TIAA CREF Investment Management LLC decreased its position in Tredegar Co. (NYSE:TG) by 3.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,045 shares of the basic materials company’s stock after selling 1,867 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.17% of Tredegar worth $1,213,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in TG. First Hawaiian Bank bought a new position in Tredegar during the third quarter worth $141,000. First Quadrant L P CA bought a new position in Tredegar during the third quarter worth $174,000. Bessemer Group Inc. bought a new position in Tredegar during the third quarter worth $199,000. Pacer Advisors Inc. increased its position in Tredegar by 390.7% during the third quarter. Pacer Advisors Inc. now owns 11,095 shares of the basic materials company’s stock worth $240,000 after acquiring an additional 8,834 shares during the period. Finally, Meeder Asset Management Inc. increased its position in Tredegar by 105.9% during the third quarter. Meeder Asset Management Inc. now owns 11,199 shares of the basic materials company’s stock worth $242,000 after acquiring an additional 5,760 shares during the period. 64.96% of the stock is currently owned by institutional investors.
In other Tredegar news, VP Michael Jay Schewel purchased 5,000 shares of the stock in a transaction on Tuesday, November 13th. The shares were purchased at an average price of $15.95 per share, with a total value of $79,750.00. Following the acquisition, the vice president now directly owns 21,933 shares of the company’s stock, valued at approximately $349,831.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 12.62% of the company’s stock.
Tredegar (NYSE:TG) last announced its quarterly earnings results on Thursday, November 8th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $264.74 million for the quarter. Tredegar had a negative net margin of 1.86% and a positive return on equity of 11.22%.
Several brokerages have issued reports on TG. TheStreet lowered shares of Tredegar from a “b-” rating to a “c-” rating in a report on Thursday, November 15th. ValuEngine raised shares of Tredegar from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd.
TRADEMARK VIOLATION NOTICE: This story was originally posted by Markets Daily and is the sole property of of Markets Daily. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://www.themarketsdaily.com/2019/02/11/tredegar-co-tg-stake-lowered-by-tiaa-cref-investment-management-llc.html.
Tredegar Company Profile
Tredegar Corporation, through its subsidiaries, manufactures and sells polyethylene (PE) plastic films, polyester films, and aluminum extrusions worldwide. It operates through PE Films, Flexible Packaging Films, and Aluminum Extrusions segments. The PE Films segment offers personal care materials, such as apertured films and laminate materials for use in feminine hygiene products, baby diapers, and adult incontinence products under the ComfortAire, ComfortFeel, and FreshFeel brands; elastic materials for use as components for baby diapers, adult incontinence products, and feminine hygiene products under the ExtraFlex and FlexAire brands; and three-dimensional apertured film transfer layers for baby diapers and adult incontinence products under the AquiDry and AquiDry Plus brands.
Featured Article: What is insider trading?
Want to see what other hedge funds are holding TG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tredegar Co. (NYSE:TG).
Receive News & Ratings for Tredegar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tredegar and related companies with MarketBeat.com's FREE daily email newsletter.