Great West Life Assurance Co. Can cut its stake in Tempur Sealy International Inc. (NYSE:TPX) by 36.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,269 shares of the company’s stock after selling 18,833 shares during the period. Great West Life Assurance Co. Can owned approximately 0.06% of Tempur Sealy International worth $1,830,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TPX. Profund Advisors LLC increased its position in shares of Tempur Sealy International by 0.6% in the second quarter. Profund Advisors LLC now owns 7,300 shares of the company’s stock valued at $404,000 after buying an additional 43 shares in the last quarter. Fifth Third Bancorp increased its position in Tempur Sealy International by 0.4% in the second quarter. Fifth Third Bancorp now owns 35,186 shares of the company’s stock valued at $1,946,000 after buying an additional 136 shares during the period. Ameritas Investment Partners Inc. increased its position in Tempur Sealy International by 1.9% in the second quarter. Ameritas Investment Partners Inc. now owns 9,633 shares of the company’s stock valued at $533,000 after buying an additional 180 shares during the period. IFP Advisors Inc increased its position in Tempur Sealy International by 7.4% in the second quarter. IFP Advisors Inc now owns 3,770 shares of the company’s stock valued at $209,000 after buying an additional 260 shares during the period. Finally, BlackRock Inc. increased its position in Tempur Sealy International by 1.0% in the second quarter. BlackRock Inc. now owns 26,954 shares of the company’s stock valued at $1,491,000 after buying an additional 266 shares during the period.

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

Tempur Sealy International Inc. (NYSE:TPX) traded down 3.16% during mid-day trading on Monday, reaching $62.77. 636,803 shares of the company were exchanged. Tempur Sealy International Inc. has a 1-year low of $50.55 and a 1-year high of $82.32. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 30.34 and a beta of 1.86. The company has a 50 day moving average of $56.48 and a 200-day moving average of $63.78.

Tempur Sealy International (NYSE:TPX) last announced its earnings results on Thursday, October 27th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.11. Tempur Sealy International had a net margin of 4.08% and a return on equity of 112.05%. The business had revenue of $832.40 million for the quarter, compared to analyst estimates of $834.84 million. During the same quarter last year, the business earned $1.11 earnings per share. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, equities research analysts forecast that Tempur Sealy International Inc. will post $3.94 EPS for the current year.

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Several research firms have commented on TPX. Piper Jaffray Cos. reissued an “overweight” rating and set a $84.00 price objective on shares of Tempur Sealy International in a report on Tuesday, August 2nd. Wedbush reissued a “neutral” rating and set a $55.00 price objective on shares of Tempur Sealy International in a report on Friday, October 28th. Zacks Investment Research downgraded shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a report on Thursday, September 29th. KeyCorp dropped their price objective on shares of Tempur Sealy International from $85.00 to $77.00 and set an “overweight” rating for the company in a report on Wednesday, September 28th. Finally, Nomura set a $90.00 price objective on shares of Tempur Sealy International and gave the company a “buy” rating in a report on Wednesday, September 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $72.60.

In other news, EVP Richard W. Anderson sold 75,000 shares of Tempur Sealy International stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $77.32, for a total value of $5,799,000.00. Following the sale, the executive vice president now owns 77,162 shares in the company, valued at $5,966,165.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.04% of the stock is currently owned by insiders.

Tempur Sealy International Company Profile

Tempur Sealy International, Inc is a bedding provider. The Company develops, manufactures, markets and distributes bedding products. It operates in two segments: North America, which consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the United States and Canada, and International, which consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America.

5 Day Chart for NYSE:TPX

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