Tredegar Co. (NYSE:TG) Shares Sold by Trexquant Investment LP

Trexquant Investment LP reduced its stake in Tredegar Co. (NYSE:TG - Free Report) by 55.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,182 shares of the basic materials company's stock after selling 43,154 shares during the period. Trexquant Investment LP owned 0.10% of Tredegar worth $263,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC lifted its holdings in shares of Tredegar by 25.0% in the 3rd quarter. Barclays PLC now owns 133,827 shares of the basic materials company's stock valued at $975,000 after purchasing an additional 26,757 shares during the last quarter. FMR LLC raised its holdings 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 valued at $69,000 after buying an additional 5,833 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of 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 buying an additional 20,125 shares during the period. Geode Capital Management LLC grew its holdings in shares of Tredegar by 1.4% during the third quarter. Geode Capital Management LLC now owns 581,762 shares of the basic materials company's stock worth $4,242,000 after buying an additional 7,812 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in Tredegar in the 3rd quarter valued at about $85,000. 79.24% of the stock is currently owned by hedge funds and other institutional investors.

Tredegar Stock Performance

TG traded down $0.02 during trading on Friday, hitting $7.17. The stock had a trading volume of 68,177 shares, compared to its average volume of 103,046. The firm has a market capitalization of $248.61 million, a P/E ratio of -9.08 and a beta of 0.75. 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 Co. has a twelve month low of $4.31 and a twelve month high of $9.22. The company's 50-day moving average price is $7.47 and its 200 day moving average price is $7.60.

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

Analyst Ratings Changes

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

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.