Tredegar (NYSE:TG) Major Shareholder Sells $11,470.32 in Stock

Key Points

• William Gottwald, a major shareholder of Tredegar Corporation, sold 1,432 shares at an average price of $8.01, amounting to a total of $11,470.32, which resulted in a 0.18% decrease in his ownership.
• Tredegar's stock was trading at $8.02 with a market cap of $279.82 million, amid a challenging earnings report showing a negative net margin of 9.51% despite a positive return on equity of 4.17%.
• Institutional investors own 79.24% of Tredegar's stock, with notable increases in holdings from entities like Deutsche Bank AG and GAMMA Investing LLC during recent quarters.

Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder William Gottwald sold 1,432 shares of the business's stock in a transaction on Monday, September 29th. The shares were sold at an average price of $8.01, for a total value of $11,470.32. Following the completion of the sale, the insider owned 775,897 shares of the company's stock, valued at $6,214,934.97. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

Tredegar Price Performance

TG traded up $0.05 during trading on Tuesday, hitting $8.02. The stock had a trading volume of 101,262 shares, compared to its average volume of 84,039. The company has a 50 day moving average price of $8.03 and a 200-day moving average price of $8.11. The firm has a market cap of $279.82 million, a price-to-earnings ratio of -4.24 and a beta of 0.82. Tredegar Corporation has a one year low of $6.45 and a one year high of $9.43.

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

Institutional Trading of Tredegar

A number of institutional investors have recently modified their holdings of TG. Deutsche Bank AG lifted its position in shares of Tredegar by 33.3% during the 4th quarter. Deutsche Bank AG now owns 26,872 shares of the basic materials company's stock valued at $206,000 after acquiring an additional 6,719 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Tredegar during the 1st quarter valued at $46,000. GAMMA Investing LLC raised its holdings in shares of Tredegar by 1,131.8% during 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. Bank of New York Mellon Corp raised its holdings in shares of Tredegar by 4.5% during the 1st 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. Finally, Choreo LLC acquired a new position in shares of Tredegar during the 1st quarter worth $241,000. 79.24% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.