Park Avenue Securities LLC Grows Position in Integer Holdings Co. (NYSE:ITGR)

Park Avenue Securities LLC boosted its stake in Integer Holdings Co. (NYSE:ITGRGet Rating) by 11.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,809 shares of the medical equipment provider’s stock after purchasing an additional 396 shares during the quarter. Park Avenue Securities LLC’s holdings in Integer were worth $307,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ITGR. Northwestern Mutual Wealth Management Co. acquired a new position in Integer during the fourth quarter valued at approximately $26,000. CWM LLC acquired a new position in Integer during the fourth quarter valued at approximately $27,000. UMB Bank N A MO acquired a new position in Integer during the fourth quarter valued at approximately $34,000. Baltimore Washington Financial Advisors Inc. acquired a new position in Integer during the fourth quarter valued at approximately $51,000. Finally, US Asset Management LLC acquired a new position in Integer during the first quarter valued at approximately $59,000. 99.43% of the stock is currently owned by hedge funds and other institutional investors.

Integer Trading Down 0.1 %

NYSE ITGR opened at $69.27 on Wednesday. The company’s fifty day simple moving average is $72.24 and its 200-day simple moving average is $77.23. Integer Holdings Co. has a 52 week low of $64.95 and a 52 week high of $101.61. The company has a current ratio of 2.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.60. The stock has a market cap of $2.29 billion, a P/E ratio of 26.64 and a beta of 1.29.

Integer (NYSE:ITGRGet Rating) last posted its earnings results 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). Integer had a return on equity of 9.65% and a net margin of 6.98%. The firm had revenue of $310.90 million for the quarter, compared to analyst estimates of $314.57 million. During the same period in the previous year, the firm posted $0.97 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts predict that Integer Holdings Co. will post 4.51 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. TheStreet cut shares of Integer from a “b-” rating to a “c+” rating in a research report on Friday, May 13th. StockNews.com cut shares of Integer from a “buy” rating to a “hold” rating in a research report on Monday, April 25th.

About Integer

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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.

See Also

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Institutional Ownership by Quarter for Integer (NYSE:ITGR)

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