Tredegar Co. (NYSE:TG – Get Free Report)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.34 and traded as high as $6.10. Tredegar shares last traded at $5.82, with a volume of 88,975 shares.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Tredegar from a “hold” rating to a “buy” rating in a research note on Friday, May 10th.
Check Out Our Latest Stock Report on TG
Tredegar Stock Down 0.5 %
Tredegar (NYSE:TG – Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter. Tredegar had a negative return on equity of 1.01% and a negative net margin of 14.79%. The firm had revenue of $175.74 million for the quarter.
Hedge Funds Weigh In On Tredegar
Several institutional investors and hedge funds have recently added to or reduced their stakes in TG. Gamco Investors INC. ET AL grew its stake in shares of Tredegar by 9.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 4,453,630 shares of the basic materials company’s stock valued at $29,038,000 after purchasing an additional 367,602 shares during the period. Vanguard Group Inc. grew its stake in shares of Tredegar by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,369,270 shares of the basic materials company’s stock valued at $8,928,000 after purchasing an additional 9,674 shares during the period. Gabelli Funds LLC grew its stake in shares of Tredegar by 9.1% in the 1st quarter. Gabelli Funds LLC now owns 655,409 shares of the basic materials company’s stock valued at $4,273,000 after purchasing an additional 54,909 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Tredegar by 2.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 190,293 shares of the basic materials company’s stock valued at $912,000 after purchasing an additional 5,094 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of Tredegar by 2.8% in the 1st quarter. Acadian Asset Management LLC now owns 180,588 shares of the basic materials company’s stock valued at $1,176,000 after purchasing an additional 4,864 shares during the period. 79.24% of the stock is currently owned by institutional investors.
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.
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