XTX Topco Ltd Makes New $49,000 Investment in Tredegar Co. (NYSE:TG)

XTX Topco Ltd purchased a new position in shares of Tredegar Co. (NYSE:TG) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,239 shares of the basic materials company’s stock, valued at approximately $49,000.

Several other institutional investors have also recently made changes to their positions in the stock. Trexquant Investment LP increased its position in shares of Tredegar by 5.9% during the 4th quarter. Trexquant Investment LP now owns 51,519 shares of the basic materials company’s stock worth $279,000 after purchasing an additional 2,891 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Tredegar by 3.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 94,353 shares of the basic materials company’s stock worth $452,000 after acquiring an additional 3,246 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Tredegar by 2.3% during the 2nd quarter. Acadian Asset Management LLC now owns 184,828 shares of the basic materials company’s stock worth $884,000 after acquiring an additional 4,240 shares during the period. Assenagon Asset Management S.A. boosted its stake 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 during the period. Finally, HB Wealth Management LLC boosted its stake in shares of Tredegar by 29.8% during the 1st quarter. HB Wealth Management LLC now owns 30,005 shares of the basic materials company’s stock worth $196,000 after acquiring an additional 6,888 shares during the period. Institutional investors and hedge funds own 79.24% of the company’s stock.

Tredegar Stock Performance

Shares of NYSE TG opened at $7.13 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.41 and a debt-to-equity ratio of 0.13. Tredegar Co. has a 12 month low of $3.98 and a 12 month high of $7.45. The stock has a 50 day moving average of $6.08 and a 200-day moving average of $5.84. The company has a market capitalization of $245.88 million, a P/E ratio of -2.40 and a beta of 0.89.

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

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.