John Gottwald Sells 2,450 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder John Gottwald sold 2,450 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $8.02, for a total value of $19,649.00. Following the completion of the transaction, the insider owned 757,360 shares in the company, valued at $6,074,027.20. This represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Stock Performance

TG opened at $7.72 on Friday. Tredegar Corporation has a one year low of $6.45 and a one year high of $9.43. The stock has a market capitalization of $269.20 million, a PE ratio of -4.08 and a beta of 0.78. The business’s 50 day moving average price is $7.93 and its 200 day moving average price is $8.12.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Tredegar by 1,131.8% during the first quarter. GAMMA Investing LLC now owns 10,495 shares of the basic materials company’s stock worth $81,000 after purchasing an additional 9,643 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new stake in shares of Tredegar during the first quarter worth $131,000. Choreo LLC purchased a new stake in shares of Tredegar during the first quarter worth $241,000. Bank of New York Mellon Corp increased its position in shares of Tredegar by 4.5% during the first quarter. Bank of New York Mellon Corp now owns 76,074 shares of the basic materials company’s stock worth $586,000 after acquiring an additional 3,278 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Tredegar during the first quarter worth $509,000. 79.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tredegar in a report on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Tredegar Company Profile

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.