New York State Common Retirement Fund trimmed its position in Tredegar Corporation (NYSE:TG) by 0.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,609 shares of the company’s stock after selling 1 shares during the period. New York State Common Retirement Fund owned 0.10% of Tredegar Corporation worth $497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TG. BNP Paribas Arbitrage SA increased its position in shares of Tredegar Corporation by 56.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,141 shares of the company’s stock valued at $139,000 after acquiring an additional 3,286 shares during the period. Municipal Employees Retirement System of Michigan increased its position in shares of Tredegar Corporation by 85.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,720 shares of the company’s stock valued at $164,000 after acquiring an additional 4,950 shares during the period. Arizona State Retirement System increased its position in shares of Tredegar Corporation by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 13,284 shares of the company’s stock valued at $203,000 after acquiring an additional 100 shares during the period. Thrivent Financial For Lutherans increased its position in shares of Tredegar Corporation by 6.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 15,430 shares of the company’s stock valued at $235,000 after acquiring an additional 1,000 shares during the period. Finally, Texas Permanent School Fund increased its position in shares of Tredegar Corporation by 1.1% in the 2nd quarter. Texas Permanent School Fund now owns 18,570 shares of the company’s stock valued at $283,000 after acquiring an additional 193 shares during the period. 62.55% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the company. BidaskClub raised Tredegar Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. TheStreet raised Tredegar Corporation from a “c+” rating to a “b-” rating in a research report on Friday, August 25th.

In other Tredegar Corporation news, major shareholder Gamco Investors, Inc. Et Al sold 1,500 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of C$18.25, for a total transaction of C$27,375.00. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have acquired a total of 38,000 shares of company stock worth $5,700 over the last ninety days. 12.59% of the stock is owned by insiders.

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Shares of Tredegar Corporation (TG) opened at C$18.55 on Monday. The firm has a market capitalization of $612.65, a PE ratio of 22.90 and a beta of 1.74. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.88. Tredegar Corporation has a 12-month low of C$14.65 and a 12-month high of C$25.60.

Tredegar Corporation (NYSE:TG) last announced its quarterly earnings results on Tuesday, October 31st. The company reported C$0.28 earnings per share for the quarter. The company had revenue of C$247.16 million for the quarter. Tredegar Corporation had a return on equity of 7.96% and a net margin of 6.06%.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 15th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, December 14th. Tredegar Corporation’s dividend payout ratio is currently 25.14%.

Tredegar Corporation Company Profile

Tredegar Corporation is engaged in the manufacture of polyethylene plastic films, polyester films and aluminum extrusions. The Company’s segments are PE Films, Flexible Packaging Films and Aluminum Extrusions. The PE Films segment manufactures plastic films, elastics and laminate materials utilized in personal care materials, surface protection films and specialty and optical lighting applications.

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Institutional Ownership by Quarter for Tredegar Corporation (NYSE:TG)

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