Tredegar Co. (NYSE:TG) Shares Sold by Minerva Advisors LLC

Minerva Advisors LLC decreased its holdings in Tredegar Co. (NYSE:TG) by 0.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,657,107 shares of the basic materials company’s stock after selling 6,000 shares during the quarter. Tredegar comprises about 7.4% of Minerva Advisors LLC’s portfolio, making the stock its 4th biggest position. Minerva Advisors LLC owned approximately 4.82% of Tredegar worth $12,727,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Gladius Capital Management LP acquired a new stake in shares of Tredegar in the 3rd quarter worth $40,000. FMR LLC lifted its position in Tredegar by 161.5% during the 3rd quarter. FMR LLC now owns 9,445 shares of the basic materials company’s stock worth $69,000 after acquiring an additional 5,833 shares during the period. SG Americas Securities LLC acquired a new stake in Tredegar during the 3rd quarter worth about $74,000. D Orazio & Associates Inc. acquired a new stake in Tredegar during the 4th quarter worth about $84,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Tredegar during the 3rd quarter worth about $85,000. Institutional investors and hedge funds own 79.24% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Tredegar from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th.

Tredegar Stock Performance

Shares of TG opened at $8.05 on Tuesday. The stock has a 50-day moving average of $7.83 and a two-hundred day moving average of $7.31. The stock has a market cap of $276.50 million, a P/E ratio of -10.19 and a beta of 0.81. Tredegar Co. has a one year low of $3.98 and a one year high of $9.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.42 and a current ratio of 0.79.

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.