Deutsche Bank AG Buys 6,719 Shares of Tredegar Co. (NYSE:TG)

Deutsche Bank AG raised its stake in Tredegar Co. (NYSE:TG) by 33.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,872 shares of the basic materials company’s stock after buying an additional 6,719 shares during the quarter. Deutsche Bank AG owned about 0.08% of Tredegar worth $206,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD bought a new stake in shares of Tredegar in the fourth quarter worth $80,000. D Orazio & Associates Inc. bought a new stake in shares of Tredegar in the fourth quarter worth $84,000. SG Americas Securities LLC lifted its position in shares of Tredegar by 30.9% in the fourth quarter. SG Americas Securities LLC now owns 13,335 shares of the basic materials company’s stock worth $102,000 after purchasing an additional 3,144 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Tredegar by 25.2% in the fourth quarter. Wells Fargo & Company MN now owns 15,935 shares of the basic materials company’s stock worth $122,000 after purchasing an additional 3,204 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Tredegar by 3.0% in the fourth quarter. Rhumbline Advisers now owns 44,253 shares of the basic materials company’s stock worth $340,000 after purchasing an additional 1,298 shares in the last quarter. Institutional investors own 79.24% of the company’s stock.

Analyst Upgrades and Downgrades

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

Tredegar Stock Performance

NYSE TG opened at $8.37 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 0.13. The firm’s fifty day moving average price is $7.77 and its two-hundred day moving average price is $7.70. Tredegar Co. has a 1 year low of $4.31 and a 1 year high of $9.22. The firm has a market capitalization of $292.30 million, a P/E ratio of -10.59 and a beta of 0.78.

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

Tredegar 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.