Rhumbline Advisers increased its stake in shares of Integer Holdings Corp (NYSE:ITGR) by 1.5% in the 1st quarter, HoldingsChannel reports. The firm owned 88,788 shares of the medical equipment provider’s stock after purchasing an additional 1,293 shares during the period. Rhumbline Advisers’ holdings in Integer were worth $6,696,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its holdings in Integer by 13.6% during the 4th quarter. Bessemer Group Inc. now owns 35,450 shares of the medical equipment provider’s stock worth $2,703,000 after buying an additional 4,250 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Integer during the 4th quarter worth about $1,819,000. Sawgrass Asset Management LLC lifted its holdings in Integer by 102.2% during the 4th quarter. Sawgrass Asset Management LLC now owns 32,740 shares of the medical equipment provider’s stock worth $2,497,000 after buying an additional 16,550 shares during the last quarter. Financial Gravity Wealth Inc. purchased a new stake in Integer during the 1st quarter worth about $45,000. Finally, Great West Life Assurance Co. Can lifted its holdings in Integer by 9.9% during the 4th quarter. Great West Life Assurance Co. Can now owns 39,221 shares of the medical equipment provider’s stock worth $2,759,000 after buying an additional 3,536 shares during the last quarter. 94.25% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE ITGR opened at $68.95 on Friday. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 18.14 and a beta of 0.91. The company has a quick ratio of 1.49, a current ratio of 2.55 and a debt-to-equity ratio of 0.84. Integer Holdings Corp has a 1 year low of $62.80 and a 1 year high of $92.61.

Integer (NYSE:ITGR) last posted its earnings results on Thursday, May 2nd. The medical equipment provider reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.20. Integer had a return on equity of 13.37% and a net margin of 14.67%. The business had revenue of $314.70 million during the quarter, compared to the consensus estimate of $302.29 million. During the same period in the previous year, the business earned $0.61 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities research analysts expect that Integer Holdings Corp will post 4.3 EPS for the current fiscal year.

A number of analysts have issued reports on ITGR shares. Royal Bank of Canada lifted their price target on Integer from $84.00 to $92.00 and gave the stock a “sector perform” rating in a report on Monday, February 25th. Zacks Investment Research raised Integer from a “hold” rating to a “strong-buy” rating and set a $101.00 price target for the company in a report on Tuesday, February 26th. Finally, ValuEngine downgraded Integer from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $89.40.

In other news, Director Donald J. Spence sold 50,559 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $85.41, for a total value of $4,318,244.19. Following the completion of the sale, the director now directly owns 41,285 shares of the company’s stock, valued at approximately $3,526,151.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Anthony W. Borowicz sold 2,500 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $85.92, for a total value of $214,800.00. Following the completion of the sale, the senior vice president now directly owns 18,124 shares of the company’s stock, valued at $1,557,214.08. The disclosure for this sale can be found here. Insiders sold a total of 62,147 shares of company stock valued at $5,358,962 over the last three months. Company insiders own 2.24% of the company’s stock.

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About Integer

Integer Holdings Corporation operates as a medical device outsource manufacturer worldwide. It operates in two segments, Medical and Non-Medical. The company offers products for vascular, cardiac surgery, and structural heart diseases; peripheral vascular, neurovascular, urology, and oncology products; and electrophysiology, infusion therapy, and hemodialysis products.

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Institutional Ownership by Quarter for Integer (NYSE:ITGR)

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