Barclays PLC Has $975,000 Position in Tredegar Co. (NYSE:TG)

Barclays PLC increased its stake in shares of Tredegar Co. (NYSE:TG) by 25.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 133,827 shares of the basic materials company’s stock after purchasing an additional 26,757 shares during the quarter. Barclays PLC owned approximately 0.39% of Tredegar worth $975,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. State Street Corp lifted its stake in 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 acquiring an additional 1,930 shares during the last quarter. MetLife Investment Management LLC acquired a new stake in Tredegar in the third quarter valued at approximately $112,000. BNP Paribas Financial Markets lifted its stake in Tredegar by 216.0% in the third quarter. BNP Paribas Financial Markets now owns 29,443 shares of the basic materials company’s stock valued at $215,000 after acquiring an additional 20,125 shares during the last quarter. FMR LLC lifted its stake in 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 acquiring an additional 5,833 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Tredegar in the third quarter worth $85,000. 79.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Tredegar Trading Down 1.6 %

Shares of TG stock opened at $7.56 on Tuesday. Tredegar Co. has a 1 year low of $3.98 and a 1 year high of $9.22. The firm’s fifty day simple moving average is $7.67 and its 200 day simple moving average is $6.53. The firm has a market capitalization of $259.77 million, a P/E ratio of -9.57 and a beta of 0.84. The company has a current ratio of 0.79, a quick ratio of 0.42 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.