Tredegar (NYSE:TG) Major Shareholder John Gottwald Sells 4,814 Shares

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 4,814 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $9.02, for a total transaction of $43,422.28. Following the sale, the insider owned 524,624 shares of the company’s stock, valued at $4,732,108.48. This trade represents a 0.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Stock Performance

TG traded up $0.38 during midday trading on Monday, reaching $9.56. The company had a trading volume of 173,848 shares, compared to its average volume of 165,489. Tredegar Corporation has a 12-month low of $6.25 and a 12-month high of $9.60. The business has a 50-day moving average price of $8.29 and a two-hundred day moving average price of $7.90. The stock has a market cap of $333.78 million, a PE ratio of -6.05 and a beta of 0.65.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TG. Gamco Investors INC. ET AL increased its holdings in shares of Tredegar by 5.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 6,302,684 shares of the basic materials company’s stock worth $45,253,000 after purchasing an additional 311,833 shares during the period. Marshall Wace LLP purchased a new position in Tredegar during the fourth quarter worth about $1,427,000. Millennium Management LLC increased its stake in Tredegar by 716.3% in the 4th quarter. Millennium Management LLC now owns 195,704 shares of the basic materials company’s stock worth $1,405,000 after acquiring an additional 171,729 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Tredegar by 34.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 598,785 shares of the basic materials company’s stock valued at $4,299,000 after acquiring an additional 154,735 shares in the last quarter. Finally, Gate City Capital Management LLC boosted its position in shares of Tredegar by 113.5% during the 2nd quarter. Gate City Capital Management LLC now owns 260,088 shares of the basic materials company’s stock valued at $2,289,000 after acquiring an additional 138,278 shares during the last quarter. 79.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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