BNP Paribas Financial Markets Acquires 20,125 Shares of Tredegar Co. (NYSE:TG)

BNP Paribas Financial Markets raised its stake in shares of Tredegar Co. (NYSE:TG) by 216.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,443 shares of the basic materials company’s stock after purchasing an additional 20,125 shares during the quarter. BNP Paribas Financial Markets owned 0.09% of Tredegar worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Gladius Capital Management LP acquired a new stake in shares of Tredegar during the third quarter worth approximately $40,000. XTX Topco Ltd acquired a new stake in Tredegar during the 2nd quarter valued at $49,000. AQR Capital Management LLC bought a new position in Tredegar in the 2nd quarter valued at $49,000. FMR LLC increased its stake in shares of Tredegar by 161.5% in the third quarter. FMR LLC now owns 9,445 shares of the basic materials company’s stock valued at $69,000 after buying an additional 5,833 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Tredegar during the 3rd quarter worth about $74,000. 79.24% of the stock is currently owned by institutional investors.

Tredegar Price Performance

TG opened at $8.13 on Tuesday. The company’s 50 day simple moving average is $7.62 and its 200-day simple moving average is $6.38. Tredegar Co. has a one year low of $3.98 and a one year high of $9.22. 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 has a market capitalization of $279.18 million, a P/E ratio of -10.28 and a beta of 0.84.

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.