Tredegar (NYSE:TG) Upgraded at StockNews.com

StockNews.com upgraded shares of Tredegar (NYSE:TG) from a hold rating to a buy rating in a research report released on Tuesday.

Tredegar Trading Up 1.0 %

Shares of NYSE:TG opened at $7.92 on Tuesday. The stock has a 50 day moving average of $7.82 and a 200 day moving average of $7.16. The company has a market cap of $272.13 million, a PE ratio of -10.03 and a beta of 0.81. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 0.13. Tredegar has a 12-month low of $3.98 and a 12-month high of $9.22.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC boosted its position in shares of Tredegar by 161.5% during the 3rd quarter. FMR LLC now owns 9,445 shares of the basic materials company’s stock valued at $69,000 after acquiring an additional 5,833 shares during the last quarter. Barclays PLC boosted its position in shares of Tredegar by 25.0% during the 3rd quarter. Barclays PLC now owns 133,827 shares of the basic materials company’s stock valued at $975,000 after acquiring an additional 26,757 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Tredegar by 216.0% in the third quarter. BNP Paribas Financial Markets now owns 29,443 shares of the basic materials company’s stock worth $215,000 after buying an additional 20,125 shares during the last quarter. Geode Capital Management LLC lifted its position in Tredegar by 1.4% in the third quarter. Geode Capital Management LLC now owns 581,762 shares of the basic materials company’s stock worth $4,242,000 after buying an additional 7,812 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in Tredegar in the third quarter worth $85,000. 79.24% of the stock is currently owned by institutional investors.

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.