Tredegar (NYSE:TG) Major Shareholder James Gottwald Sells 11,112 Shares

Tredegar Corporation (NYSE:TG) major shareholder James Gottwald sold 11,112 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $9.05, for a total transaction of $100,563.60. Following the completion of the sale, the insider directly owned 588,253 shares of the company’s stock, valued at approximately $5,323,689.65. The trade was a 1.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Price Performance

Tredegar stock traded down $0.09 during midday trading on Tuesday, hitting $8.60. The company’s stock had a trading volume of 36,679 shares, compared to its average volume of 168,843. Tredegar Corporation has a 1-year low of $6.25 and a 1-year high of $9.43. The company has a 50-day moving average price of $8.06 and a two-hundred day moving average price of $7.84. The company has a market cap of $300.37 million, a price-to-earnings ratio of -5.45 and a beta of 0.65.

Hedge Funds Weigh In On Tredegar

Large investors have recently bought and sold shares of the company. AQR Capital Management LLC boosted its position in 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 buying an additional 4,097 shares during the period. Jane Street Group LLC bought a new stake in shares of Tredegar in the 1st quarter valued at about $144,000. Geode Capital Management LLC increased its stake in shares of 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 period. Bailard Inc. bought a new position in shares of Tredegar during the second quarter worth about $272,000. Finally, Rhumbline Advisers lifted its stake in shares of Tredegar by 4.8% in the second 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 during the period. 79.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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