Atria Wealth Solutions Inc. Takes Position in Tredegar Corporation $TG

Atria Wealth Solutions Inc. acquired a new stake in shares of Tredegar Corporation (NYSE:TG) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,000 shares of the basic materials company’s stock, valued at approximately $131,000.

Several other institutional investors have also recently made changes to their positions in TG. Bank of America Corp DE raised its holdings in shares of Tredegar by 691.9% during the fourth quarter. Bank of America Corp DE now owns 2,893,980 shares of the basic materials company’s stock valued at $22,226,000 after purchasing an additional 2,528,530 shares during the period. CastleKnight Management LP raised its holdings in shares of Tredegar by 137.5% in the 4th quarter. CastleKnight Management LP now owns 214,300 shares of the basic materials company’s stock worth $1,646,000 after acquiring an additional 124,079 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Tredegar by 100.3% in the 4th quarter. JPMorgan Chase & Co. now owns 136,663 shares of the basic materials company’s stock worth $1,050,000 after acquiring an additional 68,423 shares during the last quarter. Choreo LLC acquired a new stake in shares of Tredegar in the 1st quarter worth about $241,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Tredegar in the 4th quarter worth about $80,000. Institutional investors and hedge funds own 79.24% of the company’s stock.

Tredegar Price Performance

TG opened at $7.31 on Monday. Tredegar Corporation has a fifty-two week low of $5.63 and a fifty-two week high of $9.43. The firm has a market capitalization of $255.05 million, a PE ratio of -3.87 and a beta of 0.83. The company’s 50-day moving average is $8.66 and its 200 day moving average is $8.07.

Tredegar (NYSE:TG) last posted its earnings results on Friday, August 8th. The basic materials company reported $0.05 earnings per share for the quarter. Tredegar had a negative net margin of 9.51% and a positive return on equity of 4.17%. The company had revenue of $180.50 million for the quarter.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Tredegar news, major shareholder John D. Gottwald sold 7,168 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $8.43, for a total value of $60,426.24. Following the completion of the sale, the insider owned 781,507 shares in the company, valued at approximately $6,588,104.01. This trade represents a 0.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder William M. Gottwald sold 7,051 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $8.43, for a total transaction of $59,439.93. Following the completion of the sale, the insider owned 781,508 shares of the company’s stock, valued at approximately $6,588,112.44. This trade represents a 0.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,298 shares of company stock valued at $207,169. Company insiders own 5.80% of the company’s stock.

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.