Short Interest in Tredegar Co. (NYSE:TG) Drops By 24.4%

Tredegar Co. (NYSE:TG - Get Free Report) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 273,700 shares, a decrease of 24.4% from the March 15th total of 362,000 shares. Currently, 0.9% of the company's stock are sold short. Based on an average daily volume of 147,000 shares, the days-to-cover ratio is presently 1.9 days.

Hedge Funds Weigh In On Tredegar

Hedge funds have recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC grew its holdings in Tredegar by 115,654.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 30,655,382 shares of the basic materials company's stock valued at $313,298,000 after purchasing an additional 30,628,899 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in Tredegar by 4.1% during the third quarter. Gamco Investors INC. ET AL now owns 4,283,393 shares of the basic materials company's stock valued at $23,173,000 after purchasing an additional 167,185 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Tredegar by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,080,053 shares of the basic materials company's stock worth $18,991,000 after acquiring an additional 15,975 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Tredegar by 2.0% in the first quarter. Vanguard Group Inc. now owns 1,809,790 shares of the basic materials company's stock worth $21,700,000 after acquiring an additional 36,203 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of Tredegar by 46.6% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 1,749,254 shares of the basic materials company's stock worth $9,463,000 after acquiring an additional 555,747 shares during the last quarter. Institutional investors and hedge funds own 79.24% of the company's stock.

Tredegar Stock Up 0.3 %

Shares of NYSE TG traded up $0.02 during mid-day trading on Friday, reaching $6.45. The company had a trading volume of 303,044 shares, compared to its average volume of 147,964. The stock has a fifty day moving average of $5.16 and a two-hundred day moving average of $5.04. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.38 and a current ratio of 0.71. The company has a market capitalization of $222.07 million, a price-to-earnings ratio of -2.08 and a beta of 0.99. Tredegar has a 12-month low of $3.98 and a 12-month high of $9.53.

Tredegar (NYSE:TG - Get Free Report) last released its quarterly earnings data on Friday, March 15th. The basic materials company reported ($0.01) EPS for the quarter. Tredegar had a negative return on equity of 2.72% and a negative net margin of 15.08%. The firm had revenue of $166.99 million during 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.