Bluemountain Capital Management buys $91,958,402 stake in Tempur Sealy International Inc (TPX)

Tempur Sealy International Inc (TPX) : Bluemountain Capital Management scooped up 1,153,162 additional shares in Tempur Sealy International Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 1,173,987 shares of Tempur Sealy International Inc which is valued at $91,958,402.Tempur Sealy International Inc makes up approximately 2.73% of Bluemountain Capital Management’s portfolio.

Other Hedge Funds, Including , Hudson Bay Capital Management Lp added TPX to its portfolio by purchasing 4,500 company shares during the most recent quarter which is valued at $352,485. Tempur Sealy International Inc makes up approx 0.03% of Hudson Bay Capital Management Lp’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in TPX in the latest quarter, The investment management firm added 506 additional shares and now holds a total of 20,853 shares of Tempur Sealy International Inc which is valued at $1,592,544. Tempur Sealy International Inc makes up approx 0.03% of Oregon Public Employees Retirement Fund’s portfolio.Msi Financial Services Inc boosted its stake in TPX in the latest quarter, The investment management firm added 16 additional shares and now holds a total of 1,445 shares of Tempur Sealy International Inc which is valued at $91,599.Fisher Asset Management boosted its stake in TPX in the latest quarter, The investment management firm added 2,854 additional shares and now holds a total of 217,694 shares of Tempur Sealy International Inc which is valued at $12,621,898. Tempur Sealy International Inc makes up approx 0.02% of Fisher Asset Management’s portfolio.

Tempur Sealy International Inc opened for trading at $80.04 and hit $80.78 on the upside on Tuesday, eventually ending the session at $80.25, with a gain of 1.16% or 0.92 points. The heightened volatility saw the trading volume jump to 6,56,669 shares. Company has a market cap of $4,688 M.

On the company’s financial health, Tempur Sealy International Inc reported $0.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.69. The company had revenue of $804.40 million for the quarter, compared to analysts expectations of $785.37 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Tempur Sealy International Inc. Company shares were Reiterated by Stifel on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 80 from a previous price target of $67 .Topeka Capital Markets Initiated Tempur Sealy International Inc on May 24, 2016 to “Hold”, Price Target of the shares are set at $61.

Tempur Sealy International Inc. is a bedding provider. The Company develops manufactures markets and distributes bedding products which it sells globally in approximately 100 countries. The Company operates in three segments: Tempur North America Tempur International and Sealy. The Company’s brand portfolio includes TEMPUR Tempur-Pedic Sealy Sealy Posturepedic Optimum and Stearns & Foster. The Company sells its products through three distribution channels in each operating business segment: Retail which consists of furniture and bedding retailers department stores specialty retailers and warehouse clubs; Direct which consists of electronic commerce (e-commerce) platform Company-owned stores and call center and Other which includes third party distributors hospitality and healthcare customers.

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