Tredegar Co. (NYSE:TG) Shares Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL increased its stake in shares of Tredegar Co. (NYSE:TG - Free Report) by 10.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,623,809 shares of the basic materials company's stock after purchasing an additional 513,415 shares during the quarter. Gamco Investors INC. ET AL owned 16.37% of Tredegar worth $43,191,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Gabelli Funds LLC increased its holdings in Tredegar by 13.2% in the fourth quarter. Gabelli Funds LLC now owns 1,062,415 shares of the basic materials company's stock valued at $8,159,000 after buying an additional 124,115 shares during the last quarter. Barclays PLC boosted its holdings in shares of Tredegar by 1.1% in the fourth quarter. Barclays PLC now owns 135,241 shares of the basic materials company's stock valued at $1,038,000 after acquiring an additional 1,414 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Tredegar by 25.2% during the fourth quarter. Wells Fargo & Company MN now owns 15,935 shares of the basic materials company's stock worth $122,000 after acquiring an additional 3,204 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in shares of Tredegar by 569.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 99,167 shares of the basic materials company's stock valued at $762,000 after purchasing an additional 84,363 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Tredegar by 608.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 151,269 shares of the basic materials company's stock valued at $1,162,000 after acquiring an additional 129,909 shares during the period. 79.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Tredegar Trading Down 0.2 %

Shares of TG traded down $0.02 on Friday, hitting $7.17. 68,177 shares of the stock traded hands, compared to its average volume of 103,046. Tredegar Co. has a 1 year low of $4.31 and a 1 year high of $9.22. The stock's 50 day moving average is $7.47 and its two-hundred day moving average is $7.60. 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 $248.61 million, a P/E ratio of -9.08 and a beta of 0.75.

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

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.