Tredegar Co. (NYSE:TG) Stake Raised by Minerva Advisors LLC

Minerva Advisors LLC increased its holdings in shares of Tredegar Co. (NYSE:TG) by 3.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,663,107 shares of the basic materials company’s stock after purchasing an additional 55,357 shares during the period. Tredegar accounts for about 7.0% of Minerva Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. Minerva Advisors LLC’s holdings in Tredegar were worth $12,124,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TG. State Board of Administration of Florida Retirement System purchased a new stake in Tredegar during the 1st quarter worth approximately $128,000. Vanguard Group Inc. increased its position in shares of Tredegar by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,369,270 shares of the basic materials company’s stock valued at $8,928,000 after purchasing an additional 9,674 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Tredegar by 2.8% in the 1st quarter. Acadian Asset Management LLC now owns 180,588 shares of the basic materials company’s stock valued at $1,176,000 after purchasing an additional 4,864 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of Tredegar by 9.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 4,453,630 shares of the basic materials company’s stock valued at $29,038,000 after purchasing an additional 367,602 shares during the last quarter. Finally, Gabelli Funds LLC increased its position in shares of Tredegar by 9.1% in the 1st quarter. Gabelli Funds LLC now owns 655,409 shares of the basic materials company’s stock valued at $4,273,000 after purchasing an additional 54,909 shares during the last quarter. 79.24% of the stock is owned by hedge funds and other institutional investors.

Tredegar Price Performance

Shares of NYSE:TG opened at $6.98 on Tuesday. Tredegar Co. has a 52 week low of $3.98 and a 52 week high of $9.22. The company’s 50 day moving average is $7.35 and its two-hundred day moving average is $6.15. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.79 and a quick ratio of 0.42.

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.