Tredegar Co. (NYSE:TG) Stock Holdings Lifted by HB Wealth Management LLC

HB Wealth Management LLC lifted its position in Tredegar Co. (NYSE:TG) by 198.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 89,580 shares of the basic materials company’s stock after acquiring an additional 59,575 shares during the quarter. HB Wealth Management LLC owned approximately 0.26% of Tredegar worth $429,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in shares of Tredegar by 190.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 3,807 shares in the last quarter. Cove Street Capital LLC grew its stake in Tredegar by 510.0% during the 4th quarter. Cove Street Capital LLC now owns 11,004 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 9,200 shares in the last quarter. Simplicity Wealth LLC acquired a new position in shares of Tredegar in the 2nd quarter valued at about $57,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Tredegar in the first quarter worth approximately $128,000. Finally, Heritage Wealth Advisors boosted its holdings in shares of Tredegar by 8,309.6% during the first quarter. Heritage Wealth Advisors now owns 20,183 shares of the basic materials company’s stock worth $132,000 after purchasing an additional 19,943 shares during the period. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Tredegar Trading Down 1.2 %

NYSE TG opened at $5.95 on Friday. The company has a market capitalization of $205.19 million, a PE ratio of -2.00 and a beta of 0.87. Tredegar Co. has a 1-year low of $3.98 and a 1-year high of $6.79. The company has a current ratio of 0.78, a quick ratio of 0.41 and a debt-to-equity ratio of 0.13. The firm’s fifty day simple moving average is $5.37 and its 200-day simple moving average is $5.48.

Wall Street Analysts Forecast Growth

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

Tredegar Company 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.