Gamco Investors INC. ET AL boosted its position in Tredegar Corporation (NYSE:TG – Free Report) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,302,684 shares of the basic materials company’s stock after acquiring an additional 311,833 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.18% of Tredegar worth $45,253,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Gabelli Funds LLC grew its stake in Tredegar by 3.9% in the 4th quarter. Gabelli Funds LLC now owns 1,214,000 shares of the basic materials company’s stock valued at $8,717,000 after buying an additional 45,452 shares during the last quarter. Bailard Inc. grew its stake in Tredegar by 7.0% in the 4th quarter. Bailard Inc. now owns 36,956 shares of the basic materials company’s stock valued at $265,000 after buying an additional 2,425 shares during the last quarter. Strs Ohio grew its stake in Tredegar by 5.5% in the 4th quarter. Strs Ohio now owns 52,000 shares of the basic materials company’s stock valued at $373,000 after buying an additional 2,700 shares during the last quarter. Torren Management LLC acquired a new position in Tredegar in the 4th quarter valued at $32,000. Finally, Inscription Capital LLC acquired a new position in Tredegar in the 4th quarter valued at $122,000. 79.24% of the stock is currently owned by institutional investors and hedge funds.
Tredegar Price Performance
NYSE TG opened at $7.94 on Monday. The firm has a market capitalization of $278.02 million, a price-to-earnings ratio of 9.45 and a beta of 0.82. The company’s fifty day moving average is $8.56 and its two-hundred day moving average is $8.22. Tredegar Corporation has a 52-week low of $6.25 and a 52-week high of $10.53.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of Tredegar from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
Read Our Latest Research Report on Tredegar
Insiders Place Their Bets
In other Tredegar news, major shareholder James T. Gottwald sold 28,787 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $8.99, for a total value of $258,795.13. Following the sale, the insider directly owned 541,446 shares in the company, valued at $4,867,599.54. This trade represents a 5.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder John D. Gottwald sold 4,814 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was 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 disclosure for this sale is available in the SEC filing. Insiders have sold 120,170 shares of company stock worth $1,076,100 in the last ninety days. Insiders own 2.50% of the company’s stock.
Tredegar Company Profile
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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