Hedge Funds Are Crazy About Tredegar Corporation (TG)

Page 1 of 2

Tredegar Corporation (NYSE:TG) has experienced an increase in activity from the world’s largest hedge funds recently.

At the moment, there are a multitude of gauges shareholders can use to watch their holdings. Some of the best are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the elite investment managers can outclass their index-focused peers by a superb amount (see just how much).

Just as key, bullish insider trading sentiment is another way to break down the stock market universe. As the old adage goes: there are lots of reasons for a bullish insider to get rid of shares of his or her company, but only one, very clear reason why they would behave bullishly. Several academic studies have demonstrated the valuable potential of this tactic if you understand where to look (learn more here).

Keeping this in mind, we’re going to take a look at the key action encompassing Tredegar Corporation (NYSE:TG).

What does the smart money think about Tredegar Corporation (NYSE:TG)?

At the end of the first quarter, a total of 9 of the hedge funds we track were long in this stock, a change of 50% from one quarter earlier. With the smart money’s sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were upping their holdings meaningfully.

Tredegar Corporation (NYSE:TG)According to our comprehensive database, Mario Gabelli’s GAMCO Investors had the most valuable position in Tredegar Corporation (NYSE:TG), worth close to $99.5 million, comprising 0.6% of its total 13F portfolio. On GAMCO Investors’s heels is Cliff Asness of AQR Capital Management, with a $1.6 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Remaining peers that hold long positions include Matthew Hulsizer’s PEAK6 Capital Management, D. E. Shaw’s D E Shaw and Jim Simons’s Renaissance Technologies.

As one would reasonably expect, specific money managers have been driving this bullishness. PEAK6 Capital Management, managed by Matthew Hulsizer, assembled the most outsized call position in Tredegar Corporation (NYSE:TG). PEAK6 Capital Management had 0.4 million invested in the company at the end of the quarter. Mike Vranos’s Ellington also made a $0.3 million investment in the stock during the quarter. The only other fund with a new position in the stock is Paul Tudor Jones’s Tudor Investment Corp.

What have insiders been doing with Tredegar Corporation (NYSE:TG)?

Bullish insider trading is best served when the company in focus has experienced transactions within the past half-year. Over the last 180-day time period, Tredegar Corporation (NYSE:TG) has experienced zero unique insiders purchasing, and 4 insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to Tredegar Corporation (NYSE:TG). These stocks are Berry Plastics Group Inc (NYSE:BERY), Myers Industries, Inc. (NYSE:MYE), Cooper Tire & Rubber Company (NYSE:CTB), Titan International Inc (NYSE:TWI), and Rogers Corporation (NYSE:ROG). This group of stocks are the members of the rubber & plastics industry and their market caps match TG’s market cap.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!