JPMorgan Chase & Co. Purchases 68,423 Shares of Tredegar Co. (NYSE:TG)

JPMorgan Chase & Co. raised its holdings in Tredegar Co. (NYSE:TG - Free Report) by 100.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 136,663 shares of the basic materials company's stock after acquiring an additional 68,423 shares during the quarter. JPMorgan Chase & Co. owned about 0.40% of Tredegar worth $1,050,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TG. D Orazio & Associates Inc. acquired a new stake in shares of Tredegar in the fourth quarter worth $84,000. SG Americas Securities LLC grew its position in shares of Tredegar by 30.9% in the fourth quarter. SG Americas Securities LLC now owns 13,335 shares of the basic materials company's stock valued at $102,000 after purchasing an additional 3,144 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Tredegar by 3.0% during the 4th quarter. Rhumbline Advisers now owns 44,253 shares of the basic materials company's stock worth $340,000 after purchasing an additional 1,298 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in Tredegar in the 4th quarter valued at approximately $356,000. Finally, Barclays PLC boosted its position in shares of Tredegar by 25.0% in the third quarter. Barclays PLC now owns 133,827 shares of the basic materials company's stock valued at $975,000 after acquiring an additional 26,757 shares during the period. 79.24% of the stock is owned by institutional investors.

Tredegar Price Performance

Shares of TG stock traded up $0.21 during trading hours on Friday, hitting $7.91. The company had a trading volume of 2,052 shares, compared to its average volume of 101,147. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.42 and a current ratio of 0.79. The firm's fifty day moving average is $7.39 and its 200 day moving average is $7.63. Tredegar Co. has a 12 month low of $4.31 and a 12 month high of $9.22. The firm has a market capitalization of $274.15 million, a price-to-earnings ratio of -10.04 and a beta of 0.75.

Tredegar (NYSE:TG - Get Free Report) last announced its earnings results on Wednesday, March 12th. The basic materials company reported $0.06 EPS for the quarter. Tredegar had a positive return on equity of 10.10% and a negative net margin of 3.84%. The company had revenue of $154.05 million for the quarter.

Analysts Set New Price Targets

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

Tredegar 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.