Jane Street Group LLC Sells 5,980 Shares of Tredegar Co. (NYSE:TG)

Jane Street Group LLC lowered its stake in shares of Tredegar Co. (NYSE:TG) by 26.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,904 shares of the basic materials company’s stock after selling 5,980 shares during the quarter. Jane Street Group LLC’s holdings in Tredegar were worth $123,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TG. Gladius Capital Management LP acquired a new position in shares of Tredegar in the third quarter valued at $40,000. XTX Topco Ltd bought a new stake in Tredegar in the 2nd quarter valued at $49,000. AQR Capital Management LLC bought a new stake in Tredegar in the 2nd quarter valued at $49,000. FMR LLC raised its stake in shares of Tredegar by 161.5% in the 3rd 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 bought a new position in shares of Tredegar during the 3rd quarter worth about $74,000. 79.24% of the stock is currently owned by institutional investors and hedge funds.

Tredegar Trading Up 1.3 %

Shares of TG opened at $7.77 on Wednesday. The stock has a 50 day simple moving average of $7.62 and a 200-day simple moving average of $6.76. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 0.13. The stock has a market cap of $266.98 million, a PE ratio of -9.84 and a beta of 0.81. Tredegar Co. has a 1 year low of $3.98 and a 1 year high of $9.22.

Analyst Ratings Changes

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

Tredegar Company 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.