Teleflex Incorporated (TFX) : Uss Investment Management Ltd added new position in Teleflex Incorporated during the most recent quarter end. The investment management firm now holds 369,743 shares of Teleflex Incorporated which is valued at $58.9 Million , the company said in a statement filed on May 11, 2016 with the SEC.Teleflex Incorporated makes up approximately 0.97% of Uss Investment Management Ltd’s portfolio.
Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in TFX in the latest quarter, The investment management firm added 1,289 additional shares and now holds a total of 5,115 shares of Teleflex Incorporated which is valued at $814,308. Teleflex Incorporated makes up approx 0.01% of Teacher Retirement System Of Texas’s portfolio.Neuberger Berman Group reduced its stake in TFX by selling 346 shares or 0.25% in the most recent quarter. The Hedge Fund company now holds 137,034 shares of TFX which is valued at $22.1 Million. Teleflex Incorporated makes up approx 0.03% of Neuberger Berman Group’s portfolio.Bryn Mawr Trust Co reduced its stake in TFX by selling 302 shares or 0.79% in the most recent quarter. The Hedge Fund company now holds 37,778 shares of TFX which is valued at $6.1 Million. Teleflex Incorporated makes up approx 0.39% of Bryn Mawr Trust Co’s portfolio.Bluecrest Capital Management Ltd boosted its stake in TFX in the latest quarter, The investment management firm added 4,282 additional shares and now holds a total of 6,002 shares of Teleflex Incorporated which is valued at $967,102. Teleflex Incorporated makes up approx 0.09% of Bluecrest Capital Management Ltd’s portfolio.
Teleflex Incorporated opened for trading at $159.42 and hit $162.15 on the upside on Monday, eventually ending the session at $161.93, with a gain of 1.71% or 2.73 points. The heightened volatility saw the trading volume jump to 2,08,454 shares. Company has a market cap of $7,059 M.
On the company’s financial health, Teleflex Incorporated reported $1.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.35. The company had revenue of $424.90 million for the quarter, compared to analysts expectations of $423.03 million. The company’s revenue was down -1.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.30 EPS.
Many Wall Street Analysts have commented on Teleflex Incorporated. Company shares were Reiterated by Barclays on Apr 29, 2016 to “Overweight”, Firm has raised the Price Target to $ 170 from a previous price target of $155 .
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.