Public Employees Retirement System of Ohio Lowers Holdings in Integer Holdings Co. (ITGR)
Public Employees Retirement System of Ohio cut its stake in Integer Holdings Co. (NYSE:ITGR) by 6.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,936 shares of the medical equipment provider’s stock after selling 1,324 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.06% of Integer worth $1,020,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in ITGR. Meeder Asset Management Inc. grew its position in shares of Integer by 411.1% in the third quarter. Meeder Asset Management Inc. now owns 2,034 shares of the medical equipment provider’s stock valued at $104,000 after purchasing an additional 1,636 shares in the last quarter. Zions Bancorporation purchased a new position in shares of Integer in the third quarter valued at $174,000. Amalgamated Bank purchased a new position in shares of Integer in the third quarter valued at $212,000. Bessemer Group Inc. purchased a new position in shares of Integer in the third quarter valued at $220,000. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of Integer in the second quarter valued at $260,000. Institutional investors own 95.02% of the company’s stock.
Integer Holdings Co. (ITGR) opened at $45.85 on Friday. Integer Holdings Co. has a 52-week low of $29.00 and a 52-week high of $55.20. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.37 and a current ratio of 2.58. The company has a market capitalization of $1,420.00, a PE ratio of 71.64, a P/E/G ratio of 0.95 and a beta of 1.07.
Integer (NYSE:ITGR) last posted its earnings results on Thursday, October 26th. The medical equipment provider reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.04. Integer had a return on equity of 11.22% and a net margin of 1.42%. The business had revenue of $363.31 million during the quarter, compared to analysts’ expectations of $354.83 million. During the same period in the previous year, the business earned $0.83 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. equities research analysts predict that Integer Holdings Co. will post 2.62 EPS for the current year.
In other Integer news, insider Jennifer M. Bolt sold 7,626 shares of Integer stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $48.22, for a total transaction of $367,725.72. Following the completion of the sale, the insider now owns 12,735 shares of the company’s stock, valued at $614,081.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bill R. Sanford sold 20,605 shares of Integer stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $46.00, for a total value of $947,830.00. Following the sale, the director now directly owns 63,606 shares of the company’s stock, valued at approximately $2,925,876. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,625 shares of company stock valued at $4,694,219. Corporate insiders own 4.80% of the company’s stock.
Several equities analysts recently commented on the company. TheStreet upgraded Integer from a “c+” rating to a “b-” rating in a research report on Wednesday, October 18th. ValuEngine upgraded Integer from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. BidaskClub cut Integer from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 28th. KeyCorp restated an “overweight” rating and set a $62.00 target price (up from $51.00) on shares of Integer in a research report on Monday, September 18th. Finally, Royal Bank of Canada restated a “hold” rating and set a $40.00 target price on shares of Integer in a research report on Friday, September 22nd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Integer presently has a consensus rating of “Hold” and a consensus target price of $51.00.
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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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