508,487 Shares in Integer Holdings Corporation $ITGR Purchased by First Trust Capital Management L.P.

First Trust Capital Management L.P. purchased a new position in shares of Integer Holdings Corporation (NYSE:ITGR) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 508,487 shares of the medical equipment provider’s stock, valued at approximately $64,247,000. Integer accounts for about 3.1% of First Trust Capital Management L.P.’s holdings, making the stock its 7th biggest position.

A number of other institutional investors have also recently modified their holdings of ITGR. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Integer during the 2nd quarter worth $29,000. EverSource Wealth Advisors LLC increased its holdings in shares of Integer by 48.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 360 shares of the medical equipment provider’s stock valued at $32,000 after purchasing an additional 117 shares in the last quarter. Fortitude Family Office LLC lifted its stake in shares of Integer by 987.2% in the third quarter. Fortitude Family Office LLC now owns 424 shares of the medical equipment provider’s stock valued at $54,000 after purchasing an additional 385 shares during the period. Harbor Investment Advisory LLC acquired a new stake in shares of Integer in the second quarter valued at about $42,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Integer by 64.4% in the third quarter. Farther Finance Advisors LLC now owns 490 shares of the medical equipment provider’s stock valued at $62,000 after purchasing an additional 192 shares during the period. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Integer Stock Down 0.1%

Shares of NYSE:ITGR opened at $126.58 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.60 and a current ratio of 3.98. Integer Holdings Corporation has a 1 year low of $66.51 and a 1 year high of $126.83. The stock has a market capitalization of $4.30 billion, a P/E ratio of 21.47, a PEG ratio of 2.41 and a beta of 0.60. The stock has a 50-day simple moving average of $126.47 and a 200-day simple moving average of $102.68.

Integer (NYSE:ITGR) last posted its quarterly earnings results on Thursday, October 29th. The medical equipment provider reported $1.34 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.34). The business had revenue of $449.66 million during the quarter, compared to analysts’ expectations of $456.91 million. Integer had a net margin of 5.68% and a return on equity of 11.84%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.79 EPS. Equities analysts forecast that Integer Holdings Corporation will post 6.09 earnings per share for the current year.

Insider Buying and Selling at Integer

In related news, insider Andrew Senn sold 9,408 shares of Integer stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $126.30, for a total transaction of $1,188,230.40. Following the transaction, the insider owned 5,405 shares in the company, valued at approximately $682,651.50. The trade was a 63.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kirk K. Thor sold 11,767 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $126.23, for a total transaction of $1,485,348.41. Following the sale, the insider directly owned 7,153 shares of the company’s stock, valued at approximately $902,923.19. This trade represents a 62.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 40,948 shares of company stock valued at $5,169,920 in the last three months. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ITGR. Weiss Ratings downgraded Integer from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, November 4th. Piper Sandler downgraded Integer from an “overweight” rating to a “hold” rating and set a $127.00 price objective for the company. in a research report on Monday, August 3rd. KeyCorp downgraded Integer from an “overweight” rating to a “sector weight” rating in a research report on Monday, August 3rd. Oppenheimer lowered Integer from an “outperform” rating to a “market perform” rating in a research note on Monday, August 3rd. Finally, Benchmark cut Integer from a “buy” rating to a “hold” rating in a report on Thursday, August 13th. One analyst has rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $113.67.

Integer Company Profile

Integer Holdings Corporation develops and manufactures medical-device components and provides outsourced manufacturing services for medical technology companies. Its products are used in devices for cardiac rhythm management, neuromodulation, cardiovascular care, and other medical applications. The company’s offerings include batteries, capacitors, leads, catheters, and precision components, as well as engineered assemblies and manufacturing support. Integer serves medical-device original equipment manufacturers around the world.