First Trust Advisors LP grew its holdings in Integer Holdings Co. (NYSE:ITGR) by 241.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 55,942 shares of the medical equipment provider’s stock after buying an additional 39,558 shares during the quarter. First Trust Advisors LP owned approximately 0.18% of Integer worth $2,534,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zions Bancorporation purchased a new stake in Integer in the 3rd quarter worth approximately $174,000. LS Investment Advisors LLC lifted its holdings in Integer by 298.1% in the 4th quarter. LS Investment Advisors LLC now owns 4,339 shares of the medical equipment provider’s stock worth $197,000 after buying an additional 3,249 shares during the period. Amalgamated Bank purchased a new stake in Integer in the 3rd quarter worth approximately $212,000. Bessemer Group Inc. bought a new position in shares of Integer in the 3rd quarter worth approximately $220,000. Finally, Quantbot Technologies LP raised its position in shares of Integer by 21.5% in 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 in the last quarter. Institutional investors and hedge funds own 95.82% of the company’s stock.
Shares of NYSE:ITGR traded down $0.80 during trading on Friday, hitting $55.45. The stock had a trading volume of 126,947 shares, compared to its average volume of 234,824. Integer Holdings Co. has a 12 month low of $33.90 and a 12 month high of $58.54. The firm has a market capitalization of $1,768.91, a P/E ratio of 19.73, a P/E/G ratio of 1.12 and a beta of 0.86. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.46 and a current ratio of 2.55.
Integer (NYSE:ITGR) last posted its quarterly earnings data on Thursday, February 22nd. The medical equipment provider reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.17. Integer had a return on equity of 11.13% and a net margin of 4.56%. The company had revenue of $390.50 million during the quarter, compared to analyst estimates of $358.42 million. During the same quarter last year, the company earned $0.87 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. equities analysts forecast that Integer Holdings Co. will post 3.3 EPS for the current fiscal year.
ITGR has been the subject of several research reports. TheStreet raised Integer from a “c+” rating to a “b” rating in a research report on Monday, March 12th. ValuEngine raised Integer from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research raised Integer from a “sell” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Wednesday, December 27th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $51.00.
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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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