Ritholtz Wealth Management Takes $356,000 Position in Tredegar Co. (NYSE:TG)

Ritholtz Wealth Management purchased a new stake in shares of Tredegar Co. (NYSE:TG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 46,378 shares of the basic materials company's stock, valued at approximately $356,000. Ritholtz Wealth Management owned about 0.13% of Tredegar as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gladius Capital Management LP bought a new position in shares of Tredegar in the third quarter valued at about $40,000. FMR LLC raised its stake in shares of Tredegar by 161.5% in the third 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 during the last quarter. AQR Capital Management LLC bought a new position in shares of Tredegar in the second quarter worth about $49,000. SG Americas Securities LLC acquired a new position in shares of Tredegar during the third quarter worth approximately $74,000. Finally, XTX Topco Ltd bought a new stake in shares of Tredegar during the second quarter valued at approximately $49,000. 79.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Tredegar from a "buy" rating to a "hold" rating in a research report on Tuesday, December 31st.

Tredegar Stock Down 2.0 %

Shares of NYSE:TG traded down $0.16 during trading on Wednesday, hitting $7.87. 100,445 shares of the company's stock traded hands, compared to its average volume of 105,180. The company has a 50-day moving average price of $7.60 and a 200-day moving average price of $6.90. Tredegar Co. has a 52 week low of $3.98 and a 52 week high of $9.22. The company has a market cap of $270.41 million, a price-to-earnings ratio of -9.96 and a beta of 0.81. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 0.13.

Tredegar (NYSE:TG - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The basic materials company reported $0.01 earnings per share for the quarter. The firm had revenue of $182.05 million for the quarter. Tredegar had a positive return on equity of 10.10% and a negative net margin of 3.84%.

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.