MetLife Investment Management LLC Has $118,000 Stake in Tredegar Corporation $TG

MetLife Investment Management LLC increased its position in Tredegar Corporation (NYSE:TG) by 25.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 15,268 shares of the basic materials company’s stock after purchasing an additional 3,145 shares during the period. MetLife Investment Management LLC’s holdings in Tredegar were worth $118,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Tredegar by 1,131.8% in the 1st quarter. GAMMA Investing LLC now owns 10,495 shares of the basic materials company’s stock worth $81,000 after purchasing an additional 9,643 shares during the period. Northern Trust Corp boosted its stake in shares of Tredegar by 3.8% during the 4th quarter. Northern Trust Corp now owns 233,068 shares of the basic materials company’s stock valued at $1,790,000 after buying an additional 8,459 shares during the period. Bank of America Corp DE boosted its stake in shares of Tredegar by 691.9% during the 4th 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 buying an additional 2,528,530 shares during the period. Deutsche Bank AG boosted its stake in shares of Tredegar by 33.3% during the 4th quarter. Deutsche Bank AG now owns 26,872 shares of the basic materials company’s stock valued at $206,000 after buying an additional 6,719 shares during the period. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Tredegar during the 4th quarter valued at $80,000. Institutional investors and hedge funds own 79.24% of the company’s stock.

Tredegar Stock Down 2.0%

Shares of NYSE:TG opened at $7.72 on Wednesday. The firm has a fifty day moving average of $8.31 and a two-hundred day moving average of $8.04. The firm has a market capitalization of $269.35 million, a P/E ratio of -4.08 and a beta of 0.82. Tredegar Corporation has a 12-month low of $5.93 and a 12-month high of $9.43.

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

Insider Transactions at Tredegar

In other news, major shareholder William M. Gottwald sold 7,051 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $8.43, for a total transaction of $59,439.93. Following the completion of the sale, the insider directly owned 781,508 shares of the company’s stock, valued at $6,588,112.44. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder John D. Gottwald sold 7,168 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $8.43, for a total value of $60,426.24. Following the sale, the insider directly owned 781,507 shares of the company’s stock, valued at $6,588,104.01. This trade represents a 0.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,298 shares of company stock valued at $207,169 over the last ninety days. Company insiders own 5.80% of the company’s stock.

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.