Rovida Advisors Inc. maintained its position in shares of Tempur Sealy International, Inc. (NYSE:TPX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 191,012 shares of the company’s stock at the end of the second quarter. Tempur Sealy International accounts for about 1.4% of Rovida Advisors Inc.’s investment portfolio, making the stock its 20th largest position. Rovida Advisors Inc. owned approximately 0.35% of Tempur Sealy International worth $10,192,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in shares of Tempur Sealy International by 14.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock worth $100,000 after buying an additional 273 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of 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 buying an additional 234 shares in the last quarter. Sei Investments Co. raised its position in shares of 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 buying an additional 421 shares in the last quarter. NEXT Financial Group Inc raised its position in shares of Tempur Sealy International by 9,500.0% in the second quarter. NEXT Financial Group Inc now owns 2,400 shares of the company’s stock worth $128,000 after buying an additional 2,375 shares in the last quarter. Finally, Blueport Capital L.P. raised its position in shares of Tempur Sealy International by 41.2% in the first quarter. Blueport Capital L.P. now owns 3,026 shares of the company’s stock worth $141,000 after buying an additional 883 shares in the last quarter.

Shares of Tempur Sealy International, Inc. (NYSE:TPX) opened at 60.27 on Wednesday. The company has a market capitalization of $3.25 billion, a P/E ratio of 17.00 and a beta of 1.67. Tempur Sealy International, Inc. has a 12 month low of $39.57 and a 12 month high of $82.32. The company’s 50 day moving average price is $57.85 and its 200 day moving average price is $49.61.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.05. Tempur Sealy International had a return on equity of 617.75% and a net margin of 6.69%. The business had revenue of $659.30 million during the quarter, compared to analyst estimates of $661.65 million. During the same quarter in the prior year, the business posted $0.92 EPS. Tempur Sealy International’s revenue for the quarter was down 18.0% compared to the same quarter last year. Analysts expect that Tempur Sealy International, Inc. will post $3.30 EPS for the current fiscal year.

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A number of brokerages have commented on TPX. Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and issued a $55.00 price objective on shares of Tempur Sealy International in a report on Wednesday, June 28th. Zacks Investment Research raised Tempur Sealy International from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a report on Thursday, August 24th. Piper Jaffray Companies raised Tempur Sealy International from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $61.00 to $80.00 in a report on Monday, August 14th. BidaskClub raised Tempur Sealy International from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $85.00 price objective (up from $75.00) on shares of Tempur Sealy International in a report on Wednesday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $65.09.

In other Tempur Sealy International news, Director Usman Nabi purchased 100,000 shares of the business’s stock in a transaction on Monday, June 5th. The stock was acquired at an average price of $47.37 per share, for a total transaction of $4,737,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.10% of the company’s stock.

About Tempur Sealy International

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.

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

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