First Trust Advisors LP grew its holdings in shares of Integer Holdings Co. (NYSE:ITGR) by 241.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 55,942 shares of the medical equipment provider’s stock after acquiring an additional 39,558 shares during the quarter. First Trust Advisors LP owned about 0.18% of Integer worth $2,534,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in ITGR. Zions Bancorporation acquired a new position in Integer during the 3rd quarter worth $174,000. LS Investment Advisors LLC boosted its position in Integer by 298.1% during the 4th quarter. LS Investment Advisors LLC now owns 4,339 shares of the medical equipment provider’s stock worth $197,000 after acquiring an additional 3,249 shares during the period. Amalgamated Bank acquired a new position in Integer during the 3rd quarter worth $212,000. Bessemer Group Inc. acquired a new position in Integer during the 3rd quarter worth $220,000. Finally, Quantbot Technologies LP boosted its position in Integer by 21.5% during the 3rd quarter. Quantbot Technologies LP now owns 6,255 shares of the medical equipment provider’s stock worth $319,000 after acquiring an additional 1,107 shares during the period. Institutional investors own 95.76% of the company’s stock.
In other news, EVP Joseph F. Flanagan sold 799 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $44.89, for a total transaction of $35,867.11. Following the completion of the sale, the executive vice president now directly owns 4,243 shares of the company’s stock, valued at $190,468.27. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Gary J. Haire sold 731 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $44.89, for a total value of $32,814.59. Following the sale, the chief financial officer now directly owns 1,911 shares of the company’s stock, valued at $85,784.79. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,064 shares of company stock valued at $631,333. Insiders own 4.80% of the company’s stock.
Several brokerages have recently weighed in on ITGR. TheStreet upgraded Integer from a “c+” rating to a “b” rating in a report on Monday, March 12th. ValuEngine upgraded Integer from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research upgraded Integer from a “sell” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Wednesday, December 27th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $51.00.
Shares of Integer Holdings Co. (NYSE ITGR) opened at $58.05 on Friday. The company has a quick ratio of 1.46, a current ratio of 2.55 and a debt-to-equity ratio of 1.77. The firm has a market capitalization of $1,823.12, a price-to-earnings ratio of 20.34, a PEG ratio of 1.16 and a beta of 0.99. Integer Holdings Co. has a twelve month low of $33.90 and a twelve month high of $58.35.
Integer (NYSE:ITGR) last announced its quarterly earnings data on Thursday, February 22nd. The medical equipment provider reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.17. The business had revenue of $390.50 million during the quarter, compared to analyst estimates of $358.42 million. Integer had a return on equity of 11.13% and a net margin of 4.56%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 earnings per share. analysts forecast that Integer Holdings Co. will post 3.3 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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