Gamco Investors INC. ET AL Has $48.47 Million Stock Position in Tredegar Corporation $TG

Gamco Investors INC. ET AL reduced its position in Tredegar Corporation (NYSE:TG) by 3.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 6,096,631 shares of the basic materials company’s stock after selling 206,053 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.17% of Tredegar worth $48,468,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. lifted its position in shares of Tredegar by 531.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 2,841 shares in the last quarter. Torren Management LLC acquired a new position in Tredegar in the 4th quarter worth approximately $32,000. BNP Paribas Financial Markets grew its position in Tredegar by 53.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 1,830 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Tredegar by 225.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 4,771 shares in the last quarter. Finally, Heron Bay Capital Management acquired a new stake in Tredegar during the 4th quarter valued at $76,000. Institutional investors and hedge funds own 79.24% of the company’s stock.

Tredegar Trading Down 1.1%

Shares of NYSE TG opened at $7.66 on Friday. Tredegar Corporation has a one year low of $6.25 and a one year high of $10.53. The business has a 50-day moving average price of $7.76 and a two-hundred day moving average price of $8.29. The firm has a market capitalization of $268.11 million, a PE ratio of 9.11 and a beta of 0.75.

Tredegar (NYSE:TG) last issued its earnings results on Friday, May 8th. The basic materials company reported $0.15 earnings per share for the quarter. The company had revenue of $186.49 million for the quarter. Tredegar had a return on equity of 12.91% and a net margin of 3.89%.

Insider Buying and Selling

In related news, major shareholder John D. Gottwald sold 20,146 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $8.16, for a total transaction of $164,391.36. Following the transaction, the insider directly owned 408,767 shares of the company’s stock, valued at approximately $3,335,538.72. The trade was a 4.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder James T. Gottwald sold 15,808 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $8.04, for a total transaction of $127,096.32. Following the completion of the transaction, the insider owned 435,065 shares in the company, valued at approximately $3,497,922.60. This represents a 3.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 153,338 shares of company stock worth $1,236,609. 2.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Tredegar from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

About Tredegar

Tredegar Corporation is a diversified manufacturer specializing in high-performance plastic films and aluminum extrusions. Headquartered in Richmond, Virginia, the company operates through two primary segments—Films and Manufactured Products—serving a broad range of industries that include flexible packaging, medical devices, electronics, building and construction. Tredegar’s operations focus on delivering tailored solutions that meet demanding specifications for barrier properties, film strength and extrusion tolerances.

The Films segment produces a variety of polyolefin films, including cast and blown polyethylene, BOPP (biaxially oriented polypropylene), barrier films and specialty medical-grade films.