D Orazio & Associates Inc. Makes New Investment in Tredegar Co. (NYSE:TG)

D Orazio & Associates Inc. purchased a new position in Tredegar Co. (NYSE:TG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,957 shares of the basic materials company’s stock, valued at approximately $84,000.

Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC grew its position in shares of Tredegar by 30.9% during the fourth quarter. SG Americas Securities LLC now owns 13,335 shares of the basic materials company’s stock valued at $102,000 after purchasing an additional 3,144 shares in the last quarter. Ritholtz Wealth Management bought a new stake in shares of Tredegar during the fourth quarter valued at approximately $356,000. JPMorgan Chase & Co. raised its stake in shares of Tredegar by 23.0% during the third quarter. JPMorgan Chase & Co. now owns 68,240 shares of the basic materials company’s stock valued at $497,000 after acquiring an additional 12,777 shares in the last quarter. Barclays PLC increased its holdings in Tredegar by 25.0% during the third quarter. Barclays PLC now owns 133,827 shares of the basic materials company’s stock valued at $975,000 after buying an additional 26,757 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Tredegar by 1.4% during the third quarter. Geode Capital Management LLC now owns 581,762 shares of the basic materials company’s stock worth $4,242,000 after purchasing an additional 7,812 shares in the last quarter. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Tredegar Stock Up 0.4 %

TG stock opened at $7.93 on Friday. The company’s 50-day simple moving average is $7.79 and its 200-day simple moving average is $7.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.79 and a quick ratio of 0.42. Tredegar Co. has a 52-week low of $3.98 and a 52-week high of $9.22.

Tredegar (NYSE:TG) last issued its quarterly earnings results on Friday, November 8th. The basic materials company reported $0.01 earnings per share for the quarter. The firm had revenue of $182.05 million for the quarter. Tredegar had a negative net margin of 3.84% and a positive return on equity of 10.10%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Tredegar from a “buy” rating to a “hold” rating in a research report on Tuesday, December 31st.

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.