Two Sigma Advisers LP Sells 64,700 Shares of Tredegar Co. (NYSE:TG)

Two Sigma Advisers LP decreased its position in Tredegar Co. (NYSE:TG - Free Report) by 37.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 109,100 shares of the basic materials company's stock after selling 64,700 shares during the quarter. Two Sigma Advisers LP owned about 0.32% of Tredegar worth $838,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Rhumbline Advisers raised its stake in Tredegar by 3.0% in the 4th quarter. Rhumbline Advisers now owns 44,253 shares of the basic materials company's stock worth $340,000 after purchasing an additional 1,298 shares in the last quarter. Barclays PLC increased its holdings in shares of Tredegar by 1.1% during the fourth quarter. Barclays PLC now owns 135,241 shares of the basic materials company's stock worth $1,038,000 after purchasing an additional 1,414 shares during the period. SG Americas Securities LLC raised its position in shares of Tredegar by 30.9% in the fourth 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 boosted 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 valued at $122,000 after buying an additional 3,204 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of 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 valued at $8,520,000 after buying an additional 3,403 shares during the period. Institutional investors own 79.24% of the company's stock.

Analyst Ratings Changes

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

Tredegar Price Performance

Shares of NYSE TG traded up $0.10 during mid-day trading on Friday, reaching $8.63. The company had a trading volume of 37,126 shares, compared to its average volume of 97,515. The firm has a market cap of $301.20 million, a price-to-earnings ratio of -10.92 and a beta of 0.78. The business's 50-day simple moving average is $7.83 and its 200 day simple moving average is $7.73. Tredegar Co. has a one year low of $4.31 and a one year high of $9.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.42 and a current ratio of 0.79.

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

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.