Counterpoint Mutual Funds LLC Makes New Investment in Integer Holdings Corporation $ITGR

Counterpoint Mutual Funds LLC bought a new position in Integer Holdings Corporation (NYSE:ITGR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,074 shares of the medical equipment provider’s stock, valued at approximately $894,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Integer in the second quarter valued at $29,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Integer by 48.1% during the first quarter. EverSource Wealth Advisors LLC now owns 360 shares of the medical equipment provider’s stock valued at $32,000 after acquiring an additional 117 shares during the period. Fortitude Family Office LLC boosted its holdings in shares of Integer by 987.2% during the third quarter. Fortitude Family Office LLC now owns 424 shares of the medical equipment provider’s stock valued at $54,000 after acquiring an additional 385 shares during the period. Harbor Investment Advisory LLC bought a new position in shares of Integer during the second quarter worth about $42,000. Finally, Farther Finance Advisors LLC grew its position in shares of Integer by 64.4% during the third quarter. Farther Finance Advisors LLC now owns 490 shares of the medical equipment provider’s stock worth $62,000 after acquiring an additional 192 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Oppenheimer cut shares of Integer from an “outperform” rating to a “market perform” rating in a report on Monday, August 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Integer in a research report on Monday, September 14th. Freedom Capital lowered shares of Integer from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Raymond James Financial cut shares of Integer from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 3rd. Finally, Piper Sandler cut shares of Integer from an “overweight” rating to a “hold” rating and set a $127.00 target price for the company. in a research report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $109.86.

Integer Stock Down 0.0%

ITGR opened at $126.70 on Friday. Integer Holdings Corporation has a 12 month low of $62.00 and a 12 month high of $126.79. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.73 and a quick ratio of 2.41. The stock has a market cap of $4.31 billion, a P/E ratio of 34.62, a P/E/G ratio of 2.41 and a beta of 0.58. The stock’s 50 day moving average price is $125.97 and its 200 day moving average price is $104.44.

Integer (NYSE:ITGR) last announced its earnings results on Monday, August 3rd. The medical equipment provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.22. Integer had a return on equity of 12.79% and a net margin of 6.97%. The firm had revenue of $464.11 million for the quarter, compared to the consensus estimate of $451.07 million. During the same quarter in the previous year, the business earned $1.55 EPS. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. As a group, research analysts predict that Integer Holdings Corporation will post 6.09 earnings per share for the current year.

Insider Buying and Selling at Integer

In other news, insider Kirk Thor sold 19,773 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $126.25, for a total transaction of $2,496,341.25. Following the transaction, the insider directly owned 18,920 shares of the company’s stock, valued at approximately $2,388,650. This trade represents a 51.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew Senn sold 9,408 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $126.30, for a total value of $1,188,230.40. Following the transaction, the insider directly owned 5,405 shares in the company, valued at $682,651.50. This trade represents a 63.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 40,948 shares of company stock valued at $5,169,920. Company insiders own 1.10% of the company’s stock.

About Integer

Integer Holdings Corporation (NYSE: ITGR) is a medical device contract development and manufacturing company. The company designs, develops and manufactures components and finished products for medical device manufacturers, helping customers bring products from concept and development through commercial production.

Integer’s products and technologies support a range of medical applications, including cardiac and vascular devices, neuromodulation systems, orthopedics, and other specialty medical products.