Bleakley Financial Group LLC Increases Position in Tredegar Co. (NYSE:TG)

Bleakley Financial Group LLC lifted its holdings in Tredegar Co. (NYSE:TG) by 64.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 19,670 shares of the basic materials company’s stock after buying an additional 7,732 shares during the quarter. Bleakley Financial Group LLC’s holdings in Tredegar were worth $143,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Gabelli Funds LLC lifted its position in Tredegar by 26.9% in the 2nd quarter. Gabelli Funds LLC now owns 831,500 shares of the basic materials company’s stock valued at $3,983,000 after purchasing an additional 176,091 shares during the last quarter. American Century Companies Inc. increased its stake in Tredegar by 66.5% during the 2nd quarter. American Century Companies Inc. now owns 368,376 shares of the basic materials company’s stock valued at $1,765,000 after buying an additional 147,158 shares during the period. Acadian Asset Management LLC increased its stake in Tredegar by 2.3% during the 2nd quarter. Acadian Asset Management LLC now owns 184,828 shares of the basic materials company’s stock valued at $884,000 after buying an additional 4,240 shares during the period. HB Wealth Management LLC increased its stake in Tredegar by 198.6% during the 2nd quarter. HB Wealth Management LLC now owns 89,580 shares of the basic materials company’s stock valued at $429,000 after buying an additional 59,575 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Tredegar in the 1st quarter worth approximately $156,000. 79.24% of the stock is owned by institutional investors and hedge funds.

Tredegar Stock Performance

Shares of TG opened at $7.54 on Friday. The firm’s 50 day moving average is $6.73 and its 200-day moving average is $6.00. The stock has a market capitalization of $260.02 million, a P/E ratio of -2.54 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.78 and a quick ratio of 0.41. Tredegar Co. has a 12-month low of $3.98 and a 12-month high of $8.54.

Tredegar (NYSE:TG) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $190.56 million for the quarter. Tredegar had a negative net margin of 10.56% and a positive return on equity of 6.82%.

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.