Barclays PLC increased its position in shares of Tredegar Co. (NYSE:TG – Free Report) by 25.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 133,827 shares of the basic materials company’s stock after buying an additional 26,757 shares during the quarter. Barclays PLC’s holdings in Tredegar were worth $975,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently added to or reduced their stakes in TG. Gladius Capital Management LP purchased a new position in shares of Tredegar during the third quarter worth about $40,000. FMR LLC lifted its position in Tredegar by 161.5% during the 3rd quarter. FMR LLC now owns 9,445 shares of the basic materials company’s stock worth $69,000 after acquiring an additional 5,833 shares during the period. AQR Capital Management LLC purchased a new position in shares of Tredegar in the 2nd quarter valued at approximately $49,000. SG Americas Securities LLC acquired a new position in shares of Tredegar in the third quarter valued at approximately $74,000. Finally, XTX Topco Ltd purchased a new stake in shares of Tredegar during the second quarter worth approximately $49,000. Institutional investors and hedge funds own 79.24% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut shares of Tredegar from a “buy” rating to a “hold” rating in a research note on Tuesday, December 31st.
Tredegar Trading Up 1.3 %
NYSE TG opened at $7.77 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.79 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $266.98 million, a P/E ratio of -9.84 and a beta of 0.81. Tredegar Co. has a 52-week low of $3.98 and a 52-week high of $9.22. The firm has a 50-day moving average price of $7.62 and a 200 day moving average price of $6.76.
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.
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