Tredegar (NYSE:TG) Major Shareholder John Gottwald Sells 10,945 Shares

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 10,945 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $8.54, for a total transaction of $93,470.30. Following the completion of the transaction, the insider owned 734,004 shares in the company, valued at $6,268,394.16. This represents a 1.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Stock Down 1.7%

Shares of TG traded down $0.14 during trading on Wednesday, reaching $7.96. The company’s stock had a trading volume of 59,117 shares, compared to its average volume of 97,426. Tredegar Corporation has a twelve month low of $6.25 and a twelve month high of $9.43. The company has a market cap of $277.89 million, a price-to-earnings ratio of -4.21 and a beta of 0.78. The company has a fifty day moving average of $7.66 and a two-hundred day moving average of $8.14.

Tredegar (NYSE:TG) last announced its quarterly earnings data on Friday, November 7th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter. Tredegar had a positive return on equity of 4.17% and a negative net margin of 9.51%.The firm had revenue of $194.94 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TG. Russell Investments Group Ltd. increased its stake in shares of Tredegar by 531.0% in the third quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 2,841 shares during the period. BNP Paribas Financial Markets increased its position in Tredegar by 53.2% during the third quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 1,830 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Tredegar by 225.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 4,771 shares during the period. Citadel Advisors LLC grew its position in Tredegar by 163.7% in the 3rd quarter. Citadel Advisors LLC now owns 11,850 shares of the basic materials company’s stock worth $95,000 after purchasing an additional 30,450 shares during the last quarter. Finally, Prelude Capital Management LLC acquired a new position in shares of Tredegar during the third quarter valued at about $105,000. Institutional investors and hedge funds own 79.24% of the company’s stock.

Wall Street Analysts Forecast Growth

TG has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Tredegar in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Tredegar from a “hold” rating to a “strong-buy” rating in a research note on Saturday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.