Two Sigma Investments LP Sells 59,988 Shares of Tredegar Co. (NYSE:TG)

Two Sigma Investments LP cut its stake in Tredegar Co. (NYSE:TG - Free Report) by 36.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,331 shares of the basic materials company's stock after selling 59,988 shares during the quarter. Two Sigma Investments LP owned approximately 0.31% of Tredegar worth $817,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of TG. Occudo Quantitative Strategies LP acquired a new position in shares of Tredegar during the 4th quarter worth $78,000. Price T Rowe Associates Inc. MD bought a new stake in Tredegar in the fourth quarter worth $80,000. D Orazio & Associates Inc. acquired a new position in Tredegar during the fourth quarter worth $84,000. SG Americas Securities LLC raised its holdings in Tredegar by 30.9% during 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. Finally, Wells Fargo & Company MN raised its holdings in Tredegar by 25.2% during 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 in the last quarter. 79.24% of the stock is currently owned by hedge funds and other institutional investors.

Tredegar Stock Performance

Shares of TG traded up $0.04 on Tuesday, reaching $8.69. 88,004 shares of the stock traded hands, compared to its average volume of 97,438. The firm has a market cap of $303.47 million, a price-to-earnings ratio of -11.00 and a beta of 0.82. Tredegar Co. has a 12 month low of $4.31 and a 12 month high of $9.22. The stock's 50-day moving average price is $7.87 and its 200-day moving average price is $7.76. 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 (NYSE:TG - Get Free Report) last issued 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 for the quarter. Tredegar had a negative net margin of 3.84% and a positive return on equity of 10.10%.

Analyst Ratings Changes

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

About Tredegar

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.