Key Points
- Major shareholder James Gottwald sold 9,997 Tredegar shares on November 14 at an average price of $8.52, trimming his position by 1.32% to 744,949 shares valued at about $6.35 million, per an SEC filing.
- TG shares opened at $8.40 and were trading down ~1.3%; the company has a market cap of $293.15 million, a negative P/E of -4.44, reported $0.26 EPS on $194.94 million revenue last quarter, and a negative net margin of 9.51%.
- Analysts are mixed but the MarketBeat consensus is a “Sell”, while institutional investors own roughly 79.24% of the stock and several funds recently increased or initiated positions.
Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder James Gottwald sold 9,997 shares of the company's stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $8.52, for a total value of $85,174.44. Following the completion of the sale, the insider owned 744,949 shares in the company, valued at $6,346,965.48. The trade was a 1.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Tredegar Trading Down 1.3%
Shares of TG stock opened at $8.40 on Tuesday. Tredegar Corporation has a twelve month low of $6.25 and a twelve month high of $9.43. The stock has a market cap of $293.15 million, a P/E ratio of -4.44 and a beta of 0.78. The stock has a 50 day moving average of $7.66 and a 200 day moving average of $8.14.
Tredegar (NYSE:TG - Get Free Report) 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 positive return on equity of 4.17% and a negative net margin of 9.51%.
Analyst Upgrades and Downgrades
Several analysts recently commented on TG shares. Weiss Ratings restated a "sell (d-)" rating on shares of Tredegar in a research report on Wednesday, October 8th. Wall Street Zen upgraded Tredegar from a "hold" rating to a "strong-buy" rating in a research report on Saturday. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of "Sell".
Check Out Our Latest Research Report on Tredegar
Institutional Trading of Tredegar
Several institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its position in shares of Tredegar by 531.0% during the 3rd 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 last quarter. BNP Paribas Financial Markets increased its stake 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 buying an additional 1,830 shares in the last quarter. Tower Research Capital LLC TRC increased its stake 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 buying an additional 4,771 shares in the last quarter. Citadel Advisors LLC raised its holdings in shares of Tredegar by 163.7% during the third quarter. Citadel Advisors LLC now owns 11,850 shares of the basic materials company's stock valued at $95,000 after acquiring an additional 30,450 shares during the last quarter. Finally, Prelude Capital Management LLC acquired a new stake in shares of Tredegar in the third quarter worth approximately $105,000. Institutional investors and hedge funds own 79.24% of the company's stock.
Tredegar Company Profile
(
Get Free Report)
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.
Further Reading
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