Connor Clark & Lunn Investment Management Ltd. Has $434,000 Position in Tredegar Co. (NYSE:TG)

Connor Clark & Lunn Investment Management Ltd. lessened its stake in shares of Tredegar Co. (NYSE:TG) by 39.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 59,524 shares of the basic materials company’s stock after selling 38,587 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.17% of Tredegar worth $434,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gladius Capital Management LP acquired a new position in Tredegar in the 3rd quarter valued at $40,000. AQR Capital Management LLC bought a new stake in shares of Tredegar in the second quarter valued at about $49,000. SG Americas Securities LLC acquired a new position in shares of Tredegar in the third quarter valued at about $74,000. XTX Topco Ltd bought a new position in Tredegar during the second quarter worth about $49,000. Finally, Simplicity Wealth LLC acquired a new stake in Tredegar in the 2nd quarter worth about $57,000. Institutional investors own 79.24% of the company’s stock.

Tredegar Price Performance

Tredegar stock opened at $7.17 on Friday. The firm has a market cap of $246.36 million, a PE ratio of -9.08 and a beta of 0.88. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.79 and a quick ratio of 0.42. The stock’s fifty day moving average price is $7.46 and its two-hundred day moving average price is $6.20. Tredegar Co. has a one year low of $3.98 and a one year high of $9.22.

Tredegar 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.