Key Points
- William Gottwald sold 12,007 shares of Tredegar on Feb. 26 at an average price of $8.99 for $107,942.93, trimming his stake by 2.22% to 529,438 shares (about $4.76M).
- Institutional investors own roughly 79.24% of the company and several funds recently increased stakes, yet analysts' consensus remains a "Sell"; the stock opened at $9.57 with a market cap near $334M and a 12‑month range of $6.25–$9.66.
Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder John Gottwald sold 4,814 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $9.02, for a total transaction of $43,422.28. Following the completion of the sale, the insider owned 524,624 shares in the company, valued at $4,732,108.48. This represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Tredegar Price Performance
Shares of TG opened at $9.57 on Tuesday. Tredegar Corporation has a 1-year low of $6.25 and a 1-year high of $9.66. The stock has a market cap of $334.09 million, a price-to-earnings ratio of -6.06 and a beta of 0.63. The firm has a 50 day simple moving average of $8.33 and a 200-day simple moving average of $7.91.
Institutional Investors Weigh In On Tredegar
Hedge funds and other institutional investors have recently made changes to their positions in the business. Gamco Investors INC. ET AL lifted its position in Tredegar by 5.2% during the fourth quarter. Gamco Investors INC. ET AL now owns 6,302,684 shares of the basic materials company's stock worth $45,253,000 after buying an additional 311,833 shares during the period. Marshall Wace LLP acquired a new position in shares of Tredegar during the 4th quarter valued at about $1,427,000. Millennium Management LLC lifted its holdings in shares of Tredegar by 716.3% during the 4th quarter. Millennium Management LLC now owns 195,704 shares of the basic materials company's stock worth $1,405,000 after acquiring an additional 171,729 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Tredegar by 34.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 598,785 shares of the basic materials company's stock worth $4,299,000 after acquiring an additional 154,735 shares during the period. Finally, Gate City Capital Management LLC boosted its position in shares of Tredegar by 113.5% in the second quarter. Gate City Capital Management LLC now owns 260,088 shares of the basic materials company's stock worth $2,289,000 after acquiring an additional 138,278 shares during the last quarter. Hedge funds and other institutional investors own 79.24% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on TG shares. Weiss Ratings restated a "sell (d-)" rating on shares of Tredegar in a research report on Wednesday, January 21st. Wall Street Zen raised shares of Tredegar from a "hold" rating to a "strong-buy" rating in a research note on Saturday, November 15th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of "Sell".
View Our Latest Stock Analysis on TG
About Tredegar
(
Get Free Report)
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.
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