Connor Clark & Lunn Investment Management Ltd. Has $434,000 Stock Position in Tredegar Co. (NYSE:TG)

Connor Clark & Lunn Investment Management Ltd. lessened its stake in shares of Tredegar Co. (NYSE:TG) by 39.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 59,524 shares of the basic materials company’s stock after selling 38,587 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Tredegar were worth $434,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TG. Gladius Capital Management LP acquired a new stake in shares of Tredegar during the 3rd quarter valued at $40,000. AQR Capital Management LLC bought a new position in Tredegar in the second quarter valued at about $49,000. SG Americas Securities LLC acquired a new stake in shares of Tredegar during the third quarter valued at about $74,000. XTX Topco Ltd bought a new stake in shares of Tredegar during the second quarter worth about $49,000. Finally, Simplicity Wealth LLC acquired a new position in shares of Tredegar in the second quarter valued at approximately $57,000. 79.24% of the stock is currently owned by institutional investors and hedge funds.

Tredegar Stock Up 0.6 %

NYSE:TG opened at $7.17 on Friday. Tredegar Co. has a one year low of $3.98 and a one year high of $9.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.79 and a quick ratio of 0.42. The company has a market cap of $246.36 million, a PE ratio of -9.08 and a beta of 0.88. The firm’s 50 day simple moving average is $7.46 and its 200 day simple moving average is $6.20.

Tredegar 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.