Tredegar Co. (NYSE:TG) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. decreased its stake in shares of Tredegar Co. (NYSE:TG) by 20.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 167,000 shares of the basic materials company’s stock after selling 41,700 shares during the period. Teton Advisors Inc.’s holdings in Tredegar were worth $903,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TG. Tower Research Capital LLC TRC grew its stake in Tredegar by 190.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the basic materials company’s stock worth $31,000 after buying an additional 3,807 shares during the period. Cove Street Capital LLC grew its stake in Tredegar by 510.0% during the fourth quarter. Cove Street Capital LLC now owns 11,004 shares of the basic materials company’s stock worth $60,000 after buying an additional 9,200 shares during the period. Trexquant Investment LP grew its stake in Tredegar by 5.9% during the fourth quarter. Trexquant Investment LP now owns 51,519 shares of the basic materials company’s stock worth $279,000 after buying an additional 2,891 shares during the period. Assenagon Asset Management S.A. grew its stake in Tredegar by 3.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 174,833 shares of the basic materials company’s stock worth $946,000 after buying an additional 6,483 shares during the period. Finally, SG Americas Securities LLC grew its stake in Tredegar by 29.9% during the fourth quarter. SG Americas Securities LLC now owns 14,922 shares of the basic materials company’s stock worth $81,000 after buying an additional 3,437 shares during the period. Institutional investors and hedge funds own 79.24% of the company’s stock.

Tredegar Trading Up 0.5 %

TG traded up $0.03 during trading on Thursday, hitting $6.36. 72,091 shares of the company’s stock were exchanged, compared to its average volume of 142,234. The company has a current ratio of 0.71, a quick ratio of 0.38 and a debt-to-equity ratio of 0.13. Tredegar Co. has a 1 year low of $3.98 and a 1 year high of $9.53. The stock has a 50 day moving average price of $5.64 and a 200 day moving average price of $5.14. The firm has a market cap of $218.97 million, a P/E ratio of -2.06 and a beta of 0.97.

Tredegar (NYSE:TG) last announced its earnings results on Friday, March 15th. The basic materials company reported ($0.01) earnings per share for the quarter. The firm had revenue of $166.99 million during the quarter. Tredegar had a negative net margin of 15.08% and a negative return on equity of 2.72%.

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.