Verde Servicos Internacionais S.a. buys $47,423,482 stake in Tempur Sealy International Inc (TPX)

Tempur Sealy International Inc (TPX) : Verde Servicos Internacionais S.a. scooped up 54,656 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 Jul 18, 2016. The investment management firm now holds a total of 786,068 shares of Tempur Sealy International Inc which is valued at $47,423,482.Tempur Sealy International Inc makes up approximately 3.95% of Verde Servicos Internacionais S.a.’s portfolio.

Other Hedge Funds, Including , Simplex Trading boosted its stake in TPX in the latest quarter, The investment management firm added 2,112 additional shares and now holds a total of 13,551 shares of Tempur Sealy International Inc which is valued at $817,532. Tempur Sealy International Inc makes up approx 0.10% of Simplex Trading’s portfolio.Independent Portfolio Consultants boosted its stake in TPX in the latest quarter, The investment management firm added 635 additional shares and now holds a total of 18,732 shares of Tempur Sealy International Inc which is valued at $1,114,929. Tempur Sealy International Inc makes up approx 0.34% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in TPX in the latest quarter, The investment management firm added 5,170 additional shares and now holds a total of 143,575 shares of Tempur Sealy International Inc which is valued at $8,097,630. Tempur Sealy International Inc makes up approx 0.04% of Bnp Paribas Arbitrage Sa’s portfolio.Curian Capital reduced its stake in TPX by selling 14,595 shares or 68.56% in the most recent quarter. The Hedge Fund company now holds 6,692 shares of TPX which is valued at $377,429. Tempur Sealy International Inc makes up approx 0.03% of Curian Capital’s portfolio.

Tempur Sealy International Inc opened for trading at $59.56 and hit $60.49 on the upside on Wednesday, eventually ending the session at $60.33, with a gain of 1.62% or 0.96 points. The heightened volatility saw the trading volume jump to 9,69,061 shares. Company has a market cap of $3,675 M.

On the company’s financial health, Tempur Sealy International Inc reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.62. The company had revenue of $721.00 million for the quarter, compared to analysts expectations of $773.08 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.55 EPS.

Many Wall Street Analysts have commented on Tempur Sealy International Inc. 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 was Upgraded by Raymond James to ” Outperform” on Apr 28, 2016. Wedbush Downgraded Tempur Sealy International Inc on Apr 22, 2016 to ” Neutral”, Price Target of the shares are set at $58.

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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