Integer Holdings Corp (ITGR) Shares Sold by Point72 Asset Management L.P.

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Point72 Asset Management L.P. trimmed its stake in Integer Holdings Corp (NYSE:ITGR) by 33.5% in the third quarter, HoldingsChannel reports. The firm owned 334,300 shares of the medical equipment provider’s stock after selling 168,700 shares during the quarter. Point72 Asset Management L.P.’s holdings in Integer were worth $27,730,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. American International Group Inc. lifted its position 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 worth $2,011,000 after purchasing an additional 586 shares in the last quarter. United Services Automobile Association raised its position in Integer by 15.6% during the second quarter. United Services Automobile Association now owns 6,847 shares of the medical equipment provider’s stock valued at $443,000 after acquiring an additional 922 shares in the last quarter. Verition Fund Management LLC raised its position in Integer by 27.4% during the second quarter. Verition Fund Management LLC now owns 4,510 shares of the medical equipment provider’s stock valued at $292,000 after acquiring an additional 971 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Integer by 17.2% during 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 acquiring an additional 1,038 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Integer by 1.8% during 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 acquiring an additional 1,090 shares in the last quarter. 96.15% of the stock is owned by institutional investors and hedge funds.

In other Integer news, Director Pamela G. Bailey sold 5,767 shares of the stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $83.16, for a total transaction of $479,583.72. Following the transaction, the director now owns 53,562 shares in the company, valued at $4,454,215.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bill R. Sanford sold 11,169 shares of the stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $89.17, for a total value of $995,939.73. Following the transaction, the director now owns 77,021 shares in the company, valued at approximately $6,867,962.57. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,569 shares of company stock worth $2,653,687. Corporate insiders own 3.60% of the company’s stock.

Shares of ITGR opened at $84.27 on Friday. The company has a market cap of $2.73 billion, a P/E ratio of 29.99 and a beta of 0.90. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.41. Integer Holdings Corp has a twelve month low of $42.50 and a twelve month high of $90.03.

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 the consensus estimate of $0.92 by $0.14. The firm had revenue of $305.10 million for the quarter, compared to analyst estimates of $301.95 million. Integer had a net margin of 14.12% and a return on equity of 12.78%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 earnings per share. Analysts predict that Integer Holdings Corp will post 3.66 earnings per share for the current year.

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

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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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Want to see what other hedge funds are holding ITGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Integer Holdings Corp (NYSE:ITGR).

Institutional Ownership by Quarter for Integer (NYSE:ITGR)

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