Tredegar (NYSE:TG) Earns "Sell (D-)" Rating from Weiss Ratings

Key Points

• Tredegar's stock has received a "Sell (D-)" rating from Weiss Ratings, indicating negative performance outlook.
• The company reported $0.05 EPS for the last quarter, with a negative net margin of 9.51% and a market capitalization of $260.55 million.
• Insider shareholders, the Gottwalds, sold approximately 32,173 shares at an average price of $8.01, reducing their ownership by 2.07% each.

Tredegar (NYSE:TG - Get Free Report)'s stock had its "sell (d-)" rating restated by equities researchers at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Tredegar Trading Up 2.0%

Shares of NYSE TG opened at $7.47 on Friday. The business has a fifty day simple moving average of $7.76 and a 200 day simple moving average of $8.12. The firm has a market capitalization of $260.55 million, a price-to-earnings ratio of -3.95 and a beta of 0.78. Tredegar has a one year low of $6.45 and a one year high of $9.43.

Tredegar (NYSE:TG - Get Free Report) last issued its earnings results on Friday, August 8th. The basic materials company reported $0.05 EPS for the quarter. Tredegar had a positive return on equity of 4.17% and a negative net margin of 9.51%.The business had revenue of $180.50 million during the quarter.

Insider Buying and Selling at Tredegar

In other Tredegar news, major shareholder John D. Gottwald sold 16,086 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $8.01, for a total transaction of $128,848.86. Following the completion of the transaction, the insider directly owned 759,811 shares in the company, valued at $6,086,086.11. This represents a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder William M. Gottwald sold 16,087 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $8.01, for a total value of $128,856.87. Following the transaction, the insider owned 759,810 shares of the company's stock, valued at $6,086,078.10. This represents a 2.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 70,485 shares of company stock valued at $577,626 over the last quarter. Corporate insiders own 5.95% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. HB Wealth Management LLC acquired a new position in Tredegar during the third quarter worth $720,000. Merit Financial Group LLC acquired a new stake in shares of Tredegar in the third quarter valued at $155,000. Osaic Holdings Inc. increased its stake in shares of Tredegar by 130.0% in the second quarter. Osaic Holdings Inc. now owns 13,988 shares of the basic materials company's stock valued at $123,000 after buying an additional 7,907 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Tredegar by 225.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company's stock valued at $61,000 after buying an additional 4,771 shares in the last quarter. Finally, Gate City Capital Management LLC increased its stake in shares of Tredegar by 113.5% in the second quarter. Gate City Capital Management LLC now owns 260,088 shares of the basic materials company's stock valued at $2,289,000 after buying an additional 138,278 shares in the last quarter. 79.24% of the stock is currently owned by institutional investors and hedge funds.

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.

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