Trexquant Investment LP Raises Stock Position in Tredegar Co. (NYSE:TG)

Trexquant Investment LP increased its holdings in Tredegar Co. (NYSE:TGFree Report) by 5.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,519 shares of the basic materials company’s stock after acquiring an additional 2,891 shares during the quarter. Trexquant Investment LP owned approximately 0.15% of Tredegar worth $279,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Assenagon Asset Management S.A. increased its holdings in shares of Tredegar by 3.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 174,833 shares of the basic materials company’s stock valued at $946,000 after acquiring an additional 6,483 shares during the period. SG Americas Securities LLC increased its holdings in shares of Tredegar by 29.9% in the 4th quarter. SG Americas Securities LLC now owns 14,922 shares of the basic materials company’s stock valued at $81,000 after acquiring an additional 3,437 shares during the period. Minerva Advisors LLC increased its holdings in shares of Tredegar by 65.3% in the 3rd quarter. Minerva Advisors LLC now owns 990,549 shares of the basic materials company’s stock valued at $5,359,000 after acquiring an additional 391,262 shares during the period. London Co. of Virginia increased its holdings in shares of Tredegar by 2.1% in the 3rd quarter. London Co. of Virginia now owns 238,348 shares of the basic materials company’s stock valued at $1,289,000 after acquiring an additional 4,819 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Tredegar in the 3rd quarter valued at $490,000. 79.24% of the stock is owned by institutional investors and hedge funds.

Tredegar Price Performance

Shares of TG opened at $5.41 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.73 and a quick ratio of 0.37. The company’s fifty day moving average is $6.17 and its two-hundred day moving average is $5.33. Tredegar Co. has a 1 year low of $3.98 and a 1 year high of $7.80.

Tredegar (NYSE:TGGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $175.74 million for the quarter. Tredegar had a negative net margin of 14.79% and a negative return on equity of 1.01%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Tredegar from a “hold” rating to a “buy” rating in a research note on Friday, May 10th.

Check Out Our Latest Stock Report on Tredegar

Tredegar Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tredegar (NYSE:TG)

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