Choreo LLC Purchases New Holdings in Tredegar Corporation (NYSE:TG)

Choreo LLC purchased a new stake in Tredegar Corporation (NYSE:TG) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 31,352 shares of the basic materials company’s stock, valued at approximately $241,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in Tredegar by 35.0% in the 4th quarter. American Century Companies Inc. now owns 503,066 shares of the basic materials company’s stock valued at $3,864,000 after acquiring an additional 130,291 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Tredegar by 100.3% in the 4th quarter. JPMorgan Chase & Co. now owns 136,663 shares of the basic materials company’s stock valued at $1,050,000 after acquiring an additional 68,423 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Tredegar by 608.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 151,269 shares of the basic materials company’s stock valued at $1,162,000 after acquiring an additional 129,909 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Tredegar by 569.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 99,167 shares of the basic materials company’s stock valued at $762,000 after acquiring an additional 84,363 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Tredegar by 25.2% in the 4th quarter. Wells Fargo & Company MN now owns 15,935 shares of the basic materials company’s stock valued at $122,000 after acquiring an additional 3,204 shares during the last quarter. 79.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Tredegar Price Performance

Shares of NYSE TG opened at $8.72 on Thursday. The company has a 50 day simple moving average of $8.77 and a 200-day simple moving average of $8.06. The company has a market capitalization of $304.50 million, a P/E ratio of -5.19 and a beta of 0.83. Tredegar Corporation has a 1 year low of $4.87 and a 1 year high of $9.43.

Tredegar (NYSE:TG) last announced its quarterly earnings results on Thursday, May 8th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $164.73 million during the quarter. Tredegar had a negative net margin of 8.35% and a positive return on equity of 9.28%.

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.