Tempur Sealy International, Inc. (TPX) Stake Lessened by Highbridge Capital Management LLC

Highbridge Capital Management LLC lowered its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 76.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,805 shares of the company’s stock after selling 19,195 shares during the period. Highbridge Capital Management LLC’s holdings in Tempur Sealy International were worth $375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Comerica Bank increased its position in Tempur Sealy International by 0.4% in the second quarter. Comerica Bank now owns 36,916 shares of the company’s stock worth $2,059,000 after purchasing an additional 154 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Tempur Sealy International by 12.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock worth $116,000 after purchasing an additional 234 shares during the last quarter. Arizona State Retirement System increased its position in Tempur Sealy International by 1.5% in the second quarter. Arizona State Retirement System now owns 19,800 shares of the company’s stock worth $1,057,000 after purchasing an additional 300 shares during the last quarter. Sei Investments Co. increased its position in Tempur Sealy International by 23.1% in the second quarter. Sei Investments Co. now owns 2,247 shares of the company’s stock worth $120,000 after purchasing an additional 421 shares during the last quarter. Finally, IHT Wealth Management LLC bought a new stake in Tempur Sealy International in the second quarter worth $446,000.

TPX has been the topic of several research reports. Zacks Investment Research cut shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. ValuEngine upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Bank of America reiterated a “buy” rating and set a $85.00 price objective (up previously from $75.00) on shares of Tempur Sealy International in a research report on Wednesday, August 30th. TheStreet upgraded shares of Tempur Sealy International from a “c” rating to a “b” rating in a research report on Thursday, November 2nd. Finally, Stifel Nicolaus upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $60.00 to $80.00 in a research report on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Tempur Sealy International has an average rating of “Hold” and an average target price of $61.33.

In other news, EVP H Clifford Buster III purchased 18,800 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average cost of $53.03 per share, with a total value of $996,964.00. Following the completion of the transaction, the executive vice president now owns 18,800 shares in the company, valued at approximately $996,964. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Scott L. Thompson purchased 19,565 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were purchased at an average cost of $51.19 per share, with a total value of $1,001,532.35. Following the completion of the transaction, the chief executive officer now owns 245,019 shares of the company’s stock, valued at approximately $12,542,522.61. The disclosure for this purchase can be found here. 2.10% of the stock is owned by corporate insiders.

Shares of Tempur Sealy International, Inc. (TPX) opened at $64.28 on Tuesday. The stock has a market cap of $3,480.00, a price-to-earnings ratio of 17.36, a PEG ratio of 1.28 and a beta of 1.53. Tempur Sealy International, Inc. has a one year low of $39.57 and a one year high of $70.45. The company has a debt-to-equity ratio of 20.03, a quick ratio of 0.77 and a current ratio of 1.08.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. Tempur Sealy International had a net margin of 5.79% and a return on equity of 1,042.63%. The company had revenue of $724.80 million during the quarter, compared to analyst estimates of $756.10 million. During the same period in the prior year, the firm earned $1.32 earnings per share. The firm’s revenue for the quarter was down 12.9% compared to the same quarter last year. sell-side analysts predict that Tempur Sealy International, Inc. will post 3.25 EPS for the current fiscal year.

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Tempur Sealy International Company Profile

Tempur Sealy International, Inc is a bedding manufacturer. The Company develops, manufactures, markets and distributes bedding products. The Company operates in two segments: North America and International. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the United States and Canada.

Institutional Ownership by Quarter for Tempur Sealy International (NYSE:TPX)

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