Simplex Trading buys $634,397 stake in Teleflex Incorporated (TFX)

Teleflex Incorporated (TFX) : Simplex Trading scooped up 325 additional shares in Teleflex Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 3,780 shares of Teleflex Incorporated which is valued at $634,397.Teleflex Incorporated makes up approximately 0.08% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in TFX by selling 370 shares or 20.67% in the most recent quarter. The Hedge Fund company now holds 1,420 shares of TFX which is valued at $238,319. Teleflex Incorporated makes up approx 0.03% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in TFX by selling 13,189 shares or 76.6% in the most recent quarter. The Hedge Fund company now holds 4,028 shares of TFX which is valued at $676,100.Eqis Capital Management boosted its stake in TFX in the latest quarter, The investment management firm added 1,486 additional shares and now holds a total of 6,379 shares of Teleflex Incorporated which is valued at $1,070,715. Teleflex Incorporated makes up approx 0.07% of Eqis Capital Management’s portfolio. Washington Trust Bank added TFX to its portfolio by purchasing 10 company shares during the most recent quarter which is valued at $1,679.

Teleflex Incorporated closed down -1.23 points or -0.73% at $167.83 with 2,36,629 shares getting traded on Friday. Post opening the session at $169.56, the shares hit an intraday low of $166.95 and an intraday high of $169.92 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.

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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