Gladius Capital Management LP Makes New Investment in Tredegar Co. (NYSE:TG)

Gladius Capital Management LP acquired a new stake in shares of Tredegar Co. (NYSE:TG) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,477 shares of the basic materials company’s stock, valued at approximately $40,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in TG. Gamco Investors INC. ET AL increased its stake in Tredegar by 9.0% in the first quarter. Gamco Investors INC. ET AL now owns 4,453,630 shares of the basic materials company’s stock valued at $29,038,000 after acquiring an additional 367,602 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Tredegar by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,369,270 shares of the basic materials company’s stock valued at $8,928,000 after purchasing an additional 9,674 shares during the last quarter. Gabelli Funds LLC increased its position in shares of Tredegar by 26.9% during the 2nd quarter. Gabelli Funds LLC now owns 831,500 shares of the basic materials company’s stock valued at $3,983,000 after purchasing an additional 176,091 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Tredegar by 66.5% during the 2nd quarter. American Century Companies Inc. now owns 368,376 shares of the basic materials company’s stock valued at $1,765,000 after buying an additional 147,158 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Tredegar by 2.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 190,293 shares of the basic materials company’s stock worth $912,000 after buying an additional 5,094 shares during the last quarter. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Tredegar Stock Up 2.3 %

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

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.