Acadian Asset Management LLC Purchases New Shares in Tredegar Co. (NYSE:TG)

Acadian Asset Management LLC purchased a new stake in Tredegar Co. (NYSE:TG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 33,198 shares of the basic materials company’s stock, valued at approximately $221,000. Acadian Asset Management LLC owned 0.10% of Tredegar at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in Tredegar by 362.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,784 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 2,182 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Tredegar by 243.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,445 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 3,149 shares during the period. Ellevest Inc. lifted its position in shares of Tredegar by 138.0% during the 1st quarter. Ellevest Inc. now owns 4,768 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 2,765 shares during the period. Captrust Financial Advisors lifted its position in shares of Tredegar by 111.0% during the 1st quarter. Captrust Financial Advisors now owns 3,977 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 2,092 shares during the period. Finally, UBS Group AG lifted its position in shares of Tredegar by 98.6% during the 3rd quarter. UBS Group AG now owns 6,588 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 3,271 shares during the period. 58.69% of the stock is currently owned by institutional investors.

Tredegar Price Performance

Tredegar stock opened at $4.88 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.11 and a current ratio of 1.78. Tredegar Co. has a 52 week low of $4.35 and a 52 week high of $12.51. The stock has a market capitalization of $167.92 million, a P/E ratio of -2.25 and a beta of 0.90. The stock has a fifty day moving average of $5.04 and a 200-day moving average of $6.05.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. StockNews.com upgraded Tredegar from a “sell” rating to a “hold” rating in a research report on Thursday. TheStreet downgraded Tredegar from a “c” rating to a “d” rating in a research report on Thursday, August 10th.

Tredegar Company Profile

Tredegar Corporation, through its subsidiaries, 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 fabricated aluminum extrusions to fabricators and distributors.