Clearline Capital LP Holding in National Gen Hldgs (NGHC) Cut as Share Value Rose; Mackay Shields Has Cut Its Stake in Teleflex (TFX) by $9.99 Million

May 19, 2018 - By Michael Collier

Teleflex Incorporated (NYSE:TFX) Logo

Marc Majzner decreased its stake in National Gen Hldgs Corp (NGHC) by 43.5% based on its latest 2017Q4 regulatory filing with the SEC. Clearline Capital Lp sold 32,199 shares as the company’s stock rose 20.84% while stock markets declined. The hedge fund run by Marc Majzner held 41,829 shares of the property-casualty insurers company at the end of 2017Q4, valued at $822,000, down from 74,028 at the end of the previous reported quarter. Clearline Capital Lp who had been investing in National Gen Hldgs Corp for a number of months, seems to be less bullish one the $2.83 billion market cap company. The stock increased 0.15% or $0.04 during the last trading session, reaching $26.45. About 165,785 shares traded. National General Holdings Corp. (NASDAQ:NGHC) has risen 4.56% since May 19, 2017 and is uptrending. It has underperformed by 6.99% the S&P500.

Mackay Shields Llc decreased its stake in Teleflex Inc (TFX) by 32.89% based on its latest 2017Q4 regulatory filing with the SEC. Mackay Shields Llc sold 40,296 shares as the company’s stock rose 3.29% while stock markets declined. The institutional investor held 82,214 shares of the medical and dental instruments company at the end of 2017Q4, valued at $20.46M, down from 122,510 at the end of the previous reported quarter. Mackay Shields Llc who had been investing in Teleflex Inc for a number of months, seems to be less bullish one the $12.04B market cap company. The stock increased 1.88% or $4.87 during the last trading session, reaching $264.35. About 469,170 shares traded or 46.06% up from the average. Teleflex Incorporated (NYSE:TFX) has risen 32.04% since May 19, 2017 and is uptrending. It has outperformed by 20.49% the S&P500.

Among 4 analysts covering National General Holdings Corp (NASDAQ:NGHC), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. National General Holdings Corp had 18 analyst reports since August 7, 2015 according to SRatingsIntel. Morgan Stanley maintained National General Holdings Corp. (NASDAQ:NGHC) rating on Thursday, August 10. Morgan Stanley has “Equal-Weight” rating and $23 target. The stock has “Buy” rating by FBR Capital on Monday, May 14. FBR Capital maintained National General Holdings Corp. (NASDAQ:NGHC) rating on Tuesday, May 8. FBR Capital has “Buy” rating and $3100 target. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, November 18. The stock has “Market Outperform” rating by JMP Securities on Tuesday, May 8. The stock of National General Holdings Corp. (NASDAQ:NGHC) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, November 2. On Thursday, August 27 the stock rating was downgraded by Zacks to “Hold”. As per Friday, August 7, the company rating was downgraded by Zacks. The stock of National General Holdings Corp. (NASDAQ:NGHC) has “Buy” rating given on Tuesday, June 20 by Keefe Bruyette & Woods. The firm has “Outperform” rating given on Tuesday, August 25 by William Blair.

More news for National General Holdings Corp. (NASDAQ:NGHC) were recently published by: Globenewswire.com, which released: “National General Holdings Corp. Reports First Quarter 2018 Results” on May 07, 2018. Seekingalpha.com‘s article titled: “National General Holdings’ (NGHC) CEO Barry Karfunkel on Q1 2018 Results – Earnings Call Transcript” and published on May 13, 2018 is yet another important article.

Since March 5, 2018, it had 0 insider buys, and 2 sales for $284,669 activity. 5,084 National General Holdings Corp. (NASDAQ:NGHC) shares with value of $123,314 were sold by Newgarden Thomas.

Clearline Capital Lp, which manages about $865.30 million and $193.54M US Long portfolio, upped its stake in Inc Resh Hldgs Inc (NASDAQ:INCR) by 162,722 shares to 325,230 shares, valued at $14.18M in 2017Q4, according to the filing. It also increased its holding in Viacom Inc New (NASDAQ:VIAB) by 116,373 shares in the quarter, for a total of 473,686 shares, and has risen its stake in Spectrum Brands Hldgs Inc (NYSE:SPB).

