Hotchkis & Wiley Capital Management LLC trimmed its position in Tredegar Co. (NYSE:TG - Free Report) by 37.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 651,906 shares of the basic materials company's stock after selling 397,318 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 1.90% of Tredegar worth $4,752,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in TG. Gladius Capital Management LP acquired a new position in shares of Tredegar during the third quarter worth $40,000. XTX Topco Ltd purchased a new position in Tredegar during the 2nd quarter worth $49,000. AQR Capital Management LLC purchased a new stake in Tredegar in the second quarter valued at about $49,000. Simplicity Wealth LLC acquired a new stake in Tredegar in the second quarter worth about $57,000. Finally, FMR LLC grew its stake in shares of Tredegar by 161.5% during 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. Hedge funds and other institutional investors own 79.24% of the company's stock.
Tredegar Stock Performance
Shares of Tredegar stock traded up $0.01 during midday trading on Friday, hitting $7.67. The company had a trading volume of 94,638 shares, compared to its average volume of 119,426. The stock has a market cap of $263.54 million, a price-to-earnings ratio of -9.82 and a beta of 0.84. Tredegar Co. has a 12-month low of $3.98 and a 12-month high of $9.22. 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 company has a fifty day simple moving average of $7.51 and a 200 day simple moving average of $6.24.
Tredegar Profile
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Free Report)
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.
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