Systematic Financial Management LP lowered its position in Integer Holdings Corp (NYSE:ITGR) by 1.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 14,755 shares of the medical equipment provider’s stock after selling 165 shares during the quarter. Systematic Financial Management LP’s holdings in Integer were worth $1,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new position in Integer during the fourth quarter valued at $30,458,000. American Century Companies Inc. lifted its position in Integer by 158.3% during the fourth quarter. American Century Companies Inc. now owns 379,748 shares of the medical equipment provider’s stock valued at $28,960,000 after purchasing an additional 232,702 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Integer during the fourth quarter valued at $10,747,000. Emerald Mutual Fund Advisers Trust lifted its position in Integer by 35.9% during the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 327,312 shares of the medical equipment provider’s stock valued at $24,961,000 after purchasing an additional 86,458 shares in the last quarter. Finally, Emerald Advisers LLC lifted its position in Integer by 27.1% during the fourth quarter. Emerald Advisers LLC now owns 365,157 shares of the medical equipment provider’s stock valued at $27,847,000 after purchasing an additional 77,916 shares in the last quarter. 93.84% of the stock is owned by institutional investors.
Shares of Integer stock traded down $1.68 during trading hours on Monday, hitting $69.16. The company’s stock had a trading volume of 1,081 shares, compared to its average volume of 343,885. Integer Holdings Corp has a 12-month low of $62.80 and a 12-month high of $92.61. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 18.11 and a beta of 0.91. The company has a quick ratio of 1.49, a current ratio of 2.55 and a debt-to-equity ratio of 0.84.
In other news, insider Jose Antonio Gonzalez sold 9,088 shares of Integer stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $90.88, for a total value of $825,917.44. Following the sale, the insider now directly owns 11,899 shares of the company’s stock, valued at $1,081,381.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donald J. Spence sold 50,559 shares of Integer stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $85.41, for a total value of $4,318,244.19. Following the completion of the sale, the director now directly owns 41,285 shares in the company, valued at $3,526,151.85. The disclosure for this sale can be found here. Insiders sold 62,147 shares of company stock worth $5,358,962 over the last 90 days. Company insiders own 2.24% of the company’s stock.
Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Integer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 24th. ValuEngine downgraded Integer from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Finally, Royal Bank of Canada boosted their price objective on Integer from $84.00 to $92.00 and gave the company a “sector perform” rating in a research report on Monday, February 25th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Integer has a consensus rating of “Buy” and a consensus price target of $89.40.
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Integer Company Profile
Integer Holdings Corporation operates as a medical device outsource manufacturer worldwide. It operates in two segments, Medical and Non-Medical. The company offers products for vascular, cardiac surgery, and structural heart diseases; peripheral vascular, neurovascular, urology, and oncology products; and electrophysiology, infusion therapy, and hemodialysis products.
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