Tredegar Co. (TG) Shares Sold by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC trimmed its stake in Tredegar Co. (NYSE:TG) by 31.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 13,367 shares of the basic materials company’s stock after selling 6,097 shares during the period. MetLife Investment Advisors LLC’s holdings in Tredegar were worth $212,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in TG. Oregon Public Employees Retirement Fund purchased a new stake in Tredegar during the 4th quarter worth approximately $154,000. GSA Capital Partners LLP purchased a new stake in Tredegar during the 4th quarter worth approximately $169,000. Pacer Advisors Inc. increased its stake in Tredegar by 390.7% during the 3rd quarter. Pacer Advisors Inc. now owns 11,095 shares of the basic materials company’s stock worth $240,000 after buying an additional 8,834 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in Tredegar during the 3rd quarter worth approximately $245,000. Finally, Texas Permanent School Fund increased its stake in Tredegar by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 16,717 shares of the basic materials company’s stock worth $265,000 after buying an additional 636 shares during the period. 67.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of TG opened at $18.10 on Friday. Tredegar Co. has a fifty-two week low of $14.85 and a fifty-two week high of $26.50. The company has a market cap of $600.90 million, a P/E ratio of 12.65 and a beta of 1.00. The company has a current ratio of 1.73, a quick ratio of 1.13 and a debt-to-equity ratio of 0.29.

Tredegar (NYSE:TG) last announced its earnings results on Monday, March 18th. The basic materials company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.15. Tredegar had a net margin of 2.34% and a return on equity of 13.34%. The firm had revenue of $275.71 million for the quarter.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.43%. The ex-dividend date was Thursday, March 14th.

TG has been the topic of several recent research reports. TheStreet raised shares of Tredegar from a “c-” rating to a “b-” rating in a research note on Friday, March 22nd. ValuEngine raised shares of Tredegar from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark law. The original version of this piece of content can be viewed at https://www.baseballdailydigest.com/news/2019/04/21/tredegar-co-tg-shares-sold-by-metlife-investment-advisors-llc.html.

Tredegar Company Profile

Tredegar Corporation, through its subsidiaries, manufactures and sells polyethylene (PE) plastic films, polyester films, and aluminum extrusions worldwide. It operates through PE Films, Flexible Packaging Films, and Aluminum Extrusions segments. The PE Films segment offers personal care materials, such as apertured films and laminate materials for use in feminine hygiene products, baby diapers, and adult incontinence products under the ComfortAire, ComfortFeel, and FreshFeel brands; elastic materials for use as components for baby diapers, adult incontinence products, and feminine hygiene products under the ExtraFlex and FlexAire brands; and three-dimensional apertured film transfer layers for baby diapers and adult incontinence products under the AquiSoft, AquiDry, and AquiDry Plus brands.

Featured Article: What is a Backdoor Roth IRA?

Institutional Ownership by Quarter for Tredegar (NYSE:TG)

Receive News & Ratings for Tredegar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tredegar and related companies with MarketBeat.com's FREE daily email newsletter.