Charles Schwab Investment Management Inc. Has $1.68 Million Position in Tredegar Corporation $TG

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Tredegar Corporation by 190.1%, acquiring an additional 142,822 shares to own a total of 217,954 shares, valued at approximately $1.68 million.
• Other institutional investors, including Wells Fargo and Barclays, also raised their positions in Tredegar, reflecting growing interest from hedge funds, which collectively own 79.24% of the company's stock.
• Tredegar's stock recently opened at $7.84, with a market capitalization of $273.54 million, and the company reported a revenue of $180.5 million for the last quarter.

Charles Schwab Investment Management Inc. lifted its holdings in Tredegar Corporation (NYSE:TG - Free Report) by 190.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 217,954 shares of the basic materials company's stock after acquiring an additional 142,822 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.63% of Tredegar worth $1,678,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Central Pacific Bank Trust Division acquired a new position in shares of Tredegar in the first quarter valued at about $46,000. Occudo Quantitative Strategies LP acquired a new position in shares of Tredegar in the fourth quarter valued at about $78,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Tredegar in the fourth quarter valued at about $80,000. GAMMA Investing LLC lifted its position in Tredegar by 1,131.8% during the first quarter. GAMMA Investing LLC now owns 10,495 shares of the basic materials company's stock worth $81,000 after purchasing an additional 9,643 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Tredegar by 25.2% during the fourth quarter. Wells Fargo & Company MN now owns 15,935 shares of the basic materials company's stock worth $122,000 after purchasing an additional 3,204 shares during the period. 79.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Tredegar from a "buy" rating to a "hold" rating in a research report on Friday, May 9th.

Tredegar Price Performance

TG traded up $0.12 on Friday, hitting $7.84. 64,961 shares of the stock were exchanged, compared to its average volume of 83,006. Tredegar Corporation has a 12 month low of $5.86 and a 12 month high of $9.43. The business has a 50-day moving average of $8.35 and a two-hundred day moving average of $8.05. The firm has a market capitalization of $273.54 million, a price-to-earnings ratio of -4.15 and a beta of 0.82.

Tredegar (NYSE:TG - Get Free Report) last posted its earnings results on Friday, August 8th. The basic materials company reported $0.05 EPS for the quarter. The firm had revenue of $180.50 million during the quarter. Tredegar had a negative net margin of 9.51% and a positive return on equity of 4.17%.

Insider Transactions at Tredegar

In other news, major shareholder John D. Gottwald sold 9,118 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $8.68, for a total value of $79,144.24. Following the completion of the transaction, the insider owned 789,097 shares of the company's stock, valued at approximately $6,849,361.96. This represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder William M. Gottwald sold 7,051 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $8.43, for a total transaction of $59,439.93. Following the completion of the transaction, the insider directly owned 781,508 shares of the company's stock, valued at $6,588,112.44. This trade represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,298 shares of company stock valued at $207,169 in the last three months. Company insiders own 5.95% of the company's stock.

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.