What’s Next for Teleflex Incorporated (NYSE:TFX) After Having Less Shares Shorted?

July 14, 2018 - By Elizabeth Bryant

Teleflex Incorporated (NYSE:TFX) Logo

Investors sentiment decreased to 0.77 in 2018 Q1. Its down 0.36, from 1.13 in 2017Q4. It fall, as 38 investors sold Teleflex Incorporated shares while 139 reduced holdings. 45 funds opened positions while 91 raised stakes. 39.48 million shares or 0.20% more from 39.40 million shares in 2017Q4 were reported.
Macquarie Gru owns 111,776 shares or 0.05% of their US portfolio. Ameritas Inv Inc has invested 0.22% in Teleflex Incorporated (NYSE:TFX). 8,303 were reported by First Quadrant L P Ca. Northern Tru holds 445,766 shares or 0.03% of its portfolio. Whittier Trust reported 0% of its portfolio in Teleflex Incorporated (NYSE:TFX). Nordea Investment Management accumulated 0% or 1,330 shares. Principal Fin Gru has invested 0.14% in Teleflex Incorporated (NYSE:TFX). 132,413 were reported by Sumitomo Mitsui Tru Holding. Southeast Asset Advsr stated it has 8,718 shares. Point72 Asset Lp has invested 0.17% of its portfolio in Teleflex Incorporated (NYSE:TFX). Tealwood Asset Management Inc holds 12,272 shares or 1.24% of its portfolio. Asset One owns 0.05% invested in Teleflex Incorporated (NYSE:TFX) for 83,855 shares. First Manhattan Company has invested 0% in Teleflex Incorporated (NYSE:TFX). Brinker Incorporated reported 0.03% stake. Moreover, Earnest Prtn Ltd Liability Corporation has 0% invested in Teleflex Incorporated (NYSE:TFX) for 17 shares.

Since January 16, 2018, it had 0 insider buys, and 21 selling transactions for $25.07 million activity. $1.46M worth of stock was sold by POWELL THOMAS E on Friday, June 22. Another trade for 1,359 shares valued at $347,449 was sold by Deren John. 2,500 shares were sold by BABICH GEORGE JR, worth $636,325. Hicks Cameron P sold $534,000 worth of Teleflex Incorporated (NYSE:TFX) on Tuesday, May 22. Klasko Stephen K. M.D. also sold $55,288 worth of Teleflex Incorporated (NYSE:TFX) on Thursday, February 1.

The stock of Teleflex Incorporated (NYSE:TFX) registered a decrease of 0.91% in short interest. TFX’s total short interest was 1.06M shares in July as published by FINRA. Its down 0.91% from 1.07 million shares, reported previously. With 223,200 shares average volume, it will take short sellers 5 days to cover their TFX’s short positions. The short interest to Teleflex Incorporated’s float is 2.36%.

The stock decreased 0.87% or $2.42 during the last trading session, reaching $275.68. About 149,075 shares traded. Teleflex Incorporated (NYSE:TFX) has risen 32.08% since July 14, 2017 and is uptrending. It has outperformed by 19.51% the S&P500.

Teleflex Incorporated designs, develops, makes, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. The company has market cap of $12.56 billion. It offers vascular access products consisting of Arrow branded catheters and related devices for critical care therapies, including the administration of intravenous medications and other therapies, the measurement of blood pressure, and withdrawal of blood samples; interventional access products that are used in dialysis, oncology, and critical care therapies; and anesthesia products, such as airway management products under the LMA and Rusch brands, and pain management products under the Arrow brand. It has a 76.32 P/E ratio. The firm also provides surgical products, such as ligating clips and fascial closure systems; bladeless access ports, sutures, and other surgical instruments; and single-use and reusable products for surgical procedures under the Deknatel, Pilling, Kmedic, Hem-o-lok, and Weck brands.

Teleflex Incorporated (NYSE:TFX) Ratings Coverage

Among 6 analysts covering Teleflex Inc (NYSE:TFX), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Teleflex Inc has $321.0 highest and $255 lowest target. $285.33’s average target is 3.50% above currents $275.68 stock price. Teleflex Inc had 9 analyst reports since January 17, 2018 according to SRatingsIntel. On Thursday, May 3 the stock rating was maintained by Needham with “Buy”. Deutsche Bank maintained the shares of TFX in report on Friday, May 4 with “Hold” rating. The firm earned “Outperform” rating on Friday, February 23 by Leerink Swann. Jefferies maintained it with “Buy” rating and $290.0 target in Thursday, February 22 report. Leerink Swann maintained the stock with “Buy” rating in Tuesday, January 30 report. The rating was maintained by Needham with “Buy” on Wednesday, May 9. The firm earned “Buy” rating on Tuesday, June 5 by Leerink Swann. The firm has “Buy” rating given on Wednesday, January 17 by Stephens.

Another recent and important Teleflex Incorporated (NYSE:TFX) news was published by Seekingalpha.com which published an article titled: “High Expectations Could Be Teleflex’s Most Serious Challenge” on July 11, 2018.

Teleflex Incorporated (NYSE:TFX) Institutional Positions Chart

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