American Century Companies Inc. Boosts Holdings in Tredegar Co. (NYSE:TG)

American Century Companies Inc. raised its holdings in shares of Tredegar Co. (NYSE:TG - Free Report) by 35.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 503,066 shares of the basic materials company's stock after purchasing an additional 130,291 shares during the period. American Century Companies Inc. owned 1.46% of Tredegar worth $3,864,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TG. FMR LLC grew its stake in Tredegar by 161.5% in the third quarter. FMR LLC now owns 9,445 shares of the basic materials company's stock valued at $69,000 after purchasing an additional 5,833 shares during the last quarter. D Orazio & Associates Inc. purchased a new position in shares of Tredegar in the 4th quarter worth approximately $84,000. The Manufacturers Life Insurance Company bought a new position in shares of Tredegar during the 3rd quarter worth approximately $85,000. SG Americas Securities LLC raised its stake in shares of Tredegar by 30.9% during the 4th quarter. SG Americas Securities LLC now owns 13,335 shares of the basic materials company's stock worth $102,000 after acquiring an additional 3,144 shares in the last quarter. Finally, MetLife Investment Management LLC purchased a new stake in Tredegar during the third quarter valued at approximately $112,000. Institutional investors own 79.24% of the company's stock.

Tredegar Stock Up 1.6 %

Tredegar stock traded up $0.12 during midday trading on Friday, reaching $7.16. The company's stock had a trading volume of 61,677 shares, compared to its average volume of 105,059. 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 P/E ratio of -9.06 and a beta of 0.75. The stock's 50-day simple moving average is $7.55 and its 200-day simple moving average is $7.61. Tredegar Co. has a 52-week low of $4.31 and a 52-week high of $9.22.

Tredegar (NYSE:TG - Get Free Report) last posted its quarterly earnings data 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 for the quarter. Tredegar had a negative net margin of 3.84% and a positive return on equity of 10.10%.

Analysts Set New Price Targets

Separately, StockNews.com raised Tredegar from a "hold" rating to a "buy" rating in a research report on Monday, March 24th.

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.