John Gottwald Sells 3,418 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 3,418 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $8.87, for a total value of $30,317.66. Following the sale, the insider directly owned 583,968 shares of the company’s stock, valued at $5,179,796.16. The trade was a 0.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Stock Up 0.6%

Shares of NYSE TG opened at $8.81 on Friday. Tredegar Corporation has a 12 month low of $6.25 and a 12 month high of $9.43. The company has a market cap of $307.39 million, a P/E ratio of -5.57 and a beta of 0.65. The business’s 50 day moving average is $8.15 and its two-hundred day moving average is $7.86.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TG. Wall Street Zen upgraded shares of Tredegar from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Tredegar in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Tredegar has a consensus rating of “Sell”.

Institutional Trading of Tredegar

Several institutional investors have recently made changes to their positions in TG. Russell Investments Group Ltd. raised its position in Tredegar by 531.0% in the third quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 2,841 shares in the last quarter. Torren Management LLC bought a new stake in shares of Tredegar in the 4th quarter valued at approximately $32,000. BNP Paribas Financial Markets grew its stake in shares of Tredegar by 53.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 1,830 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Tredegar by 225.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock worth $61,000 after buying an additional 4,771 shares in the last quarter. Finally, Heron Bay Capital Management bought a new position in shares of Tredegar during the 4th quarter worth approximately $76,000. 79.24% of the stock is currently owned by institutional investors and hedge funds.

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.