John Gottwald Sells 19,408 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 19,408 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $9.13, for a total transaction of $177,195.04. Following the completion of the transaction, the insider directly owned 621,584 shares of the company’s stock, valued at approximately $5,675,061.92. This trade represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Price Performance

Shares of NYSE:TG opened at $8.70 on Friday. The firm has a market capitalization of $303.72 million, a price-to-earnings ratio of -5.51 and a beta of 0.65. The business’s 50 day simple moving average is $8.04 and its 200-day simple moving average is $7.85. Tredegar Corporation has a 12 month low of $6.25 and a 12 month high of $9.43.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TG. Wall Street Zen upgraded Tredegar from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Tredegar in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Trading of Tredegar

Institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its stake in shares of Tredegar by 31.4% during the first quarter. AQR Capital Management LLC now owns 17,158 shares of the basic materials company’s stock valued at $132,000 after acquiring an additional 4,097 shares during the last quarter. Jane Street Group LLC purchased a new position in Tredegar in the 1st quarter valued at about $144,000. Janney Montgomery Scott LLC acquired a new stake in shares of Tredegar during the 2nd quarter worth about $413,000. Ritholtz Wealth Management grew its holdings in shares of Tredegar by 112.9% during the second quarter. Ritholtz Wealth Management now owns 83,411 shares of the basic materials company’s stock worth $734,000 after buying an additional 44,224 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Tredegar by 0.3% in the second quarter. Geode Capital Management LLC now owns 589,275 shares of the basic materials company’s stock valued at $5,187,000 after buying an additional 1,506 shares during the last quarter. 79.24% of the stock is currently owned by hedge funds and other institutional investors.

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.