Assenagon Asset Management S.A. Has $1.21 Million Holdings in Tredegar Co. (NYSE:TG)

Assenagon Asset Management S.A. grew its stake in shares of Tredegar Co. (NYSE:TGFree Report) by 5.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 185,199 shares of the basic materials company’s stock after acquiring an additional 10,366 shares during the period. Assenagon Asset Management S.A. owned 0.54% of Tredegar worth $1,207,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Minerva Advisors LLC increased its holdings in shares of Tredegar by 65.3% during the third quarter. Minerva Advisors LLC now owns 990,549 shares of the basic materials company’s stock worth $5,359,000 after purchasing an additional 391,262 shares during the period. Gamco Investors INC. ET AL increased its holdings in shares of Tredegar by 4.1% during the third 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 during the period. Acadian Asset Management LLC increased its holdings in shares of Tredegar by 318.5% during the third quarter. Acadian Asset Management LLC now owns 138,927 shares of the basic materials company’s stock worth $750,000 after purchasing an additional 105,729 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Tredegar in the third quarter valued at approximately $490,000. Finally, Gabelli Funds LLC raised its position in Tredegar by 4.8% during the fourth quarter. Gabelli Funds LLC now owns 600,500 shares of the basic materials company’s stock valued at $3,249,000 after purchasing an additional 27,500 shares in the last quarter. 79.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Tredegar from a “hold” rating to a “buy” rating in a research report on Friday, May 10th.

Get Our Latest Stock Report on Tredegar

Tredegar Price Performance

TG traded up $0.14 during trading on Tuesday, hitting $5.46. 117,979 shares of the stock traded hands, compared to its average volume of 139,156. Tredegar Co. has a twelve month low of $3.98 and a twelve month high of $7.89. The company has a market cap of $188.32 million, a price-to-earnings ratio of -1.84 and a beta of 0.97. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.73 and a quick ratio of 0.37. The business has a 50 day moving average price of $6.16 and a 200 day moving average price of $5.27.

Tredegar (NYSE:TGGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $175.74 million during the quarter. Tredegar had a negative net margin of 14.79% and a negative return on equity of 1.01%.

Tredegar Profile

(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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Institutional Ownership by Quarter for Tredegar (NYSE:TG)

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