Arrowstreet Capital Limited Partnership Grows Stock Holdings in Tredegar Co. (NYSE:TG)

Arrowstreet Capital Limited Partnership grew its stake in Tredegar Co. (NYSE:TG - Free Report) by 608.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 151,269 shares of the basic materials company's stock after acquiring an additional 129,909 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.44% of Tredegar worth $1,162,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FMR LLC grew its position in Tredegar by 161.5% during the 3rd quarter. FMR LLC now owns 9,445 shares of the basic materials company's stock worth $69,000 after purchasing an additional 5,833 shares during the last quarter. D Orazio & Associates Inc. purchased a new position in Tredegar in the 4th quarter worth $84,000. The Manufacturers Life Insurance Company purchased a new stake in Tredegar during the 3rd quarter valued at about $85,000. SG Americas Securities LLC increased its holdings in shares of Tredegar by 30.9% in the fourth quarter. SG Americas Securities LLC now owns 13,335 shares of the basic materials company's stock valued at $102,000 after purchasing an additional 3,144 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Tredegar by 216.0% during the third quarter. BNP Paribas Financial Markets now owns 29,443 shares of the basic materials company's stock worth $215,000 after purchasing an additional 20,125 shares during the period. 79.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Tredegar from a "hold" rating to a "buy" rating in a report on Monday, March 24th.

Tredegar Price Performance

TG stock remained flat at $7.19 during trading on Thursday. The company had a trading volume of 19,806 shares, compared to its average volume of 103,236. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 0.13. Tredegar Co. has a 52 week low of $4.31 and a 52 week high of $9.22. The stock's 50-day moving average is $7.51 and its 200-day moving average is $7.61. The firm has a market capitalization of $249.20 million, a P/E ratio of -9.10 and a beta of 0.75.

Tredegar (NYSE:TG - Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The basic materials company reported $0.06 EPS for the quarter. The company had revenue of $154.05 million for the quarter. Tredegar had a negative net margin of 3.84% and a positive return on equity of 10.10%.

Tredegar Company Profile

Tredegar Corporation manufactures and sells aluminum extrusions, polyethylene (PE) films, and plastic and polyester films in the United States and internationally. It operates through three segments: Aluminum Extrusions, PE Films, and Flexible Packaging Films. The Aluminum Extrusions segment produces soft and medium strength alloyed aluminum extrusions, custom fabricated and finished aluminum extrusions for the building and construction, automotive and transportation, consumer durables, machinery and equipment, electrical and renewable energy, and distribution markets; and manufactures mill, anodized, and painted and alloyed aluminum extrusions to fabricators and distributors.