Insider Selling: Tredegar (NYSE:TG) Major Shareholder Sells $107,942.93 in Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 12,007 shares of Tredegar stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $8.99, for a total transaction of $107,942.93. Following the completion of the sale, the insider directly owned 529,438 shares in the company, valued at approximately $4,759,647.62. The trade was a 2.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Stock Up 0.5%

NYSE TG opened at $9.35 on Thursday. The stock has a market capitalization of $326.41 million, a P/E ratio of -5.92 and a beta of 0.63. Tredegar Corporation has a 52-week low of $6.25 and a 52-week high of $9.66. The firm has a 50-day moving average price of $8.41 and a 200 day moving average price of $7.94.

Wall Street Analyst Weigh In

Several analysts have recently commented on TG shares. Wall Street Zen raised Tredegar from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tredegar in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tredegar has a consensus rating of “Sell”.

Hedge Funds Weigh In On Tredegar

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TG. Russell Investments Group Ltd. lifted its holdings in shares of Tredegar by 531.0% in 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 in the last quarter. Torren Management LLC acquired a new position in shares of Tredegar during the 4th quarter worth approximately $32,000. BNP Paribas Financial Markets lifted its stake in 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 in the last quarter. Tower Research Capital LLC TRC lifted its stake in 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 valued at $61,000 after buying an additional 4,771 shares in the last quarter. Finally, Heron Bay Capital Management acquired a new stake in Tredegar during the 4th quarter valued at $76,000. Institutional investors and hedge funds own 79.24% of the company’s stock.

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.