Bank of Montreal Can Buys New Shares in Tredegar Co. (NYSE:TG)

Bank of Montreal Can purchased a new position in shares of Tredegar Co. (NYSE:TG) during the 2nd quarter, HoldingsChannel reports. The firm purchased 142,933 shares of the basic materials company’s stock, valued at approximately $685,000.

A number of other hedge funds also recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its holdings in Tredegar by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 94,353 shares of the basic materials company’s stock valued at $452,000 after buying an additional 3,246 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Tredegar by 2.3% in the 2nd quarter. Acadian Asset Management LLC now owns 184,828 shares of the basic materials company’s stock valued at $884,000 after acquiring an additional 4,240 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Tredegar by 2.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 190,293 shares of the basic materials company’s stock worth $912,000 after acquiring an additional 5,094 shares in the last quarter. HB Wealth Management LLC lifted its stake in Tredegar by 29.8% during the first quarter. HB Wealth Management LLC now owns 30,005 shares of the basic materials company’s stock worth $196,000 after purchasing an additional 6,888 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Tredegar by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,369,270 shares of the basic materials company’s stock worth $8,928,000 after purchasing an additional 9,674 shares during the last quarter. Institutional investors and hedge funds own 79.24% of the company’s stock.

Tredegar Trading Up 1.2 %

TG stock opened at $7.23 on Wednesday. The company’s 50 day moving average is $6.21 and its two-hundred day moving average is $5.90. Tredegar Co. has a twelve month low of $3.98 and a twelve month high of $7.45. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.78 and a quick ratio of 0.41.

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

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.