Tredegar Corporation (TG) Position Held by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky held its position in shares of Tredegar Corporation (NYSE:TG) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,000 shares of the basic materials company’s stock at the end of the second quarter. Teachers Retirement System of The State of Kentucky’s holdings in Tredegar Corporation were worth $153,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its stake in Tredegar Corporation by 56.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,141 shares of the basic materials company’s stock valued at $139,000 after acquiring an additional 3,286 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in Tredegar Corporation by 85.8% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,720 shares of the basic materials company’s stock valued at $164,000 after acquiring an additional 4,950 shares in the last quarter. Arizona State Retirement System grew its stake in Tredegar Corporation by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 13,284 shares of the basic materials company’s stock valued at $203,000 after acquiring an additional 100 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in Tredegar Corporation by 6.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 15,430 shares of the basic materials company’s stock valued at $235,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Texas Permanent School Fund grew its stake in Tredegar Corporation by 1.1% during the 2nd quarter. Texas Permanent School Fund now owns 18,570 shares of the basic materials company’s stock valued at $283,000 after acquiring an additional 193 shares in the last quarter. 62.67% of the stock is currently owned by institutional investors.

In related news, major shareholder Gamco Investors, Inc. Et Al sold 1,500 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $18.25, for a total transaction of $27,375.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.59% of the stock is currently owned by company insiders.

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TG has been the topic of several research analyst reports. TheStreet raised Tredegar Corporation from a “c+” rating to a “b-” rating in a research note on Friday, August 25th. BidaskClub upgraded Tredegar Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th.

Shares of Tredegar Corporation (NYSE TG) opened at 19.50 on Monday. The firm has a market capitalization of $642.72 million, a price-to-earnings ratio of 10.42 and a beta of 1.73. Tredegar Corporation has a one year low of $14.65 and a one year high of $25.60. The stock’s 50 day moving average price is $18.16 and its 200 day moving average price is $16.60.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 1st. Investors of record on Friday, September 15th were issued a dividend of $0.11 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.26%. Tredegar Corporation’s payout ratio is presently 23.53%.

About Tredegar Corporation

Tredegar Corporation is engaged in the manufacture of polyethylene plastic films, polyester films and aluminum extrusions. The Company’s segments are PE Films, Flexible Packaging Films and Aluminum Extrusions. The PE Films segment manufactures plastic films, elastics and laminate materials utilized in personal care materials, surface protection films and specialty and optical lighting applications.

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Institutional Ownership by Quarter for Tredegar Corporation (NYSE:TG)

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