Sciencast Management LP Acquires Shares of 5,300 Integer Holdings Corp (ITGR)

Sciencast Management LP purchased a new stake in shares of Integer Holdings Corp (NYSE:ITGR) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,300 shares of the medical equipment provider’s stock, valued at approximately $405,000.

Several other hedge funds have also recently added to or reduced their stakes in ITGR. Financial Gravity Companies Inc. acquired a new position in Integer in the 4th quarter valued at approximately $49,000. PNC Financial Services Group Inc. increased its stake in Integer by 15.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,065 shares of the medical equipment provider’s stock valued at $81,000 after buying an additional 145 shares during the period. Quantamental Technologies LLC acquired a new position in Integer in the 4th quarter valued at approximately $107,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Integer by 23.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,047 shares of the medical equipment provider’s stock worth $156,000 after acquiring an additional 395 shares in the last quarter. Finally, Magnus Financial Group LLC bought a new stake in Integer in the fourth quarter worth approximately $223,000. Institutional investors and hedge funds own 94.59% of the company’s stock.

Shares of NYSE ITGR traded down $1.23 during trading hours on Friday, hitting $75.30. 238,117 shares of the stock were exchanged, compared to its average volume of 358,352. The company has a current ratio of 2.55, a quick ratio of 1.49 and a debt-to-equity ratio of 0.84. The company has a market cap of $2.46 billion, a P/E ratio of 19.82 and a beta of 0.91. Integer Holdings Corp has a one year low of $62.80 and a one year high of $92.61.

Integer (NYSE:ITGR) last posted its quarterly earnings data on Thursday, May 2nd. The medical equipment provider reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.20. The business had revenue of $314.70 million during the quarter, compared to the consensus estimate of $302.29 million. Integer had a net margin of 14.67% and a return on equity of 13.37%. Integer’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 EPS. Equities research analysts forecast that Integer Holdings Corp will post 4.3 EPS for the current fiscal year.

In other Integer news, insider Jose Antonio Gonzalez sold 9,088 shares of the 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 completion of the sale, the insider now directly owns 11,899 shares of the company’s stock, valued at approximately $1,081,381.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Anthony W. Borowicz sold 2,500 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $85.92, for a total transaction of $214,800.00. Following the completion of the sale, the senior vice president now directly owns 18,124 shares of the company’s stock, valued at $1,557,214.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,147 shares of company stock valued at $5,358,962. Insiders own 2.24% of the company’s stock.

ITGR has been the subject of several recent research reports. Zacks Investment Research raised shares of Integer from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research report on Friday, January 18th. ValuEngine downgraded shares of Integer from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Finally, Royal Bank of Canada boosted their target price on shares of Integer from $84.00 to $92.00 and gave the stock a “sector perform” rating in a research report on Monday, February 25th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $89.40.

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Integer Profile

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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