Gamco Investors INC. ET AL Raises Stake in Tredegar Co. (NYSE:TG)

Gamco Investors INC. ET AL increased its holdings in Tredegar Co. (NYSE:TG - Free Report) by 10.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,623,809 shares of the basic materials company's stock after acquiring an additional 513,415 shares during the quarter. Gamco Investors INC. ET AL owned about 16.37% of Tredegar worth $43,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TG. FMR LLC lifted its holdings in shares of Tredegar by 161.5% during the third quarter. FMR LLC now owns 9,445 shares of the basic materials company's stock valued at $69,000 after purchasing an additional 5,833 shares during the last quarter. D Orazio & Associates Inc. purchased a new position in Tredegar during the fourth quarter valued at $84,000. The Manufacturers Life Insurance Company bought a new position in shares of Tredegar during the third quarter valued at $85,000. SG Americas Securities LLC raised its position 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 purchasing an additional 3,144 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Tredegar by 25.2% during the 4th quarter. Wells Fargo & Company MN now owns 15,935 shares of the basic materials company's stock valued at $122,000 after purchasing an additional 3,204 shares during the last quarter. Institutional investors own 79.24% of the company's stock.

Wall Street Analysts Forecast Growth

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

Tredegar Stock Down 0.2 %

Shares of Tredegar stock traded down $0.02 on Friday, reaching $7.17. The company's stock had a trading volume of 68,177 shares, compared to its average volume of 102,965. Tredegar Co. has a 52 week low of $4.31 and a 52 week high of $9.22. The firm's fifty day simple moving average is $7.47 and its two-hundred day simple moving average is $7.61. The company has a quick ratio of 0.42, a current ratio of 0.79 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $248.61 million, a price-to-earnings ratio of -9.08 and a beta of 0.75.

Tredegar (NYSE:TG - Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The basic materials company reported $0.06 earnings per share for the quarter. The firm had revenue of $154.05 million during 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.