Laurion Capital Management LP reduced its position in shares of Integer Holdings Corp (NYSE:ITGR) by 38.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,394 shares of the medical equipment provider’s stock after selling 2,091 shares during the quarter. Laurion Capital Management LP’s holdings in Integer were worth $282,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in ITGR. Point72 Hong Kong Ltd bought a new stake in Integer during the 2nd quarter valued at about $111,000. Federated Investors Inc. PA increased its stake in Integer by 236.3% during the 2nd quarter. Federated Investors Inc. PA now owns 2,411 shares of the medical equipment provider’s stock valued at $156,000 after purchasing an additional 1,694 shares in the last quarter. BlueMountain Capital Management LLC bought a new stake in shares of Integer in the second quarter worth approximately $194,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Integer in the third quarter worth approximately $219,000. Finally, Zions Bancorporation bought a new stake in shares of Integer in the second quarter worth approximately $234,000. Institutional investors and hedge funds own 96.15% of the company’s stock.
Shares of ITGR stock opened at $84.27 on Friday. Integer Holdings Corp has a 52 week low of $42.50 and a 52 week high of $90.03. The company has a market capitalization of $2.73 billion, a PE ratio of 22.84 and a beta of 0.90. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.41 and a quick ratio of 1.32.
Integer (NYSE:ITGR) last announced its quarterly earnings results on Thursday, November 1st. The medical equipment provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.14. Integer had a net margin of 14.12% and a return on equity of 12.78%. The firm had revenue of $305.10 million during the quarter, compared to analyst estimates of $301.95 million. During the same period in the previous year, the business posted $0.91 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities research analysts anticipate that Integer Holdings Corp will post 3.66 EPS for the current fiscal year.
ITGR has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price target on shares of Integer to $84.00 in a research note on Friday, November 2nd. TheStreet lowered shares of Integer from a “b” rating to a “c+” rating in a research note on Friday, November 2nd. Zacks Investment Research lowered shares of Integer from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. Finally, KeyCorp lifted their price target on shares of Integer from $81.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, November 2nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Integer presently has an average rating of “Buy” and an average target price of $82.20.
In related news, EVP Joseph F. Flanagan sold 13,633 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $86.42, for a total value of $1,178,163.86. Following the transaction, the executive vice president now owns 12,622 shares of the company’s stock, valued at $1,090,793.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Bill R. Sanford sold 11,169 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $89.17, for a total transaction of $995,939.73. Following the completion of the transaction, the director now directly owns 77,021 shares in the company, valued at approximately $6,867,962.57. The disclosure for this sale can be found here. Insiders sold 30,569 shares of company stock valued at $2,653,687 over the last quarter. Company insiders own 3.60% of the company’s stock.
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Integer Holdings Corp. engages in manufacturing and developing medical devices and components. It operates through Medical and Non-Medical segments. The Medical segment include cardio and vascular; cardiac and neuromodulation; and advanced surgical, orthopedics, and portable medical. The Non-Medical segment focuses on lithium cells, and primary and secondary battery packs for applications in the energy, military and environmental markets.The company was founded by Wilson Greatbatch in 1970 and is headquartered in Frisco, TX.
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