Barclays PLC Purchases 1,414 Shares of Tredegar Co. (NYSE:TG)

Barclays PLC boosted its position in Tredegar Co. (NYSE:TG) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 135,241 shares of the basic materials company’s stock after purchasing an additional 1,414 shares during the period. Barclays PLC owned approximately 0.39% of Tredegar worth $1,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of TG. American Century Companies Inc. grew its position in shares of Tredegar by 35.0% during the 4th quarter. American Century Companies Inc. now owns 503,066 shares of the basic materials company’s stock worth $3,864,000 after buying an additional 130,291 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Tredegar by 608.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 151,269 shares of the basic materials company’s stock worth $1,162,000 after buying an additional 129,909 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Tredegar by 569.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 99,167 shares of the basic materials company’s stock valued at $762,000 after acquiring an additional 84,363 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Tredegar by 100.3% during the 4th quarter. JPMorgan Chase & Co. now owns 136,663 shares of the basic materials company’s stock valued at $1,050,000 after purchasing an additional 68,423 shares during the last quarter. Finally, Ritholtz Wealth Management purchased a new position in Tredegar during the 4th quarter worth $356,000. 79.24% of the stock is owned by institutional investors.

Tredegar Price Performance

Shares of NYSE TG opened at $8.05 on Tuesday. The firm has a market cap of $278.83 million, a P/E ratio of -10.18 and a beta of 0.78. Tredegar Co. has a 52 week low of $4.31 and a 52 week high of $9.22. The business’s 50 day moving average price is $7.40 and its 200 day moving average price is $7.63. The company has a quick ratio of 0.42, a current ratio of 0.79 and a debt-to-equity ratio of 0.13.

Tredegar (NYSE:TG) last announced its quarterly earnings results on Wednesday, March 12th. The basic materials company reported $0.06 earnings per share for the quarter. Tredegar had a positive return on equity of 10.10% and a negative net margin of 3.84%. The company had revenue of $154.05 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Tredegar from a “hold” rating to a “buy” rating in a report on Monday, March 24th.

About Tredegar

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.