SG Americas Securities LLC Raises Stock Position in Tredegar Co. (NYSE:TG)

SG Americas Securities LLC grew its holdings in Tredegar Co. (NYSE:TG) by 30.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,335 shares of the basic materials company’s stock after acquiring an additional 3,144 shares during the period. SG Americas Securities LLC’s holdings in Tredegar were worth $102,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Barclays PLC increased its stake in Tredegar by 25.0% during the 3rd quarter. Barclays PLC now owns 133,827 shares of the basic materials company’s stock worth $975,000 after buying an additional 26,757 shares during the period. FMR LLC increased its stake 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 buying an additional 5,833 shares during the period. BNP Paribas Financial Markets increased its stake in Tredegar by 216.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 29,443 shares of the basic materials company’s stock worth $215,000 after buying an additional 20,125 shares during the period. Geode Capital Management LLC increased its stake in Tredegar by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 581,762 shares of the basic materials company’s stock worth $4,242,000 after buying an additional 7,812 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new stake in Tredegar during the 3rd quarter worth $85,000. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Tredegar from a “hold” rating to a “buy” rating in a research note on Tuesday.

Tredegar Price Performance

Shares of TG stock opened at $7.87 on Thursday. The firm has a market cap of $270.28 million, a P/E ratio of -9.96 and a beta of 0.81. 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 Co. has a 1-year low of $3.98 and a 1-year high of $9.22. The firm has a fifty day moving average of $7.82 and a two-hundred day moving average of $7.15.

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.