Gabelli Funds LLC Reduces Position in Integer Holdings Co. (NYSE:ITGR)

Gabelli Funds LLC lessened its stake in shares of Integer Holdings Co. (NYSE:ITGR) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 120,871 shares of the medical equipment provider’s stock after selling 2,000 shares during the period. Gabelli Funds LLC owned approximately 0.36% of Integer worth $10,710,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Raymond James & Associates boosted its holdings in shares of Integer by 12.6% in the 1st quarter. Raymond James & Associates now owns 40,898 shares of the medical equipment provider’s stock valued at $3,295,000 after acquiring an additional 4,578 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Integer by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 406,645 shares of the medical equipment provider’s stock valued at $32,763,000 after acquiring an additional 5,256 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Integer by 20.9% in the 1st quarter. American Century Companies Inc. now owns 5,573 shares of the medical equipment provider’s stock valued at $449,000 after acquiring an additional 963 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Integer by 11.8% in the 1st quarter. US Bancorp DE now owns 9,970 shares of the medical equipment provider’s stock valued at $803,000 after acquiring an additional 1,051 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of Integer by 2.9% in the 1st quarter. HighTower Advisors LLC now owns 7,831 shares of the medical equipment provider’s stock valued at $632,000 after acquiring an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Insider Transactions at Integer

In other news, Director Donald J. Spence sold 6,500 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $82.32, for a total value of $535,080.00. Following the transaction, the director now directly owns 18,781 shares of the company’s stock, valued at $1,546,051.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.84% of the company’s stock.

Analysts Set New Price Targets

ITGR has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on shares of Integer from $87.00 to $94.00 and gave the company an “equal weight” rating in a research note on Friday, July 28th. TheStreet upgraded shares of Integer from a “c+” rating to a “b” rating in a research note on Thursday, July 27th. StockNews.com initiated coverage on shares of Integer in a research note on Thursday, October 5th. They issued a “hold” rating for the company. KeyCorp boosted their target price on shares of Integer from $96.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, July 28th. Finally, Benchmark boosted their target price on shares of Integer from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $93.83.

Integer Stock Performance

ITGR opened at $89.57 on Tuesday. The firm’s fifty day simple moving average is $80.36 and its two-hundred day simple moving average is $83.17. The company has a quick ratio of 1.86, a current ratio of 3.00 and a debt-to-equity ratio of 0.65. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 36.56, a PEG ratio of 1.22 and a beta of 1.10. Integer Holdings Co. has a 52-week low of $61.85 and a 52-week high of $96.17.

Integer (NYSE:ITGR) last posted its quarterly earnings results on Thursday, October 26th. The medical equipment provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.22. The firm had revenue of $404.69 million for the quarter, compared to the consensus estimate of $376.70 million. Integer had a net margin of 5.30% and a return on equity of 10.27%. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period last year, the firm posted $0.95 earnings per share. Equities analysts anticipate that Integer Holdings Co. will post 4.59 earnings per share for the current fiscal year.

Integer Profile

Integer Holdings Corporation operates as a medical device outsource manufacturer in the United States, Puerto Rico, Costa Rica, and internationally. It operates through Medical and Non-Medical segments. The company offers products for interventional cardiology, structural heart, heart failure, peripheral vascular, neurovascular, interventional oncology, electrophysiology, vascular access, infusion therapy, hemodialysis, urology, and gastroenterology procedures.