William Gottwald Sells 9,998 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 9,998 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $8.52, for a total value of $85,182.96. Following the completion of the sale, the insider owned 744,948 shares in the company, valued at approximately $6,346,956.96. This represents a 1.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Trading Down 3.6%

Shares of NYSE:TG opened at $8.09 on Wednesday. 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 $282.57 million, a PE ratio of -4.28 and a beta of 0.78. The company’s 50 day moving average is $7.66 and its 200 day moving average is $8.14.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wall Street Zen raised Tredegar from a “hold” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Tredegar in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Tredegar currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Tredegar

Several hedge funds have recently modified their holdings of the company. Jacobs Levy Equity Management Inc. purchased a new position in shares of Tredegar in the 3rd quarter valued at about $713,000. Prelude Capital Management LLC purchased a new position in Tredegar during the third quarter worth approximately $105,000. Citadel Advisors LLC grew its holdings in Tredegar by 163.7% in the third quarter. Citadel Advisors LLC now owns 11,850 shares of the basic materials company’s stock valued at $95,000 after purchasing an additional 30,450 shares during the period. BNP Paribas Financial Markets grew 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 valued at $42,000 after purchasing an additional 1,830 shares during the period. Finally, Russell Investments Group Ltd. increased its position 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 valued at $27,000 after buying an additional 2,841 shares in the last quarter. 79.24% of the stock is owned by hedge funds and other institutional investors.

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.