Cornercap Investment Counsel Inc. acquired a new position in shares of Integer Holdings Co. (NYSE:ITGR) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 31,810 shares of the medical equipment provider’s stock, valued at approximately $1,441,000. Cornercap Investment Counsel Inc. owned about 0.10% of Integer at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zions Bancorporation acquired a new position in Integer in the 3rd quarter valued at about $174,000. Amalgamated Bank acquired a new position in Integer in the 3rd quarter valued at about $212,000. Advisor Group Inc. grew its position in Integer by 340.0% in the 4th quarter. Advisor Group Inc. now owns 4,154 shares of the medical equipment provider’s stock valued at $188,000 after acquiring an additional 3,210 shares in the last quarter. Bessemer Group Inc. acquired a new position in Integer in the 3rd quarter valued at about $220,000. Finally, LS Investment Advisors LLC grew its position in Integer by 298.1% in the 4th quarter. LS Investment Advisors LLC now owns 4,339 shares of the medical equipment provider’s stock valued at $197,000 after acquiring an additional 3,249 shares in the last quarter. 95.76% of the stock is owned by institutional investors.
Several equities analysts have weighed in on ITGR shares. ValuEngine raised Integer from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research cut Integer from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Integer presently has an average rating of “Hold” and a consensus target price of $51.00.
Integer Holdings Co. (ITGR) opened at $55.45 on Tuesday. The company has a debt-to-equity ratio of 1.77, a current ratio of 2.55 and a quick ratio of 1.46. The stock has a market capitalization of $1,716.25, a PE ratio of 26.92, a PEG ratio of 1.09 and a beta of 0.99. Integer Holdings Co. has a 52 week low of $33.90 and a 52 week high of $55.97.
Integer (NYSE:ITGR) last announced its quarterly earnings data on Thursday, February 22nd. The medical equipment provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.17. The business had revenue of $390.50 million during the quarter, compared to analysts’ expectations of $358.42 million. Integer had a return on equity of 11.13% and a net margin of 4.56%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 EPS. sell-side analysts expect that Integer Holdings Co. will post 3.3 earnings per share for the current fiscal year.
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Integer Company Profile
Greatbatch, Inc is a developer and manufacturer of medical devices and components. The Company operates through two segments: Greatbatch Medical and QiG Group (QiG). Greatbatch Medical designs and manufactures products where the Company either owns the intellectual property or has unique manufacturing and assembly expertise.
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