Tredegar Co. (NYSE:TG) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP cut its stake in Tredegar Co. (NYSE:TG - Free Report) by 37.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,100 shares of the basic materials company's stock after selling 64,700 shares during the period. Two Sigma Advisers LP owned 0.32% of Tredegar worth $838,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in shares of Tredegar by 100.3% during the fourth quarter. JPMorgan Chase & Co. now owns 136,663 shares of the basic materials company's stock valued at $1,050,000 after purchasing an additional 68,423 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Tredegar by 30.9% during the 4th quarter. SG Americas Securities LLC now owns 13,335 shares of the basic materials company's stock worth $102,000 after acquiring an additional 3,144 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Tredegar by 691.9% in the 4th quarter. Bank of America Corp DE now owns 2,893,980 shares of the basic materials company's stock worth $22,226,000 after purchasing an additional 2,528,530 shares in the last quarter. Northern Trust Corp raised its holdings in Tredegar by 3.8% in the 4th quarter. Northern Trust Corp now owns 233,068 shares of the basic materials company's stock worth $1,790,000 after purchasing an additional 8,459 shares during the period. Finally, Price T Rowe Associates Inc. MD purchased a new position in Tredegar during the fourth quarter valued at $80,000. 79.24% of the stock is owned by hedge funds and other institutional investors.

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 down $0.05 during mid-day trading on Thursday, hitting $8.54. 34,135 shares of the company's stock traded hands, compared to its average volume of 97,720. The company's 50-day moving average is $7.80 and its two-hundred day moving average is $7.71. The company has a market capitalization of $298.23 million, a P/E ratio of -10.81 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 1 year low of $4.31 and a 1 year high of $9.22.

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

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.