Tower Research Capital LLC TRC Has $187,000 Stake in Tredegar Co. (NYSE:TG)

Tower Research Capital LLC TRC increased its stake in shares of Tredegar Co. (NYSE:TG – Get Rating) by 160.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 19,816 shares of the basic materials company’s stock after acquiring an additional 12,216 shares during the period. Tower Research Capital LLC TRC owned 0.06% of Tredegar worth $187,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Citigroup Inc. increased its holdings in shares of Tredegar by 9.4% during the 1st quarter. Citigroup Inc. now owns 22,624 shares of the basic materials company’s stock valued at $271,000 after acquiring an additional 1,942 shares during the last quarter. Captrust Financial Advisors grew its holdings in Tredegar by 111.0% in the 1st quarter. Captrust Financial Advisors now owns 3,977 shares of the basic materials company’s stock valued at $48,000 after buying an additional 2,092 shares during the last quarter. Rhumbline Advisers grew its holdings in Tredegar by 3.7% in the 1st quarter. Rhumbline Advisers now owns 72,819 shares of the basic materials company’s stock valued at $873,000 after buying an additional 2,592 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Tredegar by 70.7% in the 2nd quarter. Lazard Asset Management LLC now owns 6,560 shares of the basic materials company’s stock valued at $65,000 after buying an additional 2,717 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Tredegar by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,108 shares of the basic materials company’s stock valued at $265,000 after buying an additional 2,726 shares during the last quarter. Institutional investors and hedge funds own 61.82% of the company’s stock.

Tredegar Stock Performance

TG opened at $11.51 on Wednesday. The firm has a market capitalization of $391.35 million, a P/E ratio of 7.24 and a beta of 0.95. The stock’s 50 day moving average price is $11.55 and its two-hundred day moving average price is $10.77. The company has a quick ratio of 0.84, a current ratio of 1.53 and a debt-to-equity ratio of 0.60. Tredegar Co. has a 12-month low of $9.43 and a 12-month high of $13.15.

Analyst Ratings Changes

Separately, StockNews.com lowered Tredegar from a “buy” rating to a “hold” rating in a report on Monday, November 14th.

Tredegar Profile

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Tredegar Corp. engages in the manufacture of polyethylene (PE) plastic films, polyester films, and aluminum extrusions. It operates through the following segments: 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.