Morgan Stanley, Atlanta Capital lower Teleflex (TFX) holdings below 5% ownership
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
Morgan Stanley and Atlanta Capital have reduced their holdings in Teleflex Inc. common stock to below 5% each. As of the report date, Morgan Stanley reports beneficial ownership of 2,162,407 shares, representing 4.9% of the class, while Atlanta Capital reports 1,911,845 shares, or 4.3%.
Both firms report only shared voting and dispositive power over these shares and state that the securities were acquired and are held in the ordinary course of business, not to change or influence control of Teleflex.
Positive
- None.
Negative
- None.
FAQ
What change in ownership does this Schedule 13G/A report for Teleflex (TFX)?
The filing reports that Morgan Stanley and Atlanta Capital now each own under five percent of Teleflex’s common stock. Morgan Stanley reports 2,162,407 shares (4.9% of the class) and Atlanta Capital reports 1,911,845 shares (4.3% of the class).
What is Atlanta Capital’s reported stake in Teleflex (TFX) common stock?
Atlanta Capital Management Company, LLC reports beneficial ownership of 1,911,845 Teleflex common shares. It has shared voting power over 1,709,411 shares and shared dispositive power over 1,820,353 shares, representing 4.3% of the Teleflex common stock class in this filing.
Do Morgan Stanley and Atlanta Capital seek to influence control of Teleflex (TFX)?
The signatories state the securities were acquired and are held in the ordinary course of business and not for changing or influencing control of Teleflex. They further note the holdings are not connected with any transaction intended to affect control, aside from limited nomination-related activities.
Why are Morgan Stanley and Atlanta Capital filing on Schedule 13G/A for Teleflex (TFX)?
They are institutional investors reporting their Teleflex positions under beneficial ownership rules. The filing certifies that the securities were acquired and are held in the ordinary course of business, and that each firm has ceased to be a beneficial owner of more than five percent of the class.
What types of reporting persons are Morgan Stanley and Atlanta Capital in this Teleflex (TFX) filing?
Morgan Stanley is classified as a holding company (type HC), while Atlanta Capital Management Company, LLC is classified as an investment adviser (type IA). Both are organized in Delaware and report their Teleflex common stock ownership on this Schedule 13G/A amendment.