State of Tennessee Treasury Department boosted its stake in shares of Integer Holdings Co. (NYSE:ITGR – Get Rating) by 7.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,640 shares of the medical equipment provider's stock after buying an additional 1,564 shares during the period. State of Tennessee Treasury Department owned 0.07% of Integer worth $1,824,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank N A MO acquired a new position in Integer during the fourth quarter worth $34,000. US Asset Management LLC purchased a new stake in Integer in the first quarter valued at $59,000. Clearstead Advisors LLC purchased a new stake in Integer in the first quarter valued at $93,000. Bailard Inc. purchased a new stake in Integer in the first quarter valued at $209,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Integer in the first quarter valued at $253,000. Institutional investors and hedge funds own 99.43% of the company's stock.
Get Integer alerts:Integer Price Performance
ITGR stock opened at $65.08 on Tuesday. The company has a current ratio of 2.70, a quick ratio of 1.71 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $2.16 billion, a PE ratio of 27.93 and a beta of 1.21. Integer Holdings Co. has a 12-month low of $64.73 and a 12-month high of $100.71. The business's fifty day moving average price is $70.05 and its 200 day moving average price is $75.60.
Integer (NYSE:ITGR – Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The medical equipment provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.14). The firm had revenue of $350.10 million during the quarter, compared to analysts' expectations of $343.57 million. Integer had a net margin of 6.10% and a return on equity of 9.50%. Integer's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. On average, sell-side analysts anticipate that Integer Holdings Co. will post 4.3 EPS for the current year.Insider Activity at Integer
In other Integer news, insider Carter Houghton sold 2,708 shares of the company's stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $74.13, for a total transaction of $200,744.04. Following the sale, the insider now owns 3,262 shares in the company, valued at approximately $241,812.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.01% of the company's stock.
Analyst Ratings Changes
ITGR has been the topic of a number of research analyst reports. KeyCorp reduced their target price on Integer from $109.00 to $97.00 and set an "overweight" rating on the stock in a research report on Friday, July 29th. TheStreet downgraded Integer from a "b-" rating to a "c+" rating in a research report on Friday, May 13th.
Integer Profile
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Integer Holdings Corporation operates as a medical device outsource manufacturer in the United States, Puerto Rico, Costa Rica, and internationally. It operates through Medical and Non-Medical segments. The company offers products for interventional cardiology, structural heart, heart failure, peripheral vascular, neurovascular, interventional oncology, electrophysiology, vascular access, infusion therapy, hemodialysis, urology, and gastroenterology procedures.
Further Reading
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