Tredegar (NYSE:TG) Major Shareholder Sells $33,619.84 in Stock

Tredegar Corporation (NYSE:TG) major shareholder James Gottwald sold 4,192 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $8.02, for a total transaction of $33,619.84. Following the completion of the transaction, the insider directly owned 457,639 shares in the company, valued at approximately $3,670,264.78. The trade was a 0.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Stock Performance

Shares of TG stock opened at $7.77 on Thursday. Tredegar Corporation has a 52-week low of $6.25 and a 52-week high of $10.53. The stock has a market cap of $271.93 million, a PE ratio of 9.24 and a beta of 0.74. The firm’s 50 day moving average price is $8.49 and its two-hundred day moving average price is $8.27.

Tredegar (NYSE:TG) last announced its quarterly earnings data on Friday, May 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter. Tredegar had a net margin of 3.89% and a return on equity of 12.91%. The firm had revenue of $186.49 million for the quarter.

Hedge Funds Weigh In On Tredegar

Hedge funds and other institutional investors have recently made changes to their positions in the company. Teton Advisors LLC bought a new position in shares of Tredegar during the third quarter worth $972,000. Gabelli Funds LLC raised its holdings in shares of Tredegar by 6.9% during the third quarter. Gabelli Funds LLC now owns 1,168,548 shares of the basic materials company’s stock worth $9,383,000 after acquiring an additional 74,933 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of Tredegar by 1.7% during the third quarter. Gamco Investors INC. ET AL now owns 5,990,851 shares of the basic materials company’s stock worth $48,107,000 after acquiring an additional 97,444 shares during the period. Hillsdale Investment Management Inc. raised its holdings in shares of Tredegar by 19.3% during the first quarter. Hillsdale Investment Management Inc. now owns 43,200 shares of the basic materials company’s stock worth $343,000 after acquiring an additional 7,000 shares during the period. Finally, Bailard Inc. raised its holdings in shares of Tredegar by 7.0% during the fourth quarter. Bailard Inc. now owns 36,956 shares of the basic materials company’s stock worth $265,000 after acquiring an additional 2,425 shares during the period. 79.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Tredegar from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Tredegar Company Profile

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.