Tredegar (NYSE:TG) Stock Rating Upgraded by StockNews.com

Tredegar (NYSE:TG) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Tredegar Price Performance

TG stock opened at $6.99 on Wednesday. The firm’s 50-day moving average price is $7.83 and its two-hundred day moving average price is $7.39. Tredegar has a 12-month low of $3.98 and a 12-month high of $9.22. The stock has a market capitalization of $240.18 million, a price-to-earnings ratio of -8.85 and a beta of 0.81. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 0.13.

Institutional Investors Weigh In On Tredegar

Several hedge funds have recently bought and sold shares of TG. Bank of America Corp DE lifted its stake in shares of Tredegar by 691.9% in the fourth quarter. Bank of America Corp DE now owns 2,893,980 shares of the basic materials company’s stock worth $22,226,000 after buying an additional 2,528,530 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Tredegar by 10.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 5,623,809 shares of the basic materials company’s stock worth $43,191,000 after buying an additional 513,415 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Tredegar by 35.0% in the fourth quarter. American Century Companies Inc. now owns 503,066 shares of the basic materials company’s stock worth $3,864,000 after buying an additional 130,291 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Tredegar by 608.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 151,269 shares of the basic materials company’s stock worth $1,162,000 after buying an additional 129,909 shares in the last quarter. Finally, Gabelli Funds LLC lifted its stake in shares of Tredegar by 13.2% in the fourth quarter. Gabelli Funds LLC now owns 1,062,415 shares of the basic materials company’s stock worth $8,159,000 after buying an additional 124,115 shares in the last quarter. Institutional investors own 79.24% of the company’s stock.

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.