Choreo LLC Acquires Shares of 31,352 Tredegar Corporation (NYSE:TG)

Choreo LLC purchased a new stake in shares of Tredegar Corporation (NYSE:TG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 31,352 shares of the basic materials company's stock, valued at approximately $241,000. Choreo LLC owned approximately 0.09% of Tredegar as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new position in Tredegar during the 1st quarter worth approximately $46,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Tredegar during the fourth quarter valued at approximately $78,000. Price T Rowe Associates Inc. MD bought a new position in shares of Tredegar in the fourth quarter worth approximately $80,000. GAMMA Investing LLC grew its holdings in shares of Tredegar by 1,131.8% in 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 last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Tredegar by 25.2% in the fourth quarter. Wells Fargo & Company MN now owns 15,935 shares of the basic materials company's stock worth $122,000 after buying an additional 3,204 shares during the period. Institutional investors own 79.24% of the company's stock.

Analysts Set New Price Targets

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

Tredegar Stock Performance

Shares of NYSE TG traded down $0.32 during trading hours on Friday, hitting $8.39. The company's stock had a trading volume of 124,504 shares, compared to its average volume of 65,093. Tredegar Corporation has a 12 month low of $4.87 and a 12 month high of $9.43. The stock has a market cap of $292.98 million, a price-to-earnings ratio of -4.99 and a beta of 0.83. The business has a 50-day simple moving average of $8.78 and a 200-day simple moving average of $8.08.

Tredegar (NYSE:TG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The basic materials company reported $0.10 earnings per share for the quarter. Tredegar had a positive return on equity of 9.28% and a negative net margin of 8.35%. The business had revenue of $164.73 million during the quarter.

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.