CastleKnight Management LP Purchases 124,079 Shares of Tredegar Co. (NYSE:TG)

CastleKnight Management LP increased its position in Tredegar Co. (NYSE:TG - Free Report) by 137.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 214,300 shares of the basic materials company's stock after purchasing an additional 124,079 shares during the period. CastleKnight Management LP owned 0.62% of Tredegar worth $1,646,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in shares of Tredegar by 691.9% in the 4th quarter. Bank of America Corp DE now owns 2,893,980 shares of the basic materials company's stock worth $22,226,000 after acquiring an additional 2,528,530 shares in the last quarter. Northern Trust Corp boosted its position in shares of Tredegar by 3.8% in the 4th quarter. Northern Trust Corp now owns 233,068 shares of the basic materials company's stock worth $1,790,000 after purchasing an additional 8,459 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new position in Tredegar during the 4th quarter valued at approximately $80,000. Dimensional Fund Advisors LP raised its stake in Tredegar by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,109,365 shares of the basic materials company's stock valued at $8,520,000 after buying an additional 3,403 shares during the last quarter. Finally, Teton Advisors Inc. boosted its holdings in Tredegar by 10.3% in the fourth quarter. Teton Advisors Inc. now owns 121,000 shares of the basic materials company's stock worth $929,000 after acquiring an additional 11,300 shares in the last quarter. Institutional investors own 79.24% of the company's stock.

Tredegar Stock Down 1.3 %

TG opened at $8.05 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.79 and a debt-to-equity ratio of 0.13. Tredegar Co. has a twelve month low of $4.31 and a twelve month high of $9.22. The stock has a market capitalization of $278.83 million, a price-to-earnings ratio of -10.18 and a beta of 0.78. The firm has a 50 day moving average price of $7.40 and a 200-day moving average price of $7.63.

Tredegar (NYSE:TG - Get Free Report) last issued its quarterly earnings results on Wednesday, March 12th. The basic materials company reported $0.06 earnings per share for the quarter. The business 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%.

Wall Street Analyst Weigh In

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

Tredegar 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.

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