Tredegar Co. (NYSE:TG) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its stake in shares of Tredegar Co. (NYSE:TG) by 25.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,935 shares of the basic materials company’s stock after purchasing an additional 3,204 shares during the quarter. Wells Fargo & Company MN’s holdings in Tredegar were worth $122,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rhumbline Advisers boosted its position in shares of Tredegar by 3.0% in the fourth quarter. Rhumbline Advisers now owns 44,253 shares of the basic materials company’s stock worth $340,000 after buying an additional 1,298 shares during the period. SG Americas Securities LLC grew its holdings in Tredegar by 30.9% during the fourth quarter. SG Americas Securities LLC now owns 13,335 shares of the basic materials company’s stock valued at $102,000 after purchasing an additional 3,144 shares during the last quarter. D Orazio & Associates Inc. bought a new stake in Tredegar during the fourth quarter valued at about $84,000. JPMorgan Chase & Co. lifted its holdings in shares of Tredegar by 23.0% during the third quarter. JPMorgan Chase & Co. now owns 68,240 shares of the basic materials company’s stock worth $497,000 after buying an additional 12,777 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of 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 purchasing an additional 26,757 shares during the period. Institutional investors and hedge funds own 79.24% of the company’s stock.

Wall Street Analyst Weigh In

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

Tredegar Trading Up 2.2 %

Shares of TG opened at $8.45 on Friday. Tredegar Co. has a 12-month low of $4.31 and a 12-month high of $9.22. The stock’s fifty day simple moving average is $7.47 and its 200-day simple moving average is $7.64. 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 firm has a market capitalization of $292.87 million, a PE ratio of -10.70 and a beta of 0.78.

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 company had revenue of $164.73 million during the quarter. Tredegar had a negative net margin of 3.84% and a positive return on equity of 10.10%.

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.