Gabelli Funds LLC Has $8.16 Million Holdings in Tredegar Co. (NYSE:TG)

Gabelli Funds LLC grew its position in shares of Tredegar Co. (NYSE:TG - Free Report) by 13.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,062,415 shares of the basic materials company's stock after purchasing an additional 124,115 shares during the quarter. Gabelli Funds LLC owned approximately 3.09% of Tredegar worth $8,159,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TG. FMR LLC increased its stake in shares of Tredegar by 161.5% in the third quarter. FMR LLC now owns 9,445 shares of the basic materials company's stock valued at $69,000 after buying an additional 5,833 shares during the period. D Orazio & Associates Inc. acquired a new stake in Tredegar during the 4th quarter valued at approximately $84,000. SG Americas Securities LLC raised its holdings in 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 purchasing an additional 3,144 shares during the last quarter. Wells Fargo & Company MN lifted its position 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 purchasing an additional 3,204 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Tredegar by 3.0% in the 4th quarter. Rhumbline Advisers now owns 44,253 shares of the basic materials company's stock valued at $340,000 after purchasing an additional 1,298 shares during the last quarter. 79.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Tredegar from a "hold" rating to a "buy" rating in a report on Monday, March 24th.

Tredegar Trading Up 2.0 %

TG stock traded up $0.15 during mid-day trading on Tuesday, reaching $7.32. The company's stock had a trading volume of 30,779 shares, compared to its average volume of 90,429. Tredegar Co. has a 12 month low of $4.30 and a 12 month high of $9.22. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 0.13. The business's 50 day moving average price is $7.46 and its 200 day moving average price is $7.61. The company has a market cap of $253.57 million, a price-to-earnings ratio of -9.28 and a beta of 0.75.

Tredegar (NYSE:TG - Get Free Report) last issued its earnings results on Wednesday, March 12th. The basic materials company reported $0.06 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 business had revenue of $154.05 million for the quarter.

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.