Connor Clark & Lunn Investment Management Ltd. Grows Stake in Integer Holdings Corp (ITGR)

Connor Clark & Lunn Investment Management Ltd. raised its position in Integer Holdings Corp (NYSE:ITGR) by 288.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,800 shares of the medical equipment provider’s stock after purchasing an additional 12,475 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.05% of Integer worth $1,394,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. American International Group Inc. grew its stake in shares of Integer by 2.5% in the third quarter. American International Group Inc. now owns 24,249 shares of the medical equipment provider’s stock valued at $2,011,000 after buying an additional 586 shares in the last quarter. United Services Automobile Association grew its stake in shares of Integer by 15.6% in the second quarter. United Services Automobile Association now owns 6,847 shares of the medical equipment provider’s stock valued at $443,000 after buying an additional 922 shares in the last quarter. Verition Fund Management LLC grew its stake in shares of Integer by 27.4% in the second quarter. Verition Fund Management LLC now owns 4,510 shares of the medical equipment provider’s stock valued at $292,000 after buying an additional 971 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Integer by 17.2% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,065 shares of the medical equipment provider’s stock valued at $586,000 after buying an additional 1,038 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Integer by 1.8% in the second quarter. Legal & General Group Plc now owns 62,439 shares of the medical equipment provider’s stock valued at $4,045,000 after buying an additional 1,090 shares in the last quarter. Institutional investors own 96.15% of the company’s stock.

ITGR has been the subject of a number of recent research reports. TheStreet lowered Integer from a “b” rating to a “c+” rating in a research note on Friday, November 2nd. KeyCorp increased their target price on Integer from $81.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday, November 2nd. Royal Bank of Canada increased their target price on Integer to $84.00 in a research note on Friday, November 2nd. Finally, Zacks Investment Research lowered Integer from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Integer presently has a consensus rating of “Buy” and a consensus target price of $82.20.

Shares of NYSE ITGR opened at $83.76 on Friday. Integer Holdings Corp has a fifty-two week low of $42.50 and a fifty-two week high of $90.03. The company has a quick ratio of 1.32, a current ratio of 2.41 and a debt-to-equity ratio of 0.88. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 29.81 and a beta of 0.90.

Integer (NYSE:ITGR) last issued its quarterly earnings data on Thursday, November 1st. The medical equipment provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.14. Integer had a return on equity of 12.78% and a net margin of 14.12%. The firm had revenue of $305.10 million during the quarter, compared to analyst estimates of $301.95 million. During the same quarter last year, the firm earned $0.91 EPS. Integer’s quarterly revenue was up 6.6% on a year-over-year basis. Equities analysts expect that Integer Holdings Corp will post 3.66 earnings per share for the current fiscal year.

In other Integer news, EVP Joseph F. Flanagan sold 13,633 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $86.42, for a total transaction of $1,178,163.86. Following the completion of the sale, the executive vice president now owns 12,622 shares in the company, valued at approximately $1,090,793.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Peter H. Soderberg sold 1,761 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $81.28, for a total value of $143,134.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,330 shares of company stock valued at $2,796,821. 3.60% of the stock is owned by insiders.

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Integer Company Profile

Integer Holdings Corp. engages in manufacturing and developing medical devices and components. It operates through Medical and Non-Medical segments. The Medical segment include cardio and vascular; cardiac and neuromodulation; and advanced surgical, orthopedics, and portable medical. The Non-Medical segment focuses on lithium cells, and primary and secondary battery packs for applications in the energy, military and environmental markets.The company was founded by Wilson Greatbatch in 1970 and is headquartered in Frisco, TX.

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Institutional Ownership by Quarter for Integer (NYSE:ITGR)

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