November 17, 2016 - By Ruchi Gupta · 0 Comments
The stock of Tredegar Corporation (NYSE:TG) registered an increase of 10.61% in short interest. TG’s total short interest was 423,200 shares in November as published by FINRA. Its up 10.61% from 382,600 shares, reported previously. With 70,400 shares average volume, it will take short sellers 6 days to cover their TG’s short positions. The short interest to Tredegar Corporation’s float is 1.69%. About 14,528 shares traded hands. Tredegar Corporation (NYSE:TG) has risen 29.48% since April 15, 2016 and is uptrending. It has outperformed by 24.86% the S&P500.
Tredegar Corporation is engaged, through its subsidiaries, in the manufacture of polyethylene plastic films, polyester (PET) films and aluminum extrusions. The company has a market cap of $691.35 million. The Company’s divisions are PE Films, Flexible Packaging Films and Aluminum Extrusions. It has a 40.86 P/E ratio. PE Films makes plastic films, elastics and laminate materials primarily utilized in personal care materials, surface protection films and specialty and optical lighting applications.
Insitutional Activity: The institutional sentiment decreased to 1.69 in 2016 Q2. Its down 0.41, from 2.1 in 2016Q1. The ratio worsened, as 4 funds sold all Tredegar Corporation shares owned while 28 reduced positions. 13 funds bought stakes while 41 increased positions. They now own 20.04 million shares or 0.67% more from 19.90 million shares in 2016Q1.
Pnc Fin Gru accumulated 0% or 171 shares. Millennium Mngmt Lc holds 0% of its portfolio in Tredegar Corporation (NYSE:TG) for 31,643 shares. Moreover, State Street has 0% invested in Tredegar Corporation (NYSE:TG) for 473,179 shares. Walleye Trading Ltd holds 3,700 shares or 0% of its portfolio. The Kansas-based Creative Planning has invested 0% in Tredegar Corporation (NYSE:TG). Blackrock has 6,775 shares for 0% of their US portfolio. Moreover, Morgan Stanley has 0% invested in Tredegar Corporation (NYSE:TG) for 84,299 shares. The Texas-based Capstone Asset Mngmt Com has invested 0.01% in Tredegar Corporation (NYSE:TG). Blackrock Advisors Limited Liability Com has invested 0% of its portfolio in Tredegar Corporation (NYSE:TG). Pinebridge Invs Ltd Partnership accumulated 2,919 shares or 0% of the stock. Moreover, Wedge Capital Management L Limited Partnership Nc has 0.01% invested in Tredegar Corporation (NYSE:TG) for 48,900 shares. Moreover, Comerica Bancorp has 0% invested in Tredegar Corporation (NYSE:TG) for 24,758 shares. California State Teachers Retirement Systems last reported 53,316 shares in the company. Tower Rech Ltd Com (Trc) reported 2,312 shares or 0% of all its holdings. Prudential Financial Inc holds 175,316 shares or 0% of its portfolio.
Insider Transactions: Since July 15, 2016, the stock had 0 insider buys, and 2 sales for $22,494 net activity. GOTTWALD WILLIAM M sold 972 shares worth $16,932. Another trade for 300 shares valued at $5,562 was made by GAMCO INVESTORS – INC. ET AL on Friday, July 15.
Tredegar Corporation (Tredegar), incorporated on June 1, 1988, is engaged, through its subsidiaries, in the manufacture of polyethylene (PE) plastic films, polyester (PET) films and aluminum extrusions. The Company’s divisions are PE Films, Flexible Packaging Films and Aluminum Extrusions.
More recent Tredegar Corporation (NYSE:TG) news were published by: Businesswire.com which released: “Tredegar Corporation Announces Michael J. Schewel Joins Company as Vice …” on April 11, 2016. Also Businesswire.com published the news titled: “Tredegar Corporation Announces John D. Gottwald Elected as CEO” on August 19, 2015. Businesswire.com‘s news article titled: “Michael W. Giancaspro Rejoins Tredegar Corporation” with publication date: October 05, 2015 was also an interesting one.
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By Ruchi Gupta