Gladius Capital Management LP Purchases New Position in Tredegar Co. (NYSE:TG)

Gladius Capital Management LP acquired a new position in Tredegar Co. (NYSE:TG) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 5,477 shares of the basic materials company’s stock, valued at approximately $40,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. XTX Topco Ltd bought a new position in shares of Tredegar during the second quarter valued at approximately $49,000. AQR Capital Management LLC bought a new position in Tredegar in the 2nd quarter worth $49,000. Simplicity Wealth LLC purchased a new stake in shares of Tredegar in the 2nd quarter worth about $57,000. SG Americas Securities LLC bought a new stake in shares of Tredegar during the 3rd quarter valued at about $74,000. Finally, Panagora Asset Management Inc. purchased a new position in shares of Tredegar during the second quarter valued at about $95,000. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Tredegar Price Performance

Tredegar stock opened at $7.08 on Friday. Tredegar Co. has a fifty-two week low of $3.98 and a fifty-two week high of $9.22. The stock’s 50 day simple moving average is $7.33 and its two-hundred day simple moving average is $6.15. The company has a quick ratio of 0.41, a current ratio of 0.79 and a debt-to-equity ratio of 0.13.

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.