of $177,195.04. Following the completion of the transaction, the insider owned 621,584 shares of the company’s stock, valued at $5,675,061.92. The trade was a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Price Performance

NYSE:TG traded up $0.08 during mid-day trading on Thursday, reaching $9.12. The company’s stock had a trading volume of 75,099 shares, compared to its average volume of 172,850. The stock has a market cap of $318.38 million, a P/E ratio of -5.77 and a beta of 0.65. The company’s fifty day simple moving average is $7.99 and its two-hundred day simple moving average is $7.85. Tredegar Corporation has a twelve month low of $6.25 and a twelve month high of $9.43.

Analyst Ratings Changes

TG has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tredegar in a research note on Wednesday, January 21st. Wall Street Zen raised shares of 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, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Gamco Investors INC. ET AL grew its stake in Tredegar by 5.2% during the 4th quarter. Gamco Investors INC. ET AL now owns 6,302,684 shares of the basic materials company’s stock valued at $45,253,000 after purchasing an additional 311,833 shares in the last quarter. Gate City Capital Management LLC boosted its stake in shares of Tredegar by 113.5% during the 2nd quarter. Gate City Capital Management LLC now owns 260,088 shares of the basic materials company’s stock valued at $2,289,000 after buying an additional 138,278 shares during the last quarter. Teton Advisors LLC acquired a new stake in shares of Tredegar during the third quarter worth approximately $972,000. Vanguard Group Inc. grew its position in shares of Tredegar by 8.4% during the third quarter. Vanguard Group Inc. now owns 1,512,840 shares of the basic materials company’s stock worth $12,148,000 after buying an additional 117,298 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC increased its stake in shares of Tredegar by 390.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 129,869 shares of the basic materials company’s stock worth $932,000 after buying an additional 103,408 shares during the last quarter. Institutional investors and hedge funds own 79.24% of the company’s stock.

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.