Teton Advisors Inc. Decreases Stake in Integer Holdings Co. (NYSE:ITGR)

Teton Advisors Inc. lowered its position in Integer Holdings Co. (NYSE:ITGRGet Rating) by 5.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 21,730 shares of the medical equipment provider’s stock after selling 1,270 shares during the quarter. Teton Advisors Inc.’s holdings in Integer were worth $1,751,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ITGR. Principal Financial Group Inc. boosted its stake in Integer by 7.1% in the 4th quarter. Principal Financial Group Inc. now owns 243,953 shares of the medical equipment provider’s stock worth $20,880,000 after purchasing an additional 16,130 shares during the period. Victory Capital Management Inc. boosted its stake in Integer by 697.7% in the 1st quarter. Victory Capital Management Inc. now owns 443,687 shares of the medical equipment provider’s stock worth $35,636,000 after purchasing an additional 388,063 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Integer by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 327,590 shares of the medical equipment provider’s stock worth $28,039,000 after purchasing an additional 9,293 shares during the period. Clark Capital Management Group Inc. bought a new position in Integer in the 4th quarter worth about $3,051,000. Finally, Advisor Group Holdings Inc. boosted its stake in Integer by 25.0% in the 4th quarter. Advisor Group Holdings Inc. now owns 5,155 shares of the medical equipment provider’s stock worth $442,000 after purchasing an additional 1,031 shares during the period. Hedge funds and other institutional investors own 99.26% of the company’s stock.

Integer Stock Performance

Shares of ITGR opened at $64.41 on Wednesday. The company has a market cap of $2.13 billion, a PE ratio of 27.64 and a beta of 1.23. 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 stock has a 50-day moving average price of $68.22 and a 200-day moving average price of $74.05. Integer Holdings Co. has a 12-month low of $59.18 and a 12-month high of $95.73.

Integer (NYSE:ITGRGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The medical equipment provider reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.14). The business had revenue of $350.10 million for the quarter, compared to the consensus estimate of $343.57 million. Integer had a net margin of 6.10% and a return on equity of 9.50%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 EPS. As a group, equities analysts forecast that Integer Holdings Co. will post 4.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, KeyCorp dropped their price target on Integer from $109.00 to $97.00 and set an “overweight” rating for the company in a research report on Friday, July 29th.

Insider Buying and Selling

In related news, insider Carter Houghton sold 2,708 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $74.13, for a total value of $200,744.04. Following the completion of the sale, the insider now owns 3,262 shares in the company, valued at approximately $241,812.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.01% of the stock is currently owned by corporate insiders.

About Integer

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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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Institutional Ownership by Quarter for Integer (NYSE:ITGR)

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