Tredegar (NYSE:TG) Major Shareholder Sells 22,219 Shares

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 22,219 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $9.02, for a total transaction of $200,415.38. Following the sale, the insider owned 599,364 shares of the company’s stock, valued at approximately $5,406,263.28. This represents a 3.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Performance

TG traded up $0.08 during trading on Thursday, reaching $9.12. The company’s stock had a trading volume of 75,099 shares, compared to its average volume of 172,850. The company has a market capitalization of $318.38 million, a price-to-earnings ratio of -5.76 and a beta of 0.65. Tredegar Corporation has a 52-week low of $6.25 and a 52-week high of $9.43. The company’s fifty day moving average price is $7.99 and its 200-day moving average price is $7.85.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Tredegar from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tredegar in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Trading of Tredegar

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL lifted its holdings in shares of Tredegar by 5.2% in the 4th quarter. Gamco Investors INC. ET AL now owns 6,302,684 shares of the basic materials company’s stock worth $45,253,000 after acquiring an additional 311,833 shares during the last quarter. Gate City Capital Management LLC increased its holdings in Tredegar by 113.5% in the 2nd quarter. Gate City Capital Management LLC now owns 260,088 shares of the basic materials company’s stock worth $2,289,000 after acquiring an additional 138,278 shares in the last quarter. Teton Advisors LLC purchased a new stake in Tredegar in the 3rd quarter worth $972,000. Vanguard Group Inc. raised its position in Tredegar by 8.4% during the third quarter. Vanguard Group Inc. now owns 1,512,840 shares of the basic materials company’s stock valued at $12,148,000 after purchasing an additional 117,298 shares during the period. Finally, Moneta Group Investment Advisors LLC raised its holdings in shares of Tredegar by 390.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 129,869 shares of the basic materials company’s stock worth $932,000 after buying an additional 103,408 shares during the period. 79.24% of the stock is currently owned by institutional investors.

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.