Tredegar Co. (NYSE:TG) is Minerva Advisors LLC’s 4th Largest Position

Minerva Advisors LLC lowered its stake in shares of Tredegar Co. (NYSE:TG) by 0.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,657,107 shares of the basic materials company’s stock after selling 6,000 shares during the period. Tredegar comprises about 7.4% of Minerva Advisors LLC’s portfolio, making the stock its 4th largest holding. Minerva Advisors LLC’s holdings in Tredegar were worth $12,727,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Gladius Capital Management LP purchased a new position in shares of Tredegar in the 3rd quarter valued at about $40,000. FMR LLC increased its stake in shares of Tredegar by 161.5% in the 3rd quarter. FMR LLC now owns 9,445 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 5,833 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Tredegar in the 3rd quarter valued at about $74,000. D Orazio & Associates Inc. purchased a new position in shares of Tredegar in the 4th quarter valued at about $84,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Tredegar in the 3rd quarter valued at about $85,000. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Tredegar Price Performance

Shares of Tredegar stock opened at $8.05 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.79 and a debt-to-equity ratio of 0.13. Tredegar Co. has a twelve month low of $3.98 and a twelve month high of $9.22. The business has a 50-day moving average price of $7.83 and a 200 day moving average price of $7.31. The firm has a market cap of $276.50 million, a PE ratio of -10.19 and a beta of 0.81.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Tredegar from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th.

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.