Insider Selling: Tredegar (NYSE:TG) Major Shareholder Sells $20,298.00 in Stock

Tredegar Corporation (NYSE:TG) major shareholder James Gottwald sold 2,388 shares of Tredegar stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $8.50, for a total transaction of $20,298.00. Following the sale, the insider owned 754,973 shares in the company, valued at $6,417,270.50. This represents a 0.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Trading Up 0.6%

Shares of TG stock opened at $8.48 on Monday. The firm has a fifty day simple moving average of $7.65 and a 200-day simple moving average of $8.14. The company has a market capitalization of $296.18 million, a PE ratio of -4.49 and a beta of 0.78. Tredegar Corporation has a twelve month low of $6.25 and a twelve month high of $9.43.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. increased its holdings 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 during the last quarter. BNP Paribas Financial Markets boosted its holdings in Tredegar by 53.2% in the third 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 during the period. Tower Research Capital LLC TRC increased its stake in Tredegar by 225.3% during the second 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 last quarter. MetLife Investment Management LLC increased its stake in Tredegar by 25.9% during the first quarter. MetLife Investment Management LLC now owns 15,268 shares of the basic materials company’s stock valued at $118,000 after purchasing an additional 3,145 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of Tredegar by 130.0% during the second quarter. Osaic Holdings Inc. now owns 13,988 shares of the basic materials company’s stock worth $123,000 after purchasing an additional 7,907 shares during the period. Institutional investors own 79.24% of the company’s stock.

Analyst Upgrades and Downgrades

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