Jane Street Group LLC Has $123,000 Holdings in Tredegar Co. (NYSE:TG)

Jane Street Group LLC cut its holdings in shares of Tredegar Co. (NYSE:TG) by 26.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,904 shares of the basic materials company’s stock after selling 5,980 shares during the period. Jane Street Group LLC’s holdings in Tredegar were worth $123,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of 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 worth $452,000 after acquiring 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 second quarter. Acadian Asset Management LLC now owns 184,828 shares of the basic materials company’s stock valued at $884,000 after purchasing an additional 4,240 shares in the last quarter. American Century Companies Inc. raised its position in Tredegar by 66.5% in the 2nd quarter. American Century Companies Inc. now owns 368,376 shares of the basic materials company’s stock worth $1,765,000 after purchasing an additional 147,158 shares during the last quarter. XTX Topco Ltd acquired a new position in Tredegar during the 2nd quarter worth $49,000. Finally, Gabelli Funds LLC boosted its position in Tredegar by 26.9% in the 2nd quarter. Gabelli Funds LLC now owns 831,500 shares of the basic materials company’s stock valued at $3,983,000 after buying an additional 176,091 shares during the last quarter. 79.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Tredegar from a “buy” rating to a “hold” rating in a research report on Tuesday, December 31st.

Tredegar Stock Performance

Shares of NYSE:TG opened at $7.77 on Wednesday. The stock has a market capitalization of $266.98 million, a P/E ratio of -9.84 and a beta of 0.81. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 0.13. Tredegar Co. has a 1-year low of $3.98 and a 1-year high of $9.22. The business has a 50-day moving average price of $7.62 and a two-hundred day moving average price of $6.76.

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.