Hsbc Holdings PLC Sells 2,263 Shares of Tredegar Co. (NYSE:TG)

Hsbc Holdings PLC trimmed its position in shares of Tredegar Co. (NYSE:TG) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,189 shares of the basic materials company’s stock after selling 2,263 shares during the quarter. Hsbc Holdings PLC’s holdings in Tredegar were worth $238,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TG. Simplicity Wealth LLC acquired a new stake in Tredegar during the 2nd quarter worth approximately $57,000. Panagora Asset Management Inc. acquired a new stake in shares of Tredegar during the second quarter worth $95,000. State Board of Administration of Florida Retirement System bought a new stake in Tredegar in the 1st quarter valued at $128,000. Heritage Wealth Advisors boosted its stake in Tredegar by 8,309.6% in the 1st quarter. Heritage Wealth Advisors now owns 20,183 shares of the basic materials company’s stock worth $132,000 after purchasing an additional 19,943 shares during the period. Finally, Virtu Financial LLC bought a new position in Tredegar during the 1st quarter worth about $156,000. Institutional investors and hedge funds own 79.24% of the company’s stock.

Tredegar Stock Performance

TG opened at $7.27 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.78 and a quick ratio of 0.41. The business’s 50-day moving average price is $6.13 and its two-hundred day moving average price is $5.86. Tredegar Co. has a 1 year low of $3.98 and a 1 year high of $7.45.

Tredegar (NYSE:TG) last announced its earnings results on Wednesday, August 7th. The basic materials company reported $0.30 earnings per share (EPS) for the quarter. Tredegar had a positive return on equity of 6.82% and a negative net margin of 10.56%. The business had revenue of $190.56 million for the quarter.

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.