Miles Capital Inc. Has $308,000 Stake in Integer Holdings Co. (ITGR)
Miles Capital Inc. reduced its holdings in shares of Integer Holdings Co. (NASDAQ:ITGR) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,130 shares of the medical equipment provider’s stock after selling 47 shares during the quarter. Miles Capital Inc.’s holdings in Integer Holdings were worth $308,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in ITGR. Nationwide Fund Advisors boosted its position in shares of Integer Holdings by 7.8% during the 1st quarter. Nationwide Fund Advisors now owns 24,089 shares of the medical equipment provider’s stock worth $968,000 after acquiring an additional 1,734 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Integer Holdings by 3.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 38,332 shares of the medical equipment provider’s stock worth $1,538,000 after acquiring an additional 1,204 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Integer Holdings by 12.6% during the 1st quarter. Bank of New York Mellon Corp now owns 372,845 shares of the medical equipment provider’s stock worth $14,988,000 after acquiring an additional 41,810 shares in the last quarter. Comerica Bank boosted its position in shares of Integer Holdings by 4.2% during the 1st quarter. Comerica Bank now owns 30,982 shares of the medical equipment provider’s stock worth $1,140,000 after acquiring an additional 1,249 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Integer Holdings by 5.0% during the 1st quarter. Ameriprise Financial Inc. now owns 146,614 shares of the medical equipment provider’s stock worth $5,893,000 after acquiring an additional 6,975 shares in the last quarter.
Several research analysts have recently issued reports on ITGR shares. Zacks Investment Research cut Integer Holdings from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. KeyCorp reaffirmed an “overweight” rating and set a $62.00 price objective (up from $51.00) on shares of Integer Holdings in a research report on Monday, September 18th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $40.00 price objective on shares of Integer Holdings in a research report on Friday, September 22nd. Finally, BidaskClub raised Integer Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $48.00.
In other news, insider John A. Harris sold 1,261 shares of Integer Holdings stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $45.40, for a total transaction of $57,249.40. Following the sale, the insider now directly owns 2,064 shares of the company’s stock, valued at $93,705.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Integer Holdings Co. (NASDAQ:ITGR) traded down 0.10% on Friday, hitting $51.15. The stock had a trading volume of 118,681 shares. The company’s 50-day moving average is $45.74 and its 200-day moving average is $41.81. Integer Holdings Co. has a one year low of $18.10 and a one year high of $51.55. The stock has a market cap of $1.62 billion, a P/E ratio of 87.89 and a beta of 1.30.
Integer Holdings (NASDAQ:ITGR) last announced its earnings results on Thursday, July 27th. The medical equipment provider reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.11). The firm had revenue of $363.00 million during the quarter, compared to analyst estimates of $353.68 million. During the same quarter last year, the firm posted $0.56 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. On average, analysts anticipate that Integer Holdings Co. will post $2.75 earnings per share for the current fiscal year.
Integer Holdings Company Profile
Greatbatch, Inc is a developer and manufacturer of medical devices and components. The Company operates through two segments: Greatbatch Medical and QiG Group (QiG). Greatbatch Medical designs and manufactures products where the Company either owns the intellectual property or has unique manufacturing and assembly expertise.
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