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ProShare Advisors LLC Sells 867 Shares of Integer Holdings Co. (NYSE:ITGR)

Defense World ·  Sep 1, 2022 04:51

ProShare Advisors LLC reduced its holdings in shares of Integer Holdings Co. (NYSE:ITGR – Get Rating) by 10.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,310 shares of the medical equipment provider's stock after selling 867 shares during the quarter. ProShare Advisors LLC's holdings in Integer were worth $590,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ITGR. Advisor Group Holdings Inc. grew its position in Integer by 25.0% in the fourth quarter. Advisor Group Holdings Inc. now owns 5,155 shares of the medical equipment provider's stock valued at $442,000 after purchasing an additional 1,031 shares in the last quarter. American Century Companies Inc. increased its position in shares of Integer by 24.0% in the fourth quarter. American Century Companies Inc. now owns 4,610 shares of the medical equipment provider's stock valued at $395,000 after acquiring an additional 893 shares during the last quarter. abrdn plc raised its holdings in Integer by 10.3% during the fourth quarter. abrdn plc now owns 790,246 shares of the medical equipment provider's stock worth $67,637,000 after acquiring an additional 73,531 shares in the last quarter. Profund Advisors LLC boosted its position in Integer by 8.5% during the fourth quarter. Profund Advisors LLC now owns 3,683 shares of the medical equipment provider's stock valued at $315,000 after purchasing an additional 289 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in Integer by 2.8% in the fourth quarter. First Trust Advisors LP now owns 16,664 shares of the medical equipment provider's stock valued at $1,426,000 after purchasing an additional 460 shares in the last quarter. 99.26% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other news, insider Carter Houghton sold 2,708 shares of the stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $74.13, for a total transaction of $200,744.04. Following the transaction, the insider now owns 3,262 shares in the company, valued at $241,812.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ITGR. KeyCorp dropped their price objective on Integer from $109.00 to $97.00 and set an "overweight" rating on the stock in a research note on Friday, July 29th. TheStreet lowered shares of Integer from a "b-" rating to a "c+" rating in a research report on Friday, May 13th.

Integer Stock Performance

Shares of NYSE ITGR opened at $63.07 on Thursday. 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 $2.09 billion, a P/E ratio of 27.07 and a beta of 1.21. Integer Holdings Co. has a 12 month low of $63.07 and a 12 month high of $100.71. The stock has a 50 day moving average of $69.83 and a 200-day moving average of $75.43.

Integer (NYSE:ITGR – Get Rating) last released its quarterly earnings data on Thursday, July 28th. The medical equipment provider reported $1.04 EPS for the quarter, missing analysts' consensus estimates of $1.18 by ($0.14). The company had revenue of $350.10 million for the quarter, compared to the consensus estimate of $343.57 million. Integer had a return on equity of 9.50% and a net margin of 6.10%. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm earned $1.07 earnings per share. As a group, equities research analysts predict that Integer Holdings Co. will post 4.3 EPS for the current year.

Integer Company 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.

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