Two Sigma Investments LP Has $817,000 Stake in Tredegar Co. (NYSE:TG)

Two Sigma Investments LP reduced its holdings in Tredegar Co. (NYSE:TG - Free Report) by 36.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. 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 about 0.31% of Tredegar worth $817,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Occudo Quantitative Strategies LP bought a new position in Tredegar during the fourth quarter worth about $78,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Tredegar in the 4th quarter worth approximately $80,000. D Orazio & Associates Inc. acquired a new position in shares of Tredegar in the 4th quarter worth approximately $84,000. SG Americas Securities LLC boosted its holdings 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 worth $102,000 after acquiring an additional 3,144 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Tredegar by 25.2% in 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 in the last quarter. 79.24% of the stock is owned by institutional investors and hedge funds.

Tredegar Stock Performance

TG stock opened at $8.63 on Friday. The company has a 50 day moving average price of $7.83 and a 200 day moving average price of $7.73. The stock has a market capitalization of $301.20 million, a PE ratio of -10.92 and a beta of 0.78. Tredegar Co. has a fifty-two week low of $4.31 and a fifty-two week high of $9.22. 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 EPS for the quarter. The company had revenue of $164.73 million during the quarter. Tredegar had a negative net margin of 3.84% and a positive return on equity of 10.10%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Tredegar from a "buy" rating to a "hold" rating in a 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.

Want to see what other hedge funds are holding TG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tredegar Co. (NYSE:TG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.