CenterBook Partners LP, a hedge fund, has decreased its stake in Tempur Sealy International, Inc. (NYSE:TPX) by 65.3% in the fourth quarter. The fund now owns 19,174 shares of the company's stock, after selling 36,138 shares during the quarter. Other hedge funds have also made changes to their positions in TPX. Platform Technology Partners purchased a new position in Tempur Sealy International in the fourth quarter, while Pinnbrook Capital Management LP and Linonia Partnership LP also acquired new positions during the same period. Southeast Asset Advisors Inc. increased its position in Tempur Sealy International by 7.3% in the fourth quarter, and Blueshift Asset Management LLC boosted its stake in the company by 63.0% during the same period. In total, institutional investors now own 99.86% of the stock. Tempur Sealy International has a 12-month low of $36.12 and a 12-month high of $57.13. The company recently reported its quarterly earnings, beating the consensus estimate with earnings per share of $0.50 and revenue of $1.19 billion. Tempur Sealy International also announced a quarterly dividend of $0.13 per share, with an annualized dividend of $0.52 and a yield of 1.06%. The stock currently has an average rating of 'Buy' and a consensus target price of $62.71.
CenterBook Partners LP also sold 49,821 shares of Constellium SE (NYSE:CSTM) in the fourth quarter, reducing its holdings by 50.2%. The institutional investor now owns 49,335 shares of the industrial products company's stock, valued at $985,000. Other hedge funds and institutional investors have also bought and sold shares of CSTM. Constellium SE reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.15). The company had revenue of $1.88 billion during the quarter. Benchmark reiterated a 'Buy' rating and set a target price of $24.00 on shares of Constellium. JPMorgan Chase & Co. lowered their price objective on shares of Constellium from $28.00 to $27.00 and set an 'Overweight' rating for the company. In total, six analysts have rated the stock as a 'Buy'. Constellium SE engages in the design, manufacture, and sale of rolled and extruded aluminum products for various industries. [7299880c] [f85b7c76]