Bank of New York Mellon Corp Increases Stock Position in Tredegar Co. (NYSE:TG)

Bank of New York Mellon Corp lifted its holdings in Tredegar Co. (NYSE:TG) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 94,353 shares of the basic materials company’s stock after purchasing an additional 3,246 shares during the period. Bank of New York Mellon Corp owned about 0.27% of Tredegar worth $452,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TG. Simplicity Wealth LLC bought a new stake in shares of Tredegar during the second quarter valued at approximately $57,000. Cove Street Capital LLC grew its holdings in shares of Tredegar by 510.0% in the fourth quarter. Cove Street Capital LLC now owns 11,004 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 9,200 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of Tredegar in the first quarter valued at $128,000. Heritage Wealth Advisors grew its holdings in shares of Tredegar by 8,309.6% in the first quarter. Heritage Wealth Advisors now owns 20,183 shares of the basic materials company’s stock valued at $132,000 after purchasing an additional 19,943 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Tredegar during the first quarter worth $156,000. Institutional investors own 79.24% of the company’s stock.

Tredegar Stock Up 1.8 %

NYSE TG opened at $7.21 on Wednesday. The firm has a market capitalization of $248.64 million, a price-to-earnings ratio of -2.43 and a beta of 0.89. Tredegar Co. has a 52 week low of $3.98 and a 52 week high of $7.33. The company has a quick ratio of 0.41, a current ratio of 0.78 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $5.94 and a two-hundred day moving average of $5.74.

Tredegar (NYSE:TG) last released its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.30 earnings per share for the quarter. The firm had revenue of $190.56 million during the quarter. Tredegar had a positive return on equity of 6.82% and a negative net margin of 10.56%.

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.