First Horizon Advisors Inc. cut its stake in Integer Holdings Co. (NYSE:ITGR – Get Rating) by 24.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 558 shares of the medical equipment provider’s stock after selling 181 shares during the period. First Horizon Advisors Inc.’s holdings in Integer were worth $46,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of ITGR. Allspring Global Investments Holdings LLC acquired a new position in shares of Integer in the 4th quarter worth approximately $34,999,000. BlackRock Inc. raised its holdings in shares of Integer by 3.3% in the 3rd quarter. BlackRock Inc. now owns 5,649,531 shares of the medical equipment provider’s stock worth $504,730,000 after buying an additional 178,900 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Integer by 17.5% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 810,159 shares of the medical equipment provider’s stock worth $72,380,000 after buying an additional 120,448 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Integer during the 4th quarter valued at $9,826,000. Finally, Millennium Management LLC increased its holdings in Integer by 691.6% during the 3rd quarter. Millennium Management LLC now owns 103,305 shares of the medical equipment provider’s stock valued at $9,229,000 after purchasing an additional 90,255 shares in the last quarter. 99.43% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on ITGR shares. StockNews.com cut Integer from a “buy” rating to a “hold” rating in a report on Monday, April 25th. KeyCorp dropped their price target on Integer from $111.00 to $109.00 and set an “overweight” rating for the company in a report on Tuesday, March 1st.
Integer (NYSE:ITGR – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The medical equipment provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.11). The firm had revenue of $310.90 million during the quarter, compared to the consensus estimate of $314.57 million. Integer had a net margin of 6.98% and a return on equity of 9.65%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.97 earnings per share. As a group, research analysts forecast that Integer Holdings Co. will post 4.51 EPS for the current year.
Integer Company Profile (Get Rating)
Integer Holdings Corporation operates as a medical device outsource manufacturer in the United States, Puerto Rico, Costa Rica, and internationally. It operates through Medical and Non-Medical segments. The company offers products for interventional cardiology, structural heart, heart failure, peripheral vascular, neurovascular, interventional oncology, electrophysiology, vascular access, infusion therapy, hemodialysis, urology, and gastroenterology procedures.
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