Strs Ohio Makes New $509,000 Investment in Tredegar Corporation $TG

Key Points

• Strs Ohio has acquired a new position in Tredegar Corporation, purchasing 66,100 shares valued at approximately $509,000, representing around 0.19% of the company.
• In the first quarter, several institutional investors, including GAMMA Investing LLC and MetLife Investment Management LLC, significantly increased their holdings in Tredegar, indicating growing interest among larger investors.
• As of its latest quarterly earnings report, Tredegar posted earnings of $0.05 EPS with a negative net margin of 9.51% and a revenue of $180.50 million.

Strs Ohio acquired a new position in Tredegar Corporation (NYSE:TG - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 66,100 shares of the basic materials company's stock, valued at approximately $509,000. Strs Ohio owned approximately 0.19% of Tredegar at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in Tredegar in the 1st quarter worth $144,000. AQR Capital Management LLC lifted its holdings in Tredegar by 31.4% in the 1st quarter. AQR Capital Management LLC now owns 17,158 shares of the basic materials company's stock worth $132,000 after buying an additional 4,097 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in Tredegar by 2.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 5,785,780 shares of the basic materials company's stock worth $44,551,000 after buying an additional 161,971 shares in the last quarter. Gabelli Funds LLC lifted its holdings in Tredegar by 3.3% in the 1st quarter. Gabelli Funds LLC now owns 1,097,215 shares of the basic materials company's stock worth $8,449,000 after buying an additional 34,800 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Tredegar by 25.9% in the 1st quarter. MetLife Investment Management LLC now owns 15,268 shares of the basic materials company's stock worth $118,000 after buying an additional 3,145 shares in the last quarter. Institutional investors and hedge funds own 79.24% of the company's stock.

Insider Activity

In other news, major shareholder William M. Gottwald sold 7,051 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $8.43, for a total value of $59,439.93. Following the completion of the sale, the insider owned 781,508 shares of the company's stock, valued at approximately $6,588,112.44. The trade was a 0.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder John D. Gottwald sold 7,168 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $8.43, for a total transaction of $60,426.24. Following the completion of the sale, the insider directly owned 781,507 shares of the company's stock, valued at $6,588,104.01. The trade was a 0.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,498 shares of company stock valued at $241,336 in the last three months. Insiders own 5.80% of the company's stock.

Tredegar Trading Down 0.4%

TG stock traded down $0.04 during trading on Monday, reaching $8.06. The stock had a trading volume of 69,868 shares, compared to its average volume of 85,953. Tredegar Corporation has a 1-year low of $6.45 and a 1-year high of $9.43. The company has a market capitalization of $281.04 million, a P/E ratio of -4.26 and a beta of 0.82. The firm has a fifty day moving average price of $8.11 and a 200 day moving average price of $8.09.

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

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.