40,260 Shares in Integer Holdings Corporation $ITGR Bought by New York Life Investment Management LLC

New York Life Investment Management LLC purchased a new position in shares of Integer Holdings Corporation (NYSE:ITGR) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 40,260 shares of the medical equipment provider’s stock, valued at approximately $5,087,000. New York Life Investment Management LLC owned about 0.12% of Integer as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Integer in the second quarter valued at approximately $29,000. EverSource Wealth Advisors LLC boosted its holdings in Integer by 48.1% during the first quarter. EverSource Wealth Advisors LLC now owns 360 shares of the medical equipment provider’s stock worth $32,000 after purchasing an additional 117 shares during the last quarter. Harbor Investment Advisory LLC acquired a new position in Integer during the second quarter worth $42,000. Global Retirement Partners LLC acquired a new position in Integer during the second quarter worth $46,000. Finally, Public Employees Retirement System of Ohio bought a new position in Integer in the second quarter valued at $48,000. 99.29% of the stock is owned by institutional investors.

Integer Price Performance

NYSE:ITGR opened at $126.58 on Friday. The company has a quick ratio of 2.60, a current ratio of 3.98 and a debt-to-equity ratio of 0.73. The stock’s 50 day moving average price is $126.47 and its two-hundred day moving average price is $102.68. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 42.47, a P/E/G ratio of 2.41 and a beta of 0.60. Integer Holdings Corporation has a 12-month low of $66.51 and a 12-month high of $126.83.

Integer (NYSE:ITGR) last issued its earnings results on Thursday, October 29th. The medical equipment provider reported $1.34 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.34). The business had revenue of $449.66 million for the quarter, compared to the consensus estimate of $456.91 million. Integer had a return on equity of 11.84% and a net margin of 5.68%. The business’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.79 earnings per share. On average, analysts anticipate that Integer Holdings Corporation will post 6.09 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on ITGR shares. KeyCorp lowered shares of Integer from an “overweight” rating to a “sector weight” rating in a research note on Monday, August 3rd. Freedom Capital downgraded shares of Integer from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. HC Wainwright restated a “buy” rating on shares of Integer in a research note on Friday, July 24th. Wells Fargo & Company raised their price objective on Integer from $84.00 to $127.00 and gave the company an “equal weight” rating in a report on Tuesday, August 4th. Finally, Oppenheimer downgraded Integer from an “outperform” rating to a “market perform” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $113.67.

Insiders Place Their Bets

In other Integer news, insider Kirk Thor sold 11,767 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $126.23, for a total transaction of $1,485,348.41. Following the completion of the sale, the insider owned 7,153 shares of the company’s stock, valued at $902,923.19. This trade represents a 62.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Andrew Senn sold 9,408 shares of Integer stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $126.30, for a total transaction of $1,188,230.40. Following the transaction, the insider directly owned 5,405 shares of the company’s stock, valued at approximately $682,651.50. This trade represents a 63.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 40,948 shares of company stock worth $5,169,920. 1.10% of the stock is owned by company insiders.

Integer Profile

Integer Holdings Corporation develops and manufactures medical-device components and provides outsourced manufacturing services for medical technology companies. Its products are used in devices for cardiac rhythm management, neuromodulation, cardiovascular care, and other medical applications. The company’s offerings include batteries, capacitors, leads, catheters, and precision components, as well as engineered assemblies and manufacturing support. Integer serves medical-device original equipment manufacturers around the world.