Tower Research Capital LLC TRC Acquires 3,807 Shares of Tredegar Co. (NYSE:TG)

Tower Research Capital LLC TRC increased its holdings in shares of Tredegar Co. (NYSE:TG) by 190.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,808 shares of the basic materials company’s stock after acquiring an additional 3,807 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Tredegar were worth $31,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. CWM LLC grew its position in shares of Tredegar by 103.8% during the 3rd quarter. CWM LLC now owns 5,411 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 2,756 shares during the period. SG Americas Securities LLC bought a new stake in shares of Tredegar in the third quarter valued at $62,000. Cable Hill Partners LLC purchased a new position in shares of Tredegar during the 3rd quarter valued at $66,000. Assenagon Asset Management S.A. purchased a new position in shares of Tredegar during the 3rd quarter valued at $911,000. Finally, Gamco Investors INC. ET AL increased its holdings 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 acquiring an additional 167,185 shares during the last quarter. 79.24% of the stock is currently owned by institutional investors.

Tredegar Stock Performance

Shares of NYSE:TG traded down $0.03 during midday trading on Friday, reaching $6.33. 140,249 shares of the company traded hands, compared to its average volume of 118,313. The firm’s fifty day moving average price is $5.71 and its two-hundred day moving average price is $5.16. The firm has a market capitalization of $217.95 million, a price-to-earnings ratio of -2.04 and a beta of 0.97. The company has a quick ratio of 0.38, a current ratio of 0.71 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.

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

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.