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

D. E. Shaw & Co. Inc. lowered its holdings in Tredegar Co. (NYSE:TG - Free Report) by 15.9% in the fourth quarter, according to its most recent 13F filing with the Securities & 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 approximately 0.56% of Tredegar worth $1,476,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD bought a new position in shares of Tredegar in the fourth quarter worth $80,000. D Orazio & Associates Inc. bought a new position in Tredegar in the 4th quarter valued at about $84,000. SG Americas Securities LLC raised its position in shares of Tredegar by 30.9% in the 4th quarter. SG Americas Securities LLC now owns 13,335 shares of the basic materials company's stock valued at $102,000 after buying an additional 3,144 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Tredegar by 25.2% during the 4th quarter. Wells Fargo & Company MN now owns 15,935 shares of the basic materials company's stock worth $122,000 after acquiring an additional 3,204 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Tredegar by 3.0% during the 4th quarter. Rhumbline Advisers now owns 44,253 shares of the basic materials company's stock worth $340,000 after acquiring an additional 1,298 shares in the last quarter. Institutional investors and hedge funds own 79.24% of the company's stock.

Tredegar Price Performance

Shares of TG stock traded up $0.23 on Tuesday, hitting $8.43. 25,651 shares of the company's stock were exchanged, compared to its average volume of 99,268. The company has a 50 day moving average of $7.71 and a 200 day moving average of $7.65. The stock has a market cap of $294.22 million, a P/E ratio of -10.66 and a beta of 0.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.79 and a quick ratio of 0.42. Tredegar Co. has a 12 month low of $4.31 and a 12 month high of $9.22.

Tredegar (NYSE:TG - Get Free Report) last posted its earnings results on Thursday, May 8th. The basic materials company reported $0.10 EPS for the quarter. Tredegar had a negative net margin of 3.84% and a positive return on equity of 10.10%. The firm had revenue of $164.73 million during the quarter.

Analysts Set New Price Targets

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

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.