Tredegar Co. (NYSE:TG) Shares Sold by LSV Asset Management

LSV Asset Management lessened its position in Tredegar Co. (NYSE:TG) by 7.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 267,800 shares of the basic materials company’s stock after selling 21,200 shares during the period. LSV Asset Management owned approximately 0.78% of Tredegar worth $1,449,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Minerva Advisors LLC boosted its position in shares of Tredegar by 65.3% during the 3rd quarter. Minerva Advisors LLC now owns 990,549 shares of the basic materials company’s stock worth $5,359,000 after purchasing an additional 391,262 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Tredegar during the third quarter worth about $911,000. Gamco Investors INC. ET AL grew its position in Tredegar by 4.1% during the third quarter. Gamco Investors INC. ET AL now owns 4,283,393 shares of the basic materials company’s stock worth $23,173,000 after buying an additional 167,185 shares during the period. Acadian Asset Management LLC increased its holdings in Tredegar by 318.5% in the third quarter. Acadian Asset Management LLC now owns 138,927 shares of the basic materials company’s stock valued at $750,000 after buying an additional 105,729 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Tredegar during the 3rd quarter valued at approximately $490,000. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Tredegar Stock Performance

NYSE TG opened at $6.43 on Friday. The business has a 50 day moving average price of $5.87 and a 200 day moving average price of $5.19. The company has a market capitalization of $221.39 million, a P/E ratio of -2.07 and a beta of 0.97. Tredegar Co. has a 1-year low of $3.98 and a 1-year high of $8.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.71 and a quick ratio of 0.38.

Tredegar (NYSE:TG) last released its quarterly earnings results on Friday, March 15th. The basic materials company reported ($0.01) EPS for the quarter. The business had revenue of $166.99 million during the quarter. Tredegar had a negative net margin of 15.08% and a negative return on equity of 2.72%.

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.