Bank of America Corp DE Raises Holdings in Tredegar Co. (NYSE:TG)

Bank of America Corp DE boosted its holdings in Tredegar Co. (NYSE:TG - Free Report) by 691.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,893,980 shares of the basic materials company's stock after buying an additional 2,528,530 shares during the period. Bank of America Corp DE owned approximately 8.42% of Tredegar worth $22,226,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Northern Trust Corp boosted its holdings in shares of Tredegar by 3.8% during the 4th quarter. Northern Trust Corp now owns 233,068 shares of the basic materials company's stock worth $1,790,000 after buying an additional 8,459 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in Tredegar during the 4th quarter worth approximately $80,000. Dimensional Fund Advisors LP boosted its stake in shares of Tredegar by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,109,365 shares of the basic materials company's stock valued at $8,520,000 after purchasing an additional 3,403 shares during the last quarter. Teton Advisors Inc. boosted its stake in shares of Tredegar by 10.3% in the 4th quarter. Teton Advisors Inc. now owns 121,000 shares of the basic materials company's stock valued at $929,000 after purchasing an additional 11,300 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in shares of Tredegar by 10.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 5,623,809 shares of the basic materials company's stock valued at $43,191,000 after acquiring an additional 513,415 shares during the period. 79.24% of the stock is currently owned by institutional investors and hedge funds.

Tredegar Stock Performance

NYSE:TG traded up $0.02 on Friday, reaching $8.21. 49,938 shares of the company's stock were exchanged, compared to its average volume of 99,557. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.79 and a quick ratio of 0.42. The firm has a market cap of $286.81 million, a price-to-earnings ratio of -10.40 and a beta of 0.78. Tredegar Co. has a 52 week low of $4.31 and a 52 week high of $9.22. The stock has a fifty day simple moving average of $7.70 and a 200-day simple moving average of $7.66.

Tredegar (NYSE:TG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The basic materials company reported $0.10 EPS for the quarter. The company had revenue of $164.73 million during 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, Wall Street Zen downgraded shares of Tredegar from a "buy" rating to a "hold" rating in a report on Friday, May 9th.

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.