Tredegar Co. (NYSE:TG) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its stake in shares of Tredegar Co. (NYSE:TG - Free Report) by 569.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 99,167 shares of the basic materials company's stock after buying an additional 84,363 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.29% of Tredegar worth $762,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TG. Barclays PLC raised its stake in Tredegar by 25.0% in the third quarter. Barclays PLC now owns 133,827 shares of the basic materials company's stock valued at $975,000 after buying an additional 26,757 shares in the last quarter. FMR LLC raised its position in shares of 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 acquiring an additional 5,833 shares in the last quarter. BNP Paribas Financial Markets lifted its stake 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 purchasing an additional 20,125 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Tredegar by 1.4% in the third quarter. Geode Capital Management LLC now owns 581,762 shares of the basic materials company's stock valued at $4,242,000 after purchasing an additional 7,812 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in Tredegar in the third quarter valued at approximately $85,000. 79.24% of the stock is currently owned by hedge funds and other institutional investors.

Tredegar Stock Performance

NYSE TG traded up $0.04 during trading hours on Monday, hitting $7.18. The company had a trading volume of 2,244 shares, compared to its average volume of 91,913. The business has a 50 day moving average of $7.55 and a 200-day moving average of $7.61. The company has a market cap of $248.71 million, a PE ratio of -9.08 and a beta of 0.75. Tredegar Co. has a 1-year low of $4.30 and a 1-year high of $9.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.42 and a current ratio of 0.79.

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

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of 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.