Tredegar Co. (NYSE:TG) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in shares of Tredegar Co. (NYSE:TG) by 30.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,335 shares of the basic materials company’s stock after acquiring an additional 3,144 shares during the quarter. SG Americas Securities LLC’s holdings in Tredegar were worth $102,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ritholtz Wealth Management acquired a new position in Tredegar in the fourth quarter valued at $356,000. JPMorgan Chase & Co. increased its stake in Tredegar by 23.0% in the third quarter. JPMorgan Chase & Co. now owns 68,240 shares of the basic materials company’s stock valued at $497,000 after purchasing an additional 12,777 shares during the period. Barclays PLC increased its stake in Tredegar by 25.0% in the third quarter. Barclays PLC now owns 133,827 shares of the basic materials company’s stock valued at $975,000 after purchasing an additional 26,757 shares during the period. Geode Capital Management LLC increased its stake in Tredegar by 1.4% in the third quarter. Geode Capital Management LLC now owns 581,762 shares of the basic materials company’s stock valued at $4,242,000 after purchasing an additional 7,812 shares during the period. Finally, State Street Corp increased 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 purchasing an additional 1,930 shares during the period. 79.24% of the stock is currently owned by institutional investors and hedge funds.

Tredegar Stock Down 2.8 %

Shares of NYSE TG opened at $7.87 on Thursday. Tredegar Co. has a 1 year low of $3.98 and a 1 year high of $9.22. The firm’s 50 day moving average price is $7.82 and its 200 day moving average price is $7.15. The firm has a market cap of $270.28 million, a P/E ratio of -9.96 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.42 and a current ratio of 0.79.

Analysts Set New Price Targets

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

Tredegar 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.