SG Americas Securities LLC Sells 7,520 Shares of Integer Holdings Co. (NYSE:ITGR)

SG Americas Securities LLC lessened its stake in shares of Integer Holdings Co. (NYSE:ITGRGet Rating) by 44.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,499 shares of the medical equipment provider’s stock after selling 7,520 shares during the quarter. SG Americas Securities LLC’s holdings in Integer were worth $591,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ITGR. Raymond James & Associates grew its stake in shares of Integer by 12.6% during the first quarter. Raymond James & Associates now owns 40,898 shares of the medical equipment provider’s stock worth $3,295,000 after buying an additional 4,578 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Integer by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 406,645 shares of the medical equipment provider’s stock worth $32,763,000 after purchasing an additional 5,256 shares during the period. American Century Companies Inc. lifted its holdings in shares of Integer by 20.9% during the first quarter. American Century Companies Inc. now owns 5,573 shares of the medical equipment provider’s stock worth $449,000 after purchasing an additional 963 shares during the period. US Bancorp DE lifted its holdings in shares of Integer by 11.8% during the first quarter. US Bancorp DE now owns 9,970 shares of the medical equipment provider’s stock worth $803,000 after purchasing an additional 1,051 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in shares of Integer by 2.9% during the first quarter. HighTower Advisors LLC now owns 7,831 shares of the medical equipment provider’s stock worth $632,000 after purchasing an additional 217 shares during the period. Institutional investors own 98.42% of the company’s stock.

Insider Activity at Integer

In other news, CEO Joseph W. Dziedzic bought 4,000 shares of the company’s stock in a transaction that occurred on Friday, December 16th. The shares were acquired at an average price of $61.95 per share, for a total transaction of $247,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 122,378 shares in the company, valued at $7,581,317.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.01% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Benchmark cut their price target on shares of Integer to $90.00 in a report on Tuesday, November 1st. StockNews.com assumed coverage on shares of Integer in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, KeyCorp cut their price target on shares of Integer from $97.00 to $84.00 and set an “overweight” rating on the stock in a report on Thursday, October 6th.

Integer Price Performance

ITGR stock opened at $74.21 on Monday. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 34.52 and a beta of 1.17. The company has a quick ratio of 1.74, a current ratio of 2.80 and a debt-to-equity ratio of 0.68. Integer Holdings Co. has a 12-month low of $50.05 and a 12-month high of $88.58. The company’s fifty day simple moving average is $70.58 and its 200 day simple moving average is $66.74.

Integer (NYSE:ITGRGet Rating) last released its earnings results on Thursday, October 27th. The medical equipment provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $342.68 million for the quarter, compared to analyst estimates of $343.15 million. Integer had a net margin of 5.47% and a return on equity of 9.24%. On average, analysts expect that Integer Holdings Co. will post 3.77 earnings per share for the current year.

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.

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Institutional Ownership by Quarter for Integer (NYSE:ITGR)

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