Tredegar (NYSE:TG) Major Shareholder John Gottwald Sells 16,086 Shares of Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 16,086 shares of the business’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $8.01, for a total transaction of $128,848.86. Following the completion of the sale, the insider directly owned 759,811 shares in the company, valued at approximately $6,086,086.11. This represents a 2.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Tredegar Stock Down 2.5%

Shares of TG stock opened at $7.71 on Friday. The company’s fifty day simple moving average is $7.96 and its 200-day simple moving average is $8.12. The firm has a market cap of $269.11 million, a PE ratio of -4.08 and a beta of 0.78. Tredegar Corporation has a 12 month low of $6.45 and a 12 month high of $9.43.

Tredegar (NYSE:TG) last announced its quarterly earnings data on Friday, August 8th. The basic materials company reported $0.05 EPS for the quarter. The business had revenue of $180.50 million for the quarter. Tredegar had a negative net margin of 9.51% and a positive return on equity of 4.17%.

Hedge Funds Weigh In On Tredegar

A number of institutional investors have recently added to or reduced their stakes in TG. Nuveen LLC acquired a new position in Tredegar during the first quarter worth $1,854,000. Gamco Investors INC. ET AL increased its holdings in shares of Tredegar by 2.9% in the first quarter. Gamco Investors INC. ET AL now owns 5,785,780 shares of the basic materials company’s stock valued at $44,551,000 after purchasing an additional 161,971 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Tredegar by 190.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 217,954 shares of the basic materials company’s stock valued at $1,678,000 after purchasing an additional 142,822 shares during the last quarter. Gate City Capital Management LLC increased its holdings 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 valued at $2,289,000 after purchasing an additional 138,278 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Tredegar by 23.6% in the first quarter. American Century Companies Inc. now owns 622,012 shares of the basic materials company’s stock valued at $4,789,000 after purchasing an additional 118,946 shares during the last quarter. 79.24% of the stock is currently owned by institutional investors and hedge funds.

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.