Gabelli Funds LLC Acquires 124,115 Shares of Tredegar Co. (NYSE:TG)

Gabelli Funds LLC increased its position in shares of Tredegar Co. (NYSE:TG - Free Report) by 13.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,062,415 shares of the basic materials company's stock after acquiring an additional 124,115 shares during the quarter. Gabelli Funds LLC owned about 3.09% of Tredegar worth $8,159,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its holdings 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 stake in Tredegar in the 4th quarter valued at approximately $84,000. SG Americas Securities LLC boosted 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 worth $102,000 after purchasing an additional 3,144 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Tredegar by 25.2% during the 4th quarter. Wells Fargo & Company MN now owns 15,935 shares of the basic materials company's stock worth $122,000 after buying an additional 3,204 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Tredegar by 3.0% during the fourth quarter. Rhumbline Advisers now owns 44,253 shares of the basic materials company's stock valued at $340,000 after purchasing an additional 1,298 shares during the last quarter. Institutional investors and hedge funds own 79.24% of the company's stock.

Analyst Ratings Changes

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

Tredegar Stock Performance

Shares of NYSE TG traded down $0.02 during mid-day trading on Friday, reaching $7.17. 68,177 shares of the company were exchanged, compared to its average volume of 102,965. Tredegar Co. has a twelve month low of $4.31 and a twelve month high of $9.22. The stock has a market capitalization of $248.61 million, a P/E ratio of -9.08 and a beta of 0.75. The company's 50-day simple moving average is $7.47 and its 200-day simple moving average is $7.61. The company has a quick ratio of 0.42, a current ratio of 0.79 and a debt-to-equity ratio of 0.13.

Tredegar (NYSE:TG - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $154.05 million during the quarter. Tredegar had a positive return on equity of 10.10% and a negative net margin of 3.84%.

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.