November 17, 2016 - By Marguerite Chambers · 0 Comments
The stock of Teleflex (NYSE:TFX) registered an increase of 3.8% in short interest. TFX’s total short interest was 1.36M shares in November as published by FINRA. Its up 3.8% from 1.31M shares, reported previously. With 191,600 shares average volume, it will take short sellers 7 days to cover their TFX’s short positions. The short interest to Teleflex’s float is 3.1%. About 90,226 shares traded hands. Teleflex Incorporated (NYSE:TFX) has declined 4.51% since April 15, 2016 and is downtrending. It has underperformed by 9.13% the S&P500.
Teleflex Incorporated is a provider of medical technology products. The company has a market cap of $6.81 billion. The Firm designs, develops, makes and supplies single-use medical devices used by hospitals and healthcare providers for diagnostic and therapeutic procedures in critical care and surgical applications. It has a 26.64 P/E ratio. The Firm markets and sells its products to hospitals and healthcare providers, across the world, through a combination of its direct sales force and distributors.
Insitutional Activity: The institutional sentiment decreased to 1.04 in Q2 2016. Its down 0.10, from 1.14 in 2016Q1. The ratio dived, as 36 funds sold all Teleflex Incorporated shares owned while 119 reduced positions. 53 funds bought stakes while 108 increased positions. They now own 40.68 million shares or 1.27% less from 41.20 million shares in 2016Q1.
Tudor Investment Corp Et Al reported 2,100 shares or 0.01% of all its holdings. Schwab Charles Invest Mgmt holds 0.04% or 184,344 shares in its portfolio. Kistler has 300 shares for 0.03% of their US portfolio. Copper Rock Cap Partners Ltd last reported 228,056 shares in the company. Royal State Bank Of Canada has 34,705 shares for 0% of their US portfolio. Rainier Investment Ltd Liability, a Washington-based fund reported 72,010 shares. Moreover, Skyline Asset Mngmt L P has 1.85% invested in Teleflex Incorporated (NYSE:TFX) for 141,820 shares. Moreover, Highvista Strategies Limited Liability Corp has 0.64% invested in Teleflex Incorporated (NYSE:TFX) for 18,900 shares. Blackrock Inv has 134,646 shares for 0.03% of their US portfolio. Haverford last reported 0.01% of its portfolio in the stock. Cannell Peter B & Com, a New York-based fund reported 5,975 shares. Wellington Mgmt Grp Inc Llp has invested 0.04% of its portfolio in Teleflex Incorporated (NYSE:TFX). Neuberger Berman Gru Llc accumulated 0.03% or 134,642 shares. Sit Assoc Inc holds 610 shares or 0% of its portfolio. Champlain Investment Limited last reported 95,220 shares in the company.
Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 1 insider sale for $132,378 net activity. 797 shares with value of $132,378 were sold by RANDLE STUART A on Monday, June 6.
Out of 4 analysts covering Teleflex (NYSE:TFX), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Teleflex has been the topic of 9 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Raymond James upgraded the shares of TFX in a report on Wednesday, January 6 to “Strong Buy” rating. Barclays Capital maintained the shares of TFX in a report on Tuesday, June 14 with “Overweight” rating. The stock of Teleflex Incorporated (NYSE:TFX) earned “Buy” rating by Brean Capital on Friday, March 11. The company was maintained on Thursday, April 28 by Brean Capital. The firm has “Overweight” rating given on Monday, November 30 by Piper Jaffray. On Friday, February 26 the stock rating was maintained by Brean Capital with “Buy”. The firm has “Buy” rating given on Friday, July 31 by Brean Capital.
Teleflex Incorporated, incorporated on June 25, 1943, is a well-known provider of medical technology products. The Firm designs, develops, makes and supplies single-use medical devices used by hospitals and healthcare providers for diagnostic and therapeutic procedures in critical care and surgical applications. The Firm markets and sells its products to hospitals and healthcare providers, across the world, through a combination of its direct sales force and distributors. The Firm operates through six divisions: Vascular North America; Anesthesia North America; Surgical North America; Europe, the Middle East and Africa (EMEA); Asia, and Original Equipment Manufacturer (OEM). The Firm makes its products at approximately 30 manufacturing sites, with manufacturing activities located in the Czech Republic, Germany, Malaysia, Mexico and the United States.
More recent Teleflex Incorporated (NYSE:TFX) news were published by: Businesswire.com which released: “Teleflex Incorporated Announces Worldwide Recall of ARROW® International Intra …” on March 11, 2016. Also Nasdaq.com published the news titled: “Teleflex Incorporated (TFX) Ex-Dividend Date Scheduled for November 10, 2016” on November 09, 2016. Moodys.com‘s news article titled: “Moody’s rates Teleflex notes Ba3; stable outlook” with publication date: May 11, 2016 was also an interesting one.
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By Marguerite Chambers