Tower Research Capital LLC TRC Raises Stake in Tredegar Co. (NYSE:TG)

Tower Research Capital LLC TRC boosted its position in Tredegar Co. (NYSE:TG) by 190.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,808 shares of the basic materials company’s stock after buying an additional 3,807 shares during the period. Tower Research Capital LLC TRC’s holdings in Tredegar were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of TG. CWM LLC boosted its position in Tredegar by 103.8% in the third quarter. CWM LLC now owns 5,411 shares of the basic materials company’s stock valued at $29,000 after buying an additional 2,756 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Tredegar in the third quarter valued at approximately $62,000. Cable Hill Partners LLC purchased a new stake in Tredegar in the third quarter valued at approximately $66,000. Assenagon Asset Management S.A. purchased a new stake in Tredegar in the third quarter valued at approximately $911,000. Finally, Gamco Investors INC. ET AL boosted its position in Tredegar by 4.1% in the 3rd quarter. Gamco Investors INC. ET AL now owns 4,283,393 shares of the basic materials company’s stock worth $23,173,000 after purchasing an additional 167,185 shares in the last quarter. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Tredegar Stock Performance

Tredegar stock traded down $0.03 during mid-day trading on Friday, hitting $6.33. The company had a trading volume of 140,249 shares, compared to its average volume of 118,313. The company has a current ratio of 0.71, a quick ratio of 0.38 and a debt-to-equity ratio of 0.13. Tredegar Co. has a 12-month low of $3.98 and a 12-month high of $9.49. The company’s fifty day moving average is $5.71 and its 200-day moving average is $5.16. The company has a market capitalization of $217.95 million, a price-to-earnings ratio of -2.04 and a beta of 0.97.

Tredegar (NYSE:TG) last released its quarterly earnings data on Friday, March 15th. The basic materials company reported ($0.01) EPS for the quarter. Tredegar had a negative return on equity of 2.72% and a negative net margin of 15.08%. The company had revenue of $166.99 million during the quarter.

Tredegar 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.