Integer Holdings Co. (ITGR) Position Lessened by First Trust Advisors LP
First Trust Advisors LP lessened its stake in Integer Holdings Co. (NYSE:ITGR) by 8.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,384 shares of the medical equipment provider’s stock after selling 1,453 shares during the quarter. First Trust Advisors LP owned about 0.05% of Integer worth $838,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. UBS Asset Management Americas Inc. increased its position in Integer by 0.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 18,967 shares of the medical equipment provider’s stock valued at $820,000 after acquiring an additional 98 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of Integer by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the medical equipment provider’s stock worth $489,000 after buying an additional 100 shares during the period. Arizona State Retirement System grew its position in shares of Integer by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 14,524 shares of the medical equipment provider’s stock worth $628,000 after buying an additional 100 shares during the period. Municipal Employees Retirement System of Michigan grew its position in shares of Integer by 5.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,580 shares of the medical equipment provider’s stock worth $285,000 after buying an additional 340 shares during the period. Finally, Texas Permanent School Fund grew its position in shares of Integer by 1.8% during the 2nd quarter. Texas Permanent School Fund now owns 20,338 shares of the medical equipment provider’s stock worth $880,000 after buying an additional 363 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.
In other Integer news, VP Thomas J. Mazza sold 23,123 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $46.16, for a total value of $1,067,357.68. Following the transaction, the vice president now directly owns 26,123 shares in the company, valued at $1,205,837.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William B. Summers, Jr. sold 13,996 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $49.07, for a total transaction of $686,783.72. Following the completion of the transaction, the director now owns 46,179 shares in the company, valued at $2,266,003.53. The disclosure for this sale can be found here. Insiders sold 53,835 shares of company stock worth $2,557,378 over the last quarter. 4.80% of the stock is owned by corporate insiders.
Several brokerages have recently commented on ITGR. BidaskClub upgraded shares of Integer from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Royal Bank Of Canada reissued a “neutral” rating on shares of Integer in a research note on Friday, October 27th. KeyCorp reissued an “overweight” rating and set a $62.00 price objective (up previously from $51.00) on shares of Integer in a research note on Monday, September 18th. Zacks Investment Research raised shares of Integer from a “sell” rating to a “hold” rating in a research note on Monday, August 21st. Finally, TheStreet raised shares of Integer from a “c+” rating to a “b-” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $51.00.
Shares of Integer Holdings Co. (ITGR) traded down $1.95 on Thursday, reaching $44.45. 314,700 shares of the company’s stock were exchanged, compared to its average volume of 187,631. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.37 and a current ratio of 2.58. Integer Holdings Co. has a 1 year low of $28.70 and a 1 year high of $55.20. The company has a market capitalization of $1,470.00, a price-to-earnings ratio of 17.06, a P/E/G ratio of 1.18 and a beta of 1.07.
Integer (NYSE:ITGR) last announced its quarterly earnings results on Thursday, October 26th. The medical equipment provider reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.04. Integer had a net margin of 1.42% and a return on equity of 11.22%. The firm had revenue of $363.31 million for the quarter, compared to analyst estimates of $354.83 million. During the same quarter in the previous year, the firm posted $0.83 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. research analysts forecast that Integer Holdings Co. will post 2.62 EPS for the current year.
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Integer Company Profile
Greatbatch, Inc is a developer and manufacturer of medical devices and components. The Company operates through two segments: Greatbatch Medical and QiG Group (QiG). Greatbatch Medical designs and manufactures products where the Company either owns the intellectual property or has unique manufacturing and assembly expertise.
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