Teton Advisors Inc. Trims Stake in Tredegar Co. (NYSE:TG)

Teton Advisors Inc. reduced its position in Tredegar Co. (NYSE:TG) by 20.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 167,000 shares of the basic materials company’s stock after selling 41,700 shares during the quarter. Teton Advisors Inc. owned 0.49% of Tredegar worth $903,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Minerva Advisors LLC increased its position 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 acquiring an additional 391,262 shares during the period. Acadian Asset Management LLC increased its position 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 acquiring an additional 105,729 shares during the period. Gamco Investors INC. ET AL increased its position 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 acquiring an additional 167,185 shares during the period. Algert Global LLC purchased a new position in shares of Tredegar during the third quarter worth approximately $140,000. Finally, SG Americas Securities LLC purchased a new position in shares of Tredegar during the third quarter worth approximately $62,000. 79.24% of the stock is owned by hedge funds and other institutional investors.

Tredegar Trading Up 0.5 %

Shares of NYSE:TG traded up $0.03 during trading on Thursday, reaching $6.36. 72,091 shares of the company were exchanged, compared to its average volume of 142,234. The firm has a market capitalization of $218.97 million, a PE ratio of -2.06 and a beta of 0.97. The business’s fifty day simple moving average is $5.64 and its 200-day simple moving average is $5.14. Tredegar Co. has a 12-month low of $3.98 and a 12-month high of $9.53. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.71 and a quick ratio of 0.38.

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

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.