D. E. Shaw & Co. Inc. Sells 36,399 Shares of Tredegar Co. (NYSE:TG)

D. E. Shaw & Co. Inc. lowered its stake in shares of Tredegar Co. (NYSE:TG) by 15.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 192,200 shares of the basic materials company’s stock after selling 36,399 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.56% of Tredegar worth $1,476,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in Tredegar by 23.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 68,240 shares of the basic materials company’s stock worth $497,000 after acquiring an additional 12,777 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Tredegar by 30.9% during the 4th quarter. SG Americas Securities LLC now owns 13,335 shares of the basic materials company’s stock valued at $102,000 after buying an additional 3,144 shares in the last quarter. D Orazio & Associates Inc. bought a new position in Tredegar in the 4th quarter worth approximately $84,000. Rhumbline Advisers grew its stake in Tredegar by 3.0% in the 4th quarter. Rhumbline Advisers now owns 44,253 shares of the basic materials company’s stock valued at $340,000 after buying an additional 1,298 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Tredegar by 35.0% during the 4th quarter. American Century Companies Inc. now owns 503,066 shares of the basic materials company’s stock valued at $3,864,000 after acquiring an additional 130,291 shares during the period. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Tredegar Stock Performance

Shares of TG opened at $8.24 on Friday. The stock has a 50-day moving average price of $7.68 and a 200-day moving average price of $7.67. The company has a market cap of $287.76 million, a PE ratio of -10.43 and a beta of 0.78. Tredegar Co. has a 12-month low of $4.31 and a 12-month high of $9.22. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 0.13.

Tredegar (NYSE:TG) last posted its quarterly earnings results on Thursday, May 8th. The basic materials company reported $0.10 earnings per share for the quarter. The business had revenue of $164.73 million during the quarter. Tredegar had a negative net margin of 3.84% and a positive return on equity of 10.10%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Tredegar from a “buy” rating to a “hold” rating in a report on Friday, May 9th.

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.