First Trust Capital Management L.P. Makes New $64.25 Million Investment in Integer Holdings Corporation $ITGR

First Trust Capital Management L.P. purchased a new position in shares of Integer Holdings Corporation (NYSE:ITGR) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 508,487 shares of the medical equipment provider’s stock, valued at approximately $64,247,000. Integer comprises 3.1% of First Trust Capital Management L.P.’s portfolio, making the stock its 7th biggest position. First Trust Capital Management L.P. owned about 1.50% of Integer at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Maryland State Retirement & Pension System boosted its holdings in shares of Integer by 52.8% during the 3rd quarter. Maryland State Retirement & Pension System now owns 7,547 shares of the medical equipment provider’s stock worth $954,000 after purchasing an additional 2,609 shares during the last quarter. Lido Advisors LLC increased its holdings in shares of Integer by 65.8% in the third quarter. Lido Advisors LLC now owns 6,846 shares of the medical equipment provider’s stock valued at $865,000 after purchasing an additional 2,717 shares during the last quarter. New York Life Investment Management LLC acquired a new stake in shares of Integer in the third quarter valued at approximately $5,087,000. Ethic Inc. lifted its position in Integer by 28.9% during the third quarter. Ethic Inc. now owns 2,925 shares of the medical equipment provider’s stock worth $370,000 after buying an additional 655 shares in the last quarter. Finally, Heritage Family Offices LLP purchased a new position in Integer during the third quarter worth approximately $109,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Integer Stock Down 0.1%

Shares of NYSE ITGR opened at $126.58 on Friday. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 2.41 and a beta of 0.60. The company has a quick ratio of 2.60, a current ratio of 3.98 and a debt-to-equity ratio of 0.73. Integer Holdings Corporation has a 52-week low of $66.51 and a 52-week high of $126.83. The business’s 50 day moving average is $126.47 and its two-hundred day moving average is $102.68.

Integer (NYSE:ITGR) last released 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). Integer had a return on equity of 11.84% and a net margin of 5.68%. The firm had revenue of $449.66 million for the quarter, compared to analysts’ expectations of $456.91 million. During the same quarter in the prior year, the business earned $1.79 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. Research analysts predict that Integer Holdings Corporation will post 6.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Zacks Research upgraded Integer from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. HC Wainwright reiterated a “buy” rating on shares of Integer in a report on Friday, July 24th. Truist Financial cut shares of Integer from a “buy” rating to a “hold” rating and boosted their price target for the company from $110.00 to $127.00 in a research report on Monday, August 3rd. Oppenheimer lowered shares of Integer from an “outperform” rating to a “market perform” rating in a report on Monday, August 3rd. Finally, Raymond James Financial cut shares of Integer from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $113.67.

Insider Activity at Integer

In other Integer news, insider Kirk Thor sold 11,767 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $126.23, for a total value of $1,485,348.41. Following the sale, the insider owned 7,153 shares of the company’s stock, valued at $902,923.19. This trade represents a 62.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Andrew Senn sold 9,408 shares of Integer stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $126.30, for a total value of $1,188,230.40. Following the sale, the insider directly owned 5,405 shares of the company’s stock, 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. Over the last ninety days, insiders have sold 40,948 shares of company stock worth $5,169,920. 1.10% of the stock is owned by insiders.

Integer 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.