Emerald Mutual Fund Advisers Trust lowered its stake in shares of Integer Holdings Corporation (NYSE:ITGR – Free Report) by 35.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 16,593 shares of the medical equipment provider’s stock after selling 8,919 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Integer were worth $1,460,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Integer by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,515 shares of the medical equipment provider’s stock valued at $2,539,000 after acquiring an additional 837 shares during the period. Millennium Management LLC grew its stake in shares of Integer by 2,408.8% during the 1st quarter. Millennium Management LLC now owns 123,132 shares of the medical equipment provider’s stock worth $14,531,000 after acquiring an additional 118,224 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Integer by 79,888.9% in the 1st quarter. Jones Financial Companies Lllp now owns 7,199 shares of the medical equipment provider’s stock valued at $850,000 after buying an additional 7,190 shares during the last quarter. United Services Automobile Association bought a new stake in Integer during the first quarter worth about $258,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Integer by 4.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 109,316 shares of the medical equipment provider’s stock worth $12,900,000 after purchasing an additional 4,873 shares in the last quarter. 99.29% of the stock is owned by institutional investors.
Integer Trading Up 2.9%
NYSE ITGR opened at $96.40 on Tuesday. Integer Holdings Corporation has a 12 month low of $62.00 and a 12 month high of $120.41. The business has a fifty day simple moving average of $90.82 and a 200 day simple moving average of $87.08. The company has a current ratio of 3.75, a quick ratio of 2.38 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $3.27 billion, a P/E ratio of 24.04, a PEG ratio of 2.23 and a beta of 0.64.
Wall Street Analyst Weigh In
Several brokerages have recently commented on ITGR. Weiss Ratings reiterated a “hold (c)” rating on shares of Integer in a research note on Thursday, June 18th. Citigroup raised their price objective on Integer from $92.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Zacks Research cut Integer from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Finally, Piper Sandler reissued an “overweight” rating and set a $97.00 target price (up from $87.00) on shares of Integer in a research report on Friday, May 1st. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $99.29.
View Our Latest Report on Integer
Integer Profile
Integer Holdings Corporation (NYSE: ITGR) is a global provider of outsourced medical device design, development and manufacturing solutions. The company partners with leading medical technology firms to deliver complex components, subsystems and finished devices across a range of therapeutic areas. Its services encompass concept and product design, precision machining, microelectronic assembly, terminal sterilization and regulatory support, enabling customers to accelerate time to market and optimize product performance.
Integer’s product portfolio is organized into two core segments: Advanced Delivery and MedTech.
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