D. E. Shaw & Co. Inc. Sells 36,399 Shares of Tredegar Co. (NYSE:TG)

D. E. Shaw & Co. Inc. reduced its position in shares of Tredegar Co. (NYSE:TG - Free Report) by 15.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 192,200 shares of the basic materials company's stock after selling 36,399 shares during the period. D. E. Shaw & Co. Inc. owned 0.56% of Tredegar worth $1,476,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CastleKnight Management LP increased its position in Tredegar by 137.5% during the 4th quarter. CastleKnight Management LP now owns 214,300 shares of the basic materials company's stock valued at $1,646,000 after purchasing an additional 124,079 shares during the period. Bank of America Corp DE increased its position in shares of Tredegar by 691.9% during the fourth quarter. Bank of America Corp DE now owns 2,893,980 shares of the basic materials company's stock valued at $22,226,000 after buying an additional 2,528,530 shares during the period. Northern Trust Corp increased its position in shares of Tredegar by 3.8% during the fourth quarter. Northern Trust Corp now owns 233,068 shares of the basic materials company's stock valued at $1,790,000 after buying an additional 8,459 shares during the period. Price T Rowe Associates Inc. MD bought a new position in Tredegar in the fourth quarter worth about $80,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Tredegar by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,109,365 shares of the basic materials company's stock worth $8,520,000 after buying an additional 3,403 shares during the period. 79.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Tredegar Stock Down 1.5%

TG traded down $0.13 during trading on Wednesday, reaching $8.29. The stock had a trading volume of 5,931 shares, compared to its average volume of 98,964. Tredegar Co. has a one year low of $4.31 and a one year high of $9.22. The company has a market capitalization of $289.33 million, a price-to-earnings ratio of -10.49 and a beta of 0.78. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 0.13. The stock's 50 day moving average is $7.73 and its two-hundred day moving average is $7.66.

Tredegar (NYSE:TG - Get Free Report) last announced its earnings results on Thursday, May 8th. The basic materials company reported $0.10 earnings per share for the quarter. The business 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%.

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.