State of Alaska Department of Revenue Acquires Shares of 3,500 Tempur Sealy International Inc (TPX)

State of Alaska Department of Revenue acquired a new stake in shares of Tempur Sealy International Inc (NYSE:TPX) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,500 shares of the company’s stock, valued at approximately $218,000.

A number of other hedge funds also recently modified their holdings of the stock. Schwab Charles Investment Management Inc. boosted its position in Tempur Sealy International by 4.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 321,339 shares of the company’s stock valued at $20,145,000 after purchasing an additional 14,865 shares in the last quarter. Greenlight Capital Inc. boosted its position in Tempur Sealy International by 900.0% during the third quarter. Greenlight Capital Inc. now owns 4,000,000 shares of the company’s stock valued at $258,080,000 after purchasing an additional 3,600,000 shares in the last quarter. Sterling Capital Management LLC boosted its position in Tempur Sealy International by 10.6% during the third quarter. Sterling Capital Management LLC now owns 56,095 shares of the company’s stock valued at $3,619,000 after purchasing an additional 5,395 shares in the last quarter. Colony Group LLC bought a new stake in Tempur Sealy International during the third quarter valued at about $1,592,000. Finally, California Public Employees Retirement System boosted its position in Tempur Sealy International by 5.7% during the third quarter. California Public Employees Retirement System now owns 135,580 shares of the company’s stock valued at $8,748,000 after purchasing an additional 7,280 shares in the last quarter.

In other news, EVP Richard W. Anderson sold 24,345 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $64.99, for a total value of $1,582,181.55. Following the completion of the transaction, the executive vice president now directly owns 78,236 shares in the company, valued at $5,084,557.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.10% of the company’s stock.

A number of brokerages recently weighed in on TPX. Zacks Investment Research downgraded Tempur Sealy International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. SunTrust Banks reiterated a “hold” rating and issued a $55.00 price target on shares of Tempur Sealy International in a research note on Friday, November 3rd. ValuEngine cut Tempur Sealy International from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 price target on shares of Tempur Sealy International in a research note on Friday, November 3rd. Finally, Wedbush reiterated a “hold” rating on shares of Tempur Sealy International in a research note on Friday, December 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Tempur Sealy International presently has an average rating of “Hold” and a consensus target price of $66.50.

Tempur Sealy International Inc (NYSE:TPX) opened at $57.60 on Thursday. Tempur Sealy International Inc has a 12 month low of $39.57 and a 12 month high of $68.05. The stock has a market capitalization of $3,120.00, a PE ratio of 19.20, a PEG ratio of 0.86 and a beta of 1.27. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 20.03.

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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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