Tredegar (NYSE:TG) Major Shareholder James Gottwald Sells 1,433 Shares

Key Points

• James Gottwald, a major shareholder of Tredegar Corporation, sold 1,433 shares at an average price of $8.01, totaling approximately $11,478.33, which reduced his holdings by 0.18%.
• Tredegar's stock price increased by 0.6%, reaching $8.02, with a market cap of $279.82 million and a notable negative net margin of 9.51% reported in their latest earnings.
• Institutional investors control about 79.24% of Tredegar's shares, with significant recent actions including GAMMA Investing LLC increasing its stake by over 1,131%.

Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder James Gottwald sold 1,433 shares of Tredegar stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $8.01, for a total transaction of $11,478.33. Following the sale, the insider owned 775,897 shares in the company, valued at $6,214,934.97. This represents a 0.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Tredegar Stock Up 0.6%

Shares of TG traded up $0.05 during mid-day trading on Tuesday, reaching $8.02. 101,262 shares of the stock traded hands, compared to its average volume of 84,039. The firm has a market cap of $279.82 million, a price-to-earnings ratio of -4.24 and a beta of 0.82. The stock has a fifty day simple moving average of $8.03 and a 200 day simple moving average of $8.11. Tredegar Corporation has a 12-month low of $6.45 and a 12-month high of $9.43.

Tredegar (NYSE:TG - Get Free Report) last posted its quarterly earnings data 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 negative net margin of 9.51% and a positive return on equity of 4.17%.

Institutional Trading of Tredegar

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of Tredegar by 1,131.8% during the first quarter. GAMMA Investing LLC now owns 10,495 shares of the basic materials company's stock valued at $81,000 after purchasing an additional 9,643 shares during the period. Deutsche Bank AG grew its position in shares of Tredegar by 33.3% during the fourth quarter. Deutsche Bank AG now owns 26,872 shares of the basic materials company's stock worth $206,000 after buying an additional 6,719 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new stake in shares of Tredegar during the first quarter worth approximately $131,000. Choreo LLC acquired a new stake in shares of Tredegar during the first quarter worth approximately $241,000. Finally, Bank of New York Mellon Corp grew its position in shares of Tredegar by 4.5% during the first quarter. Bank of New York Mellon Corp now owns 76,074 shares of the basic materials company's stock worth $586,000 after buying an additional 3,278 shares in the last quarter. Hedge funds and other institutional investors own 79.24% of the company's stock.

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.

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