William Gottwald Sells 8,250 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 8,250 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $8.83, for a total value of $72,847.50. Following the sale, the insider owned 570,233 shares in the company, valued at $5,035,157.39. The trade was a 1.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Stock Up 0.2%

Tredegar stock traded up $0.02 during midday trading on Thursday, reaching $9.04. The stock had a trading volume of 147,037 shares, compared to its average volume of 165,446. The firm 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 52-week low of $6.25 and a 52-week high of $9.43. The company has a fifty day moving average of $8.23 and a 200 day moving average of $7.87.

Institutional Trading of Tredegar

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in shares of Tredegar by 31.4% during the 1st quarter. AQR Capital Management LLC now owns 17,158 shares of the basic materials company’s stock worth $132,000 after purchasing an additional 4,097 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Tredegar during the first quarter valued at approximately $144,000. Geode Capital Management LLC raised its holdings in shares of Tredegar by 0.3% during 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 acquiring an additional 1,506 shares during the last quarter. Bailard Inc. purchased a new position in shares of Tredegar in the second quarter valued at approximately $272,000. Finally, Rhumbline Advisers boosted its stake in shares of Tredegar by 4.8% in the second quarter. Rhumbline Advisers now owns 44,096 shares of the basic materials company’s stock worth $388,000 after acquiring an additional 2,021 shares during the last quarter. Institutional investors and hedge funds own 79.24% of the company’s stock.

Analyst Ratings Changes

TG has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tredegar in a research report on Wednesday, January 21st. Wall Street Zen upgraded Tredegar from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 15th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

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.