Tredegar (NYSE:TG) Major Shareholder Sells $258,804.12 in Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 28,788 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $8.99, for a total value of $258,804.12. Following the sale, the insider owned 541,445 shares in the company, valued at $4,867,590.55. The trade was a 5.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Stock Up 0.2%

Shares of Tredegar stock traded up $0.02 during midday trading on Thursday, hitting $9.04. The company had a trading volume of 147,037 shares, compared to its average volume of 165,446. The company has a fifty day simple moving average of $8.23 and a 200 day simple moving average of $7.87. The stock has a market cap of $315.59 million, a price-to-earnings ratio of -5.72 and a beta of 0.65. Tredegar Corporation has a 12-month low of $6.25 and a 12-month high of $9.43.

Analyst Upgrades and Downgrades

TG has been the subject of several research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tredegar in a research note on Wednesday, January 21st. Wall Street Zen raised Tredegar from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 15th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its position in Tredegar by 531.0% during the third quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 2,841 shares during the period. Torren Management LLC purchased a new position in shares of Tredegar during the 4th quarter valued at about $32,000. BNP Paribas Financial Markets lifted its holdings 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 buying an additional 1,830 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Tredegar by 225.3% in the second 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 during the last quarter. Finally, Heron Bay Capital Management purchased a new stake in shares of Tredegar in the fourth quarter worth about $76,000. Hedge funds and other institutional investors own 79.24% of the company’s stock.

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.