Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder John Gottwald sold 16,086 shares of the business's stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $8.01, for a total value of $128,848.86. Following the completion of the sale, the insider directly owned 759,811 shares in the company, valued at $6,086,086.11. This represents a 2.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Tredegar Price Performance
Shares of TG traded down $0.22 during midday trading on Thursday, reaching $7.69. The stock had a trading volume of 37,427 shares, compared to its average volume of 84,298. Tredegar Corporation has a 52 week low of $6.45 and a 52 week high of $9.43. The firm's 50 day moving average price is $7.99 and its 200-day moving average price is $8.11. The company has a market capitalization of $268.30 million, a P/E ratio of -4.07 and a beta of 0.78.
Tredegar (NYSE:TG - Get Free Report) last announced its earnings results on Friday, August 8th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $180.50 million for the quarter. Tredegar had a positive return on equity of 4.17% and a negative net margin of 9.51%.
Hedge Funds Weigh In On Tredegar
Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its holdings in Tredegar by 225.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company's stock valued at $61,000 after acquiring an additional 4,771 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Tredegar by 1,131.8% in the 1st quarter. GAMMA Investing LLC now owns 10,495 shares of the basic materials company's stock worth $81,000 after buying an additional 9,643 shares in the last quarter. Osaic Holdings Inc. grew its position in Tredegar by 130.0% during the 2nd quarter. Osaic Holdings Inc. now owns 13,988 shares of the basic materials company's stock worth $123,000 after acquiring an additional 7,907 shares during the last quarter. MetLife Investment Management LLC grew its position in Tredegar by 25.9% during the 1st quarter. MetLife Investment Management LLC now owns 15,268 shares of the basic materials company's stock worth $118,000 after acquiring an additional 3,145 shares during the last quarter. Finally, Atria Wealth Solutions Inc. bought a new position in Tredegar in the 1st quarter valued at $131,000. Institutional investors and hedge funds own 79.24% of the company's stock.
About Tredegar
(
Get Free Report)
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.
Further Reading
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