Macquarie Group Ltd. Cuts Holdings in Integer Holdings Corp (ITGR)

Macquarie Group Ltd. cut its holdings in shares of Integer Holdings Corp (NYSE:ITGR) by 97.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 500 shares of the medical equipment provider’s stock after selling 18,200 shares during the period. Macquarie Group Ltd.’s holdings in Integer were worth $38,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Integer by 0.6% in the fourth quarter. BlackRock Inc. now owns 4,795,926 shares of the medical equipment provider’s stock worth $365,737,000 after acquiring an additional 27,719 shares during the period. Vanguard Group Inc boosted its holdings in Integer by 4.2% during the 3rd quarter. Vanguard Group Inc now owns 3,278,299 shares of the medical equipment provider’s stock valued at $271,935,000 after acquiring an additional 131,450 shares during the period. Vanguard Group Inc. boosted its holdings in Integer by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,278,299 shares of the medical equipment provider’s stock valued at $271,935,000 after acquiring an additional 131,450 shares during the period. Fisher Asset Management LLC boosted its holdings in Integer by 0.8% during the 4th quarter. Fisher Asset Management LLC now owns 1,202,218 shares of the medical equipment provider’s stock valued at $91,681,000 after acquiring an additional 9,362 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Integer by 1.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 488,808 shares of the medical equipment provider’s stock valued at $40,547,000 after acquiring an additional 6,914 shares during the period. 95.80% of the stock is owned by institutional investors.

In related news, Director Donald J. Spence sold 50,559 shares of Integer stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $85.41, for a total transaction of $4,318,244.19. Following the transaction, the director now directly owns 41,285 shares in the company, valued at $3,526,151.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jose Antonio Gonzalez sold 9,088 shares of Integer stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $90.88, for a total value of $825,917.44. Following the transaction, the insider now owns 11,899 shares in the company, valued at $1,081,381.12. The disclosure for this sale can be found here. Insiders have sold 62,147 shares of company stock worth $5,358,962 over the last quarter. 2.24% of the stock is owned by company insiders.

Several equities research analysts recently weighed in on the company. Zacks Investment Research cut Integer from a “strong-buy” rating to a “hold” rating in a report on Monday, January 7th. ValuEngine cut Integer from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Royal Bank of Canada increased their price objective on Integer from $84.00 to $92.00 and gave the stock a “sector perform” rating in a report on Monday, February 25th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $89.40.

NYSE ITGR opened at $70.89 on Friday. Integer Holdings Corp has a fifty-two week low of $54.20 and a fifty-two week high of $92.61. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.53 and a quick ratio of 1.37. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 18.80 and a beta of 0.98.

Integer (NYSE:ITGR) last released its quarterly earnings data on Thursday, February 21st. The medical equipment provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.12. The business had revenue of $303.00 million during the quarter, compared to analysts’ expectations of $301.25 million. Integer had a return on equity of 12.56% and a net margin of 12.88%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $0.96 EPS. As a group, research analysts expect that Integer Holdings Corp will post 4.2 earnings per share for the current year.

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About Integer

Integer Holdings Corporation operates as a medical device outsource manufacturer worldwide. It operates in two segments, Medical and Non-Medical. The company offers products for vascular, cardiac surgery, and structural heart diseases; peripheral vascular, neurovascular, urology, and oncology products; and electrophysiology, infusion therapy, and hemodialysis products.

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Institutional Ownership by Quarter for Integer (NYSE:ITGR)

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