New South Capital Management Inc Lowers stake in Teleflex Incorporated (TFX)

Teleflex Incorporated (TFX) : New South Capital Management Inc reduced its stake in Teleflex Incorporated by 0.7% during the most recent quarter end. The investment management company now holds a total of 631,612 shares of Teleflex Incorporated which is valued at $114,637,578 after selling 4,448 shares in Teleflex Incorporated , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Teleflex Incorporated makes up approximately 2.73% of New South Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Alpine Woods Capital Investors reduced its stake in TFX by selling 900 shares or 7.69% in the most recent quarter. The Hedge Fund company now holds 10,800 shares of TFX which is valued at $1,960,200. Teleflex Incorporated makes up approx 0.11% of Alpine Woods Capital Investors’s portfolio.Dimensional Fund Advisors Lp reduced its stake in TFX by selling 9,096 shares or 1.84% in the most recent quarter. The Hedge Fund company now holds 484,782 shares of TFX which is valued at $86,911,717. Teleflex Incorporated makes up approx 0.05% of Dimensional Fund Advisors Lp’s portfolio.State Treasurer State Of Michigan boosted its stake in TFX in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 17,530 shares of Teleflex Incorporated which is valued at $3,155,926. Teleflex Incorporated makes up approx 0.02% of State Treasurer State Of Michigan’s portfolio.Ls Investment Advisors boosted its stake in TFX in the latest quarter, The investment management firm added 1,333 additional shares and now holds a total of 2,989 shares of Teleflex Incorporated which is valued at $531,534. Teleflex Incorporated makes up approx 0.04% of Ls Investment Advisors’s portfolio.

Teleflex Incorporated closed down -1.14 points or -0.62% at $182.62 with 2,12,729 shares getting traded on Friday. Post opening the session at $183.46, the shares hit an intraday low of $181.1401 and an intraday high of $184.01 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 Company’s specialty product line consists of a range of catheters including Foley intermittent external and suprapubic; urine collectors; catheterization accessories and products for operative endourology.

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