New South Capital Management Inc. has reduced its stake in Thermo Fisher Scientific (NYSE: TMO) by selling 2,413 shares, leaving it with 148,290 shares valued at $71.924 million. Other institutional investors have increased their holdings in TMO, which has a market cap of $191.6 billion and a “Moderate Buy” consensus rating from analysts with an average price target of $633.68. The company recently reported strong quarterly earnings, beating analyst expectations, and authorized a $5.0 billion share repurchase program.
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New South Capital Management Inc. Sells 2,413 Shares of Thermo Fisher Scientific Inc. $TMO
New South Capital Management Inc. has reduced its stake in Thermo Fisher Scientific (NYSE: TMO) by selling 2,413 shares, leaving it with 148,290 shares valued at $71.924 million. Other institutional investors have increased their holdings in TMO, which has a market cap of $191.6 billion and a “Moderate Buy” consensus rating from analysts with an average price target of $633.68. The company recently reported strong quarterly earnings, beating analyst expectations, and authorized a $5.0 billion share repurchase program.