James Gottwald Sells 4,461 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) major shareholder James Gottwald sold 4,461 shares of Tredegar stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $8.80, for a total transaction of $39,256.80. Following the completion of the transaction, the insider owned 578,483 shares in the company, valued at $5,090,650.40. This trade represents a 0.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Price Performance

TG stock opened at $9.00 on Thursday. The stock has a market capitalization of $314.19 million, a price-to-earnings ratio of -5.70 and a beta of 0.65. The company has a 50-day moving average of $8.23 and a two-hundred day moving average of $7.87. Tredegar Corporation has a 52-week low of $6.25 and a 52-week high of $9.43.

Hedge Funds Weigh In On Tredegar

A number of hedge funds have recently bought and sold shares of TG. Gamco Investors INC. ET AL boosted its holdings in Tredegar by 5.2% in the 4th quarter. Gamco Investors INC. ET AL now owns 6,302,684 shares of the basic materials company’s stock valued at $45,253,000 after purchasing an additional 311,833 shares during the period. Vanguard Group Inc. increased its stake in Tredegar by 8.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,512,840 shares of the basic materials company’s stock worth $12,148,000 after acquiring an additional 117,298 shares during the period. Gabelli Funds LLC increased its stake in Tredegar by 3.9% during the 4th quarter. Gabelli Funds LLC now owns 1,214,000 shares of the basic materials company’s stock worth $8,717,000 after acquiring an additional 45,452 shares during the period. Geode Capital Management LLC raised its holdings in Tredegar by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 642,115 shares of the basic materials company’s stock valued at $4,611,000 after acquiring an additional 21,320 shares in the last quarter. Finally, State Street Corp raised its stake in Tredegar by 1.9% in the fourth quarter. State Street Corp now owns 610,289 shares of the basic materials company’s stock valued at $4,382,000 after purchasing an additional 11,205 shares in the last quarter. 79.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TG has been the subject of a number of research reports. Weiss Ratings reiterated 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 report on Saturday, November 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Tredegar has a consensus rating of “Sell”.

About Tredegar

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.