Greenlight Capital Has Increased Tempur Sealy Intl (TPX) Holding by $230.40 Million; As General Electric (GE) Share Price Declined, Holder Berkshire Asset Management Increased Its Holding

January 16, 2018 - By Linda Rogers

Berkshire Asset Management Llc increased its stake in General Electric (GE) by 4% based on its latest 2017Q3 regulatory filing with the SEC. Berkshire Asset Management Llc bought 36,870 shares as the company’s stock declined 7.64% while stock markets rallied. The hedge fund held 958,533 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $23.18M, up from 921,663 at the end of the previous reported quarter. Berkshire Asset Management Llc who had been investing in General Electric for a number of months, seems to be bullish on the $157.10B market cap company. The stock decreased 3.44% or $0.6447 during the last trading session, reaching $18.1153. About 152.95 million shares traded or 86.61% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since January 16, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

David Einhorn increased its stake in Tempur Sealy Intl Inc (TPX) by 900% based on its latest 2017Q3 regulatory filing with the SEC. Greenlight Capital Inc bought 3.60 million shares as the company’s stock declined 4.86% while stock markets rallied. The hedge fund run by David Einhorn held 4.00 million shares of the consumer durables company at the end of 2017Q3, valued at $258.08M, up from 400,000 at the end of the previous reported quarter. Greenlight Capital Inc who had been investing in Tempur Sealy Intl Inc for a number of months, seems to be bullish on the $3.47B market cap company. The stock increased 0.02% or $0.015 during the last trading session, reaching $63.965. About 431,572 shares traded. Tempur Sealy International, Inc. (NYSE:TPX) has declined 19.79% since January 16, 2017 and is downtrending. It has underperformed by 36.49% the S&P500.

Investors sentiment decreased to 0.78 in 2017 Q3. Its down 0.39, from 1.17 in 2017Q2. It turned negative, as 29 investors sold TPX shares while 80 reduced holdings. 35 funds opened positions while 50 raised stakes. 62.16 million shares or 1.94% more from 60.97 million shares in 2017Q2 were reported. Teacher Retirement Systems Of Texas stated it has 3,771 shares. Alliancebernstein Limited Partnership reported 35,202 shares stake. Bancorporation Of New York Mellon has invested 0.01% in Tempur Sealy International, Inc. (NYSE:TPX). Louisiana-based Louisiana State Employees Retirement System has invested 0.04% in Tempur Sealy International, Inc. (NYSE:TPX). Federated Investors Incorporated Pa has 0.01% invested in Tempur Sealy International, Inc. (NYSE:TPX). Moreover, Td Asset Management has 0% invested in Tempur Sealy International, Inc. (NYSE:TPX). Wells Fargo Mn has invested 0% in Tempur Sealy International, Inc. (NYSE:TPX). Globeflex Cap LP accumulated 18,669 shares or 0.34% of the stock. Royal Bankshares Of Canada invested in 28,864 shares. Deutsche Fincl Bank Ag owns 0% invested in Tempur Sealy International, Inc. (NYSE:TPX) for 78,659 shares. Ing Groep Nv invested in 5,619 shares or 0.01% of the stock. Md Sass Investors reported 336,725 shares. Commercial Bank Of Montreal Can stated it has 0% in Tempur Sealy International, Inc. (NYSE:TPX). Cornerstone Cap Mgmt Liability Company, a New York-based fund reported 776 shares. Mason Street Limited Company reported 22,771 shares.

Among 16 analysts covering Tempur Sealy International Inc (NYSE:TPX), 4 have Buy rating, 1 Sell and 11 Hold. Therefore 25% are positive. Tempur Sealy International Inc had 45 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Sell” rating on Monday, January 30 by Suntrust Robinson. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, September 28. The rating was maintained by Raymond James with “Buy” on Thursday, December 7. Raymond James upgraded the stock to “Outperform” rating in Friday, April 29 report. The firm has “Outperform” rating by Raymond James given on Friday, February 17. The rating was downgraded by KeyBanc Capital Markets on Tuesday, January 31 to “Sector Weight”. The rating was initiated by Topeka Capital Markets on Tuesday, May 24 with “Hold”. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, November 2 report. The rating was upgraded by Raymond James on Wednesday, April 19 to “Strong Buy”. On Monday, January 30 the stock rating was downgraded by Nomura to “Neutral”.

Since December 19, 2017, it had 0 buys, and 1 insider sale for $1.58 million activity.

Greenlight Capital Inc, which manages about $11.41B and $5.86B US Long portfolio, decreased its stake in Amerco (NASDAQ:UHAL) by 170,000 shares to 50,000 shares, valued at $18.75M in 2017Q3, according to the filing. It also reduced its holding in Aercap Holdings Nv (NYSE:AER) by 105,000 shares in the quarter, leaving it with 12.36M shares, and cut its stake in Rite Aid Corp (NYSE:RAD).

Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It worsened, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. Moreover, Savant Cap Limited Liability Company has 0.45% invested in General Electric Company (NYSE:GE). Beese Fulmer Invest Mngmt holds 189,026 shares or 1.04% of its portfolio. Zwj Invest Counsel accumulated 189,088 shares or 0.36% of the stock. 1.76M are owned by Nwq Investment Mgmt Com Ltd Liability Corporation. Thrivent Fincl For Lutherans reported 1.18 million shares stake. Ray Gerald L Associate accumulated 0.9% or 299,504 shares. Baystate Wealth Mngmt Limited Liability Corporation holds 0.05% or 12,360 shares. Harvey invested in 0.24% or 25,000 shares. Virtu Finance Ltd Liability holds 169,131 shares. Hills National Bank And Trust Com holds 78,622 shares or 0.6% of its portfolio. Shamrock Asset Management Llc reported 27,507 shares or 0.43% of all its holdings. Cetera Advsr Ltd Com accumulated 0.35% or 240,634 shares. Modera Wealth Mngmt Limited Liability Corporation reported 0.37% in General Electric Company (NYSE:GE). Riverhead Cap Mgmt Limited Liability Company invested in 0.08% or 73,192 shares. Bragg Financial Advsrs holds 0.64% in General Electric Company (NYSE:GE) or 172,458 shares.

Among 26 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 11 Hold. Therefore 38% are positive. General Electric Company had 81 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, July 17. The firm has “Focus List” rating given on Wednesday, September 16 by Credit Suisse. The firm has “Buy” rating by RBC Capital Markets given on Friday, September 15. Stifel Nicolaus maintained it with “Buy” rating and $3300 target in Friday, July 7 report. Bank of America downgraded General Electric Company (NYSE:GE) on Wednesday, April 26 to “Neutral” rating. As per Wednesday, August 26, the company rating was downgraded by TheStreet. The rating was maintained by Citigroup on Monday, October 23 with “Buy”. The firm earned “Hold” rating on Thursday, October 19 by Cowen & Co. Bernstein maintained the shares of GE in report on Tuesday, July 26 with “Market Perform” rating. UBS maintained General Electric Company (NYSE:GE) rating on Friday, October 14. UBS has “Buy” rating and $34 target.

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