JPMorgan Chase & Co. Grows Stock Holdings in Tredegar Co. (NYSE:TG)

JPMorgan Chase & Co. lifted its stake in shares of Tredegar Co. (NYSE:TG) by 23.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,240 shares of the basic materials company’s stock after acquiring an additional 12,777 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.20% of Tredegar worth $497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Gladius Capital Management LP bought a new stake in shares of Tredegar in the 3rd quarter valued at about $40,000. AQR Capital Management LLC bought a new position in Tredegar in the second quarter worth approximately $49,000. XTX Topco Ltd purchased a new stake in Tredegar during the second quarter worth $49,000. FMR LLC boosted its position in Tredegar by 161.5% during the 3rd 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 in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Tredegar in the 3rd quarter valued at $74,000. Institutional investors own 79.24% of the company’s stock.

Analyst Ratings Changes

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

Tredegar Trading Up 0.9 %

NYSE TG opened at $7.75 on Wednesday. Tredegar Co. has a 52 week low of $3.98 and a 52 week high of $9.22. The company has a 50 day moving average price of $7.67 and a 200 day moving average price of $7.00. The company has a quick ratio of 0.42, a current ratio of 0.79 and a debt-to-equity ratio of 0.13. The firm has a market cap of $266.29 million, a PE ratio of -9.81 and a beta of 0.81.

Tredegar (NYSE:TG) last issued its quarterly earnings data on Friday, November 8th. The basic materials company reported $0.01 EPS for the quarter. Tredegar had a positive return on equity of 10.10% and a negative net margin of 3.84%. The firm had revenue of $182.05 million during the quarter.

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.