Louisiana State Employees Retirement System increased its position in Integer Holdings Co. (NASDAQ:ITGR) by 0.9% during the second quarter, Holdings Channel reports. The institutional investor owned 11,300 shares of the medical equipment provider’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Integer Holdings were worth $489,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in ITGR. Nationwide Fund Advisors boosted its stake in shares of Integer Holdings by 7.8% in the first quarter. Nationwide Fund Advisors now owns 24,089 shares of the medical equipment provider’s stock worth $968,000 after buying an additional 1,734 shares during the period. Prudential Financial Inc. boosted its stake in shares of Integer Holdings by 9.8% in the first quarter. Prudential Financial Inc. now owns 51,987 shares of the medical equipment provider’s stock worth $2,090,000 after buying an additional 4,659 shares during the period. Tudor Investment Corp ET AL boosted its stake in shares of Integer Holdings by 28.7% in the first quarter. Tudor Investment Corp ET AL now owns 18,162 shares of the medical equipment provider’s stock worth $730,000 after buying an additional 4,045 shares during the period. Mason Street Advisors LLC boosted its stake in shares of Integer Holdings by 7.5% in the first quarter. Mason Street Advisors LLC now owns 6,451 shares of the medical equipment provider’s stock worth $259,000 after buying an additional 450 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Integer Holdings during the first quarter worth about $376,000.
Shares of Integer Holdings Co. (NASDAQ:ITGR) traded up 1.70% during midday trading on Friday, hitting $44.90. 272,482 shares of the stock were exchanged. The company has a market capitalization of $1.42 billion, a P/E ratio of 77.15 and a beta of 1.30. Integer Holdings Co. has a 1-year low of $18.10 and a 1-year high of $47.09. The firm has a 50-day moving average of $44.30 and a 200-day moving average of $39.56.
Integer Holdings (NASDAQ:ITGR) last posted its earnings results on Thursday, July 27th. The medical equipment provider reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by $0.11. The company had revenue of $363 million for the quarter, compared to analysts’ expectations of $353.68 million. During the same period in the previous year, the business posted $0.56 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts expect that Integer Holdings Co. will post $2.76 EPS for the current year.
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A number of brokerages have recently issued reports on ITGR. Zacks Investment Research cut shares of Integer Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $35.00 price objective on shares of Integer Holdings in a research note on Friday, April 21st. Finally, Craig Hallum cut shares of Integer Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th.
In related news, insider Jennifer M. Bolt sold 3,626 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $41.04, for a total value of $148,811.04. Following the completion of the transaction, the insider now directly owns 14,834 shares of the company’s stock, valued at $608,787.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
About Integer Holdings
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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