Geode Capital Management LLC Has $4.24 Million Holdings in Tredegar Co. (NYSE:TG)

Geode Capital Management LLC boosted its holdings in Tredegar Co. (NYSE:TG) by 1.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 581,762 shares of the basic materials company’s stock after acquiring an additional 7,812 shares during the quarter. Geode Capital Management LLC owned 1.69% of Tredegar worth $4,242,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Barclays PLC lifted its stake in Tredegar by 25.0% during the 3rd quarter. Barclays PLC now owns 133,827 shares of the basic materials company’s stock valued at $975,000 after acquiring an additional 26,757 shares in the last quarter. State Street Corp raised its holdings in shares of Tredegar by 0.3% in the third quarter. State Street Corp now owns 587,254 shares of the basic materials company’s stock valued at $4,281,000 after purchasing an additional 1,930 shares during the last quarter. MetLife Investment Management LLC bought a new position in shares of Tredegar during the third quarter valued at about $112,000. BNP Paribas Financial Markets boosted its holdings in Tredegar by 216.0% during the third quarter. BNP Paribas Financial Markets now owns 29,443 shares of the basic materials company’s stock worth $215,000 after purchasing an additional 20,125 shares during the last quarter. Finally, FMR LLC grew its position in Tredegar by 161.5% in the 3rd quarter. FMR LLC now owns 9,445 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 5,833 shares in the last quarter. Institutional investors and hedge funds own 79.24% of the company’s stock.

Tredegar Stock Performance

Shares of Tredegar stock opened at $7.87 on Monday. The business’s fifty day simple moving average is $7.67 and its 200 day simple moving average is $6.63. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 0.13. Tredegar Co. has a 12 month low of $3.98 and a 12 month high of $9.22. The firm has a market capitalization of $270.42 million, a P/E ratio of -9.96 and a beta of 0.81.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Tredegar from a “buy” rating to a “hold” rating in a research report on Tuesday, December 31st.

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.