Could Teleflex Incorporated (NYSE:TFX) Change Direction After Less Shorts?

July 14, 2018 - By Robert Crowder

Teleflex Incorporated (NYSE:TFX) Logo

Investors sentiment decreased to 0.77 in Q1 2018. Its down 0.36, from 1.13 in 2017Q4. It turned negative, 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.
First Advsr Lp invested in 88,791 shares or 0.05% of the stock. California State Teachers Retirement Systems holds 74,743 shares or 0.04% of its portfolio. Aperio Gp Limited Co holds 0.02% or 14,552 shares. New Mexico Educational Retirement Board has 0.12% invested in Teleflex Incorporated (NYSE:TFX). Partner Fund Mgmt L P stated it has 167,751 shares. Janney Montgomery Scott Ltd Liability, Pennsylvania-based fund reported 6,874 shares. Manufacturers Life Ins The holds 149,504 shares or 0.04% of its portfolio. Leavell Inv Incorporated has invested 0.12% of its portfolio in Teleflex Incorporated (NYSE:TFX). Amer Group reported 90,136 shares. Hancock Communications stated it has 0.05% in Teleflex Incorporated (NYSE:TFX). Raymond James Fincl Ser Advsrs invested in 3,337 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.02% in Teleflex Incorporated (NYSE:TFX) or 7,699 shares. Bnp Paribas Asset Management Sa holds 0% in Teleflex Incorporated (NYSE:TFX) or 849 shares. Duncker Streett And Co Incorporated accumulated 2,230 shares. 18,096 are held by Federated Invsts Inc Pa.

Since January 16, 2018, it had 0 buys, and 21 insider sales for $25.07 million activity. The insider BABICH GEORGE JR sold 2,500 shares worth $707,775. Hicks Cameron P sold $534,000 worth of stock or 2,000 shares. On Tuesday, June 12 Deren John sold $383,317 worth of Teleflex Incorporated (NYSE:TFX) or 1,347 shares. $1.46M worth of Teleflex Incorporated (NYSE:TFX) was sold by POWELL THOMAS E. $55,288 worth of Teleflex Incorporated (NYSE:TFX) shares were sold by Klasko Stephen K. M.D..

The stock of Teleflex Incorporated (NYSE:TFX) registered a decrease of 0.91% in short interest. TFX’s total short interest was 1.06 million 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. The company was maintained on Friday, May 4 by Deutsche Bank. Needham maintained it with “Buy” rating and $29300 target in Thursday, May 3 report. The firm has “Buy” rating given on Tuesday, June 5 by Leerink Swann. As per Thursday, February 22, the company rating was maintained by Jefferies. The firm has “Buy” rating given on Wednesday, May 9 by Needham. Leerink Swann maintained Teleflex Incorporated (NYSE:TFX) on Tuesday, January 30 with “Buy” rating. The stock has “Outperform” rating by Leerink Swann on Friday, February 23. As per Wednesday, January 17, the company rating was maintained 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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