Teleflex Incorporated (TFX) : Myriad Asset Management Ltd. has sold out all of its stake in Teleflex Incorporated during the most recent quarter, according to the disclosure filed by the company on Aug 12, 2016 with the SEC. The investment management company has sold out 2,479 shares of Teleflex Incorporated which is valued at $449,939.
Other Hedge Funds, Including , Allianz Asset Management Ag boosted its stake in TFX in the latest quarter, The investment management firm added 27,483 additional shares and now holds a total of 138,719 shares of Teleflex Incorporated which is valued at $25,177,499. Teleflex Incorporated makes up approx 0.03% of Allianz Asset Management Ag’s portfolio.Blackrock Group Ltd reduced its stake in TFX by selling 8,242 shares or 14.22% in the most recent quarter. The Hedge Fund company now holds 49,734 shares of TFX which is valued at $9,026,721.First Mercantile Trust Co reduced its stake in TFX by selling 320 shares or 15.17% in the most recent quarter. The Hedge Fund company now holds 1,790 shares of TFX which is valued at $324,885. Teleflex Incorporated makes up approx 0.04% of First Mercantile Trust Co’s portfolio. Parametrica Management Ltd added TFX to its portfolio by purchasing 1,589 company shares during the most recent quarter which is valued at $282,572. Teleflex Incorporated makes up approx 0.40% of Parametrica Management Ltd’s portfolio.
Teleflex Incorporated opened for trading at $182.76 and hit $184.62 on the upside on Monday, eventually ending the session at $184.45, with a gain of 1.13% or 2.06 points. The heightened volatility saw the trading volume jump to 1,18,601 shares. Company has a market cap of $8,123 M.
On the company’s financial health, Teleflex Incorporated reported $1.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.74. The company had revenue of $473.60 million for the quarter, compared to analysts expectations of $468.18 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 EPS.
Many Wall Street Analysts have commented on Teleflex Incorporated. Teleflex Incorporated was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Jul 12, 2016. Company shares were Reiterated by Barclays on Jun 14, 2016 to “Overweight”, Firm has raised the Price Target to $ 183 from a previous price target of $170 .
Teleflex Incorporated is a provider of medical technology products. The Company designs develops manufactures and supplies single-use medical devices used by hospitals and healthcare providers for diagnostic and therapeutic procedures in critical care and surgical applications. The Company also markets and sells its products to hospitals and healthcare providers. The Company operates its business in six segments: Vascular North America; Anesthesia/Respiratory North America; Surgical North America; Europe the Middle East and Africa (EMEA); Asia and Original Equipment Manufacturer (OEM). The Company manufactures its products at 26 manufacturing sites with manufacturing operations located in the Czech Republic Germany Malaysia Mexico and the United States. The Companys specialty product line consists of a range of catheters including Foley intermittent external and suprapubic; urine collectors; catheterization accessories and products for operative endourology.