Fmr LLC Increases Stock Position in Tredegar Co. (NYSE:TG)

Fmr LLC boosted its holdings in shares of Tredegar Co. (NYSE:TG) by 161.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,445 shares of the basic materials company’s stock after buying an additional 5,833 shares during the quarter. Fmr LLC’s holdings in Tredegar were worth $69,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Gabelli Funds LLC lifted its holdings in shares of Tredegar by 26.9% during the 2nd quarter. Gabelli Funds LLC now owns 831,500 shares of the basic materials company’s stock valued at $3,983,000 after purchasing an additional 176,091 shares during the last quarter. American Century Companies Inc. boosted its stake in Tredegar by 66.5% in the 2nd quarter. American Century Companies Inc. now owns 368,376 shares of the basic materials company’s stock worth $1,765,000 after purchasing an additional 147,158 shares in the last quarter. Acadian Asset Management LLC increased its stake in Tredegar by 2.3% during the 2nd quarter. Acadian Asset Management LLC now owns 184,828 shares of the basic materials company’s stock valued at $884,000 after purchasing an additional 4,240 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of Tredegar by 198.6% in the second quarter. HB Wealth Management LLC now owns 89,580 shares of the basic materials company’s stock worth $429,000 after buying an additional 59,575 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Tredegar by 3.6% during the second quarter. Bank of New York Mellon Corp now owns 94,353 shares of the basic materials company’s stock worth $452,000 after buying an additional 3,246 shares during the period. Institutional investors own 79.24% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Tredegar from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th.

Tredegar Stock Up 1.0 %

TG stock opened at $7.74 on Wednesday. The stock has a market capitalization of $265.95 million, a P/E ratio of -9.80 and a beta of 0.84. Tredegar Co. has a 52 week low of $3.98 and a 52 week high of $9.22. The firm has a 50-day simple moving average of $7.68 and a 200-day simple moving average of $6.48. The company has a quick ratio of 0.42, a current ratio of 0.79 and a debt-to-equity ratio of 0.13.

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.