Investors sentiment increased to 1.02 in 2017 Q4. Its up 0.02, from 1 in 2017Q3. It improved, as 9 investors sold NGHC shares while 40 reduced holdings. 14 funds opened positions while 36 raised stakes. 45.45 million shares or 0.16% more from 45.38 million shares in 2017Q3 were reported. Advsrs Asset reported 0.01% in National General Holdings Corp. (NASDAQ:NGHC). Boston Partners accumulated 1.73 million shares. Virtus Inv Advisers Inc invested in 19,646 shares or 0% of the stock. Schwab Charles Mngmt Inc has 265,394 shares for 0% of their portfolio. Horizon Kinetics Ltd invested in 0.01% or 19,646 shares. Moreover, First Quadrant Limited Partnership Ca has 0% invested in National General Holdings Corp. (NASDAQ:NGHC). California Pub Employees Retirement Sys stated it has 273,046 shares or 0.01% of all its holdings. The North Carolina-based National Bank Of America Corp De has invested 0% in National General Holdings Corp. (NASDAQ:NGHC). American Intl Grp Inc holds 33,082 shares. Envestnet Asset Inc owns 25,314 shares for 0% of their portfolio. Blackrock stated it has 3.41 million shares. Stone Ridge Asset Management Limited Liability Com accumulated 52,515 shares. Pembroke Mgmt Limited owns 2.57% invested in National General Holdings Corp. (NASDAQ:NGHC) for 1.28 million shares. Alliancebernstein L P, a New York-based fund reported 82,400 shares. Millennium Mngmt Ltd Limited Liability Company stated it has 295,982 shares or 0.01% of all its holdings.

Analysts await National General Holdings Corp. (NASDAQ:NGHC) to report earnings on August, 6. They expect $0.58 EPS, up 427.27% or $0.47 from last year’s $0.11 per share. NGHC’s profit will be $62.01 million for 11.40 P/E if the $0.58 EPS becomes a reality. After $0.62 actual EPS reported by National General Holdings Corp. for the previous quarter, Wall Street now forecasts -6.45% negative EPS growth.

Investors sentiment increased to 1.13 in 2017 Q4. Its up 0.03, from 1.1 in 2017Q3. It increased, as 19 investors sold TFX shares while 132 reduced holdings. 62 funds opened positions while 108 raised stakes. 39.40 million shares or 0.28% more from 39.29 million shares in 2017Q3 were reported. Two Sigma Ltd Llc reported 2,357 shares stake. First Quadrant Ltd Partnership Ca invested in 0.14% or 30,138 shares. 2,312 were reported by Fayez Sarofim. Bryn Mawr Tru accumulated 42,542 shares. Morgan Stanley owns 330,453 shares. Raymond James Trust Na holds 0.03% of its portfolio in Teleflex Incorporated (NYSE:TFX) for 1,691 shares. Osterweis Capital Management owns 90,707 shares. Catalyst Cap Advsr Ltd stated it has 63,000 shares or 0.58% of all its holdings. Research Glob has invested 0.04% in Teleflex Incorporated (NYSE:TFX). Hancock Holdg Company holds 0.05% or 4,626 shares in its portfolio. Metropolitan Life Insurance Ny owns 13,243 shares or 0.04% of their US portfolio. New York-based Bnp Paribas Arbitrage Sa has invested 0.01% in Teleflex Incorporated (NYSE:TFX). State Of Alaska Department Of Revenue has invested 0.02% in Teleflex Incorporated (NYSE:TFX). American Century Incorporated owns 1.47M shares. Price T Rowe Assoc Md accumulated 5.80 million shares.

More important recent Teleflex Incorporated (NYSE:TFX) news were published by: Seekingalpha.com which released: “Teleflex Inc. 2018 Q1 – Results – Earnings Call Slides” on May 03, 2018, also Seekingalpha.com published article titled: “Key events next week – healthcare”, Streetinsider.com published: “Revised AUA Guidelines Favorable for UroLift (TFX) – Piper” on May 18, 2018. More interesting news about Teleflex Incorporated (NYSE:TFX) was released by: Seekingalpha.com and their article: “Bright Lights On Capitalist Woodstock, Tech Developers And Sports Betting” with publication date: May 05, 2018.

Among 12 analysts covering Teleflex (NYSE:TFX), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Teleflex had 38 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, November 3. The stock of Teleflex Incorporated (NYSE:TFX) earned “Hold” rating by Deutsche Bank on Friday, May 4. The stock of Teleflex Incorporated (NYSE:TFX) has “Overweight” rating given on Monday, November 30 by Piper Jaffray. The firm has “Hold” rating by Leerink Swann given on Thursday, June 8. On Tuesday, October 10 the stock rating was maintained by Jefferies with “Buy”. The firm has “Buy” rating given on Thursday, February 22 by Jefferies. The company was maintained on Tuesday, September 5 by KeyBanc Capital Markets. The stock of Teleflex Incorporated (NYSE:TFX) earned “Buy” rating by Jefferies on Friday, January 6. The stock has “Buy” rating by Morgan Stanley on Wednesday, September 6. Needham maintained the stock with “Buy” rating in Wednesday, May 9 report.

Since January 2, 2018, it had 0 buys, and 15 sales for $13.63 million activity. The insider Deren John sold 1,359 shares worth $347,449. Klasko Stephen K. M.D. sold $55,288 worth of Teleflex Incorporated (NYSE:TFX) on Thursday, February 1. The insider SMITH BENSON sold $2.43M.

Teleflex Incorporated (NYSE:TFX) Institutional Positions Chart

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