Tredegar (NYSE:TG) Lowered to “Hold” Rating by StockNews.com

Tredegar (NYSE:TG) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Tredegar Trading Down 4.6 %

Shares of TG traded down $0.35 during midday trading on Thursday, hitting $7.26. The stock had a trading volume of 81,087 shares, compared to its average volume of 86,346. Tredegar has a 1 year low of $3.98 and a 1 year high of $9.22. The firm has a market cap of $249.50 million, a PE ratio of -9.19 and a beta of 0.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.79 and a quick ratio of 0.42. The stock’s 50 day moving average is $7.73 and its 200 day moving average is $7.44.

Tredegar (NYSE:TG) last announced its earnings results on Wednesday, March 12th. The basic materials company reported $0.06 earnings per share 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%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL increased its stake in Tredegar by 10.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 5,623,809 shares of the basic materials company’s stock worth $43,191,000 after buying an additional 513,415 shares during the period. Bank of America Corp DE increased its stake in Tredegar by 691.9% in the 4th quarter. Bank of America Corp DE now owns 2,893,980 shares of the basic materials company’s stock worth $22,226,000 after buying an additional 2,528,530 shares during the period. Minerva Advisors LLC increased its stake in Tredegar by 3.4% in the 3rd quarter. Minerva Advisors LLC now owns 1,663,107 shares of the basic materials company’s stock worth $12,124,000 after buying an additional 55,357 shares during the period. Dimensional Fund Advisors LP increased its stake in Tredegar by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,109,365 shares of the basic materials company’s stock worth $8,520,000 after buying an additional 3,403 shares during the period. Finally, Gabelli Funds LLC increased its stake in Tredegar by 13.2% in the 4th quarter. Gabelli Funds LLC now owns 1,062,415 shares of the basic materials company’s stock worth $8,159,000 after buying an additional 124,115 shares during the period. Hedge funds and other institutional investors own 79.24% of the company’s stock.

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.