Tredegar (NYSE:TG) Major Shareholder Sells 2,388 Shares

Tredegar Corporation (NYSE:TG) major shareholder James Gottwald sold 2,388 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $8.50, for a total value of $20,298.00. Following the transaction, the insider owned 754,973 shares of the company’s stock, valued at approximately $6,417,270.50. This trade represents a 0.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Stock Performance

Shares of TG traded up $0.07 during mid-day trading on Friday, reaching $8.50. The stock had a trading volume of 106,786 shares, compared to its average volume of 95,668. The firm has a market cap of $296.74 million, a price-to-earnings ratio of -4.50 and a beta of 0.78. Tredegar Corporation has a 12 month low of $6.25 and a 12 month high of $9.43. The business has a fifty day moving average of $7.63 and a 200 day moving average of $8.13.

Tredegar (NYSE:TG) last issued its earnings results on Friday, November 7th. The basic materials company reported $0.26 earnings per share for the quarter. Tredegar had a negative net margin of 9.51% and a positive return on equity of 4.17%. The company had revenue of $194.94 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TG. Nuveen LLC bought a new position in Tredegar in the 1st quarter worth about $1,854,000. Gamco Investors INC. ET AL increased its stake in shares of Tredegar by 2.9% during the first quarter. Gamco Investors INC. ET AL now owns 5,785,780 shares of the basic materials company’s stock valued at $44,551,000 after buying an additional 161,971 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Tredegar by 190.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 217,954 shares of the basic materials company’s stock valued at $1,678,000 after purchasing an additional 142,822 shares in the last quarter. Gate City Capital Management LLC boosted its position in 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 acquiring an additional 138,278 shares in the last quarter. Finally, Teton Advisors LLC bought a new position in Tredegar in the third quarter worth about $972,000. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tredegar in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Tredegar has an average rating of “Sell”.

Tredegar Company Profile

Tredegar Corporation manufactures and sells aluminum extrusions, polyethylene (PE) films, and plastic and polyester films in the United States and internationally. It operates through three segments: Aluminum Extrusions, PE Films, and Flexible Packaging Films. The Aluminum Extrusions segment produces soft and medium strength alloyed aluminum extrusions, custom fabricated and finished aluminum extrusions for the building and construction, automotive and transportation, consumer durables, machinery and equipment, electrical and renewable energy, and distribution markets; and manufactures mill, anodized, and painted and alloyed aluminum extrusions to fabricators and distributors.