Integer Holdings Corporation $ITGR Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its stake in shares of Integer Holdings Corporation (NYSE:ITGR) by 15.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 598,526 shares of the medical equipment provider’s stock after selling 106,074 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Integer were worth $52,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in ITGR. Maverick Capital Ltd. purchased a new position in Integer in the 1st quarter worth $1,236,000. Quantinno Capital Management LP grew its stake in Integer by 93.4% during the 1st quarter. Quantinno Capital Management LP now owns 77,757 shares of the medical equipment provider’s stock valued at $6,843,000 after purchasing an additional 37,552 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Integer by 1,141.6% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 819,046 shares of the medical equipment provider’s stock valued at $72,076,000 after purchasing an additional 753,081 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Integer by 19.0% in the first quarter. Public Employees Retirement System of Ohio now owns 26,185 shares of the medical equipment provider’s stock valued at $2,304,000 after purchasing an additional 4,177 shares during the period. Finally, Lido Advisors LLC increased its holdings in shares of Integer by 752.0% in the first quarter. Lido Advisors LLC now owns 24,597 shares of the medical equipment provider’s stock valued at $2,165,000 after purchasing an additional 21,710 shares during the period. 99.29% of the stock is owned by institutional investors and hedge funds.

Integer Stock Performance

NYSE ITGR opened at $99.66 on Thursday. The firm has a market capitalization of $3.38 billion, a P/E ratio of 24.85, a PEG ratio of 2.39 and a beta of 0.64. The stock has a 50-day simple moving average of $93.02 and a two-hundred day simple moving average of $88.60. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.38 and a current ratio of 3.75. Integer Holdings Corporation has a fifty-two week low of $62.00 and a fifty-two week high of $111.99.

Integer (NYSE:ITGR) last issued its earnings results on Thursday, April 30th. The medical equipment provider reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.01). The company had revenue of $439.58 million during the quarter, compared to analysts’ expectations of $426.48 million. Integer had a return on equity of 12.83% and a net margin of 7.64%.The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.31 EPS. On average, equities analysts forecast that Integer Holdings Corporation will post 6.04 earnings per share for the current year.

Analyst Ratings Changes

ITGR has been the subject of a number of research reports. Piper Sandler reaffirmed an “overweight” rating and set a $97.00 target price (up from $87.00) on shares of Integer in a report on Friday, May 1st. Zacks Research upgraded shares of Integer from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Truist Financial raised their price target on shares of Integer from $97.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Freedom Capital upgraded shares of Integer to a “strong-buy” rating in a research note on Wednesday, July 22nd. Finally, Citigroup upped their price objective on shares of Integer from $92.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Integer has an average rating of “Moderate Buy” and a consensus price target of $97.00.

About Integer

Integer Holdings Corporation (NYSE: ITGR) is a global provider of outsourced medical device design, development