1 week Ago By ABMN Staff
Trexquant Investment LP reduced its holdings in shares of Tredegar Co. ( NYSE:TG – Free Report ) by 55.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 34,182 shares of the basic materials company’s stock after selling 43,154 shares during the quarter. Trexquant Investment LP owned approximately 0.10% of Tredegar worth $263,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of TG. FMR LLC increased 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 purchasing an additional 5,833 shares in the last quarter. D Orazio & Associates Inc. acquired a new position in shares of Tredegar in the fourth quarter valued at approximately $84,000.
The Manufacturers Life Insurance Company acquired a new position in shares of Tredegar in the third quarter valued at approximately $85,000. SG Americas Securities LLC lifted its stake in shares of 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 buying an additional 3,144 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Tredegar by 216.0% during the third quarter.
BNP Paribas Financial Markets now owns 29,443 shares of the basic materials company’s stock worth $215,000 after acquiring an additional 20,125 shares during the last quarter. 79.24% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In Separately, StockNews.com upgraded Tredegar from a “hold” rating to a “buy” rating in a report on Monday, March 24th. Tredegar Stock Up 1.
6 % TG opened at $7.16 on Monday. Tredegar Co.
has a 12 month low of $4.31 and a 12 month high of $9.22.
The business has a 50-day moving average of $7.55 and a two-hundred day moving average of $7.61.
The company has a debt-to-equity ratio of 0.13, a current ratio of 0.79 and a quick ratio of 0.
42. The stock has a market capitalization of $247.99 million, a price-to-earnings ratio of -9.
06 and a beta of 0.75. Tredegar ( NYSE:TG – Get Free Report ) last released its earnings results on Wednesday, March 12th.
The basic materials company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $154.
05 million during the quarter. Tredegar had a negative net margin of 3.84% and a positive return on equity of 10.
10%. About Tredegar ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding TG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tredegar Co.
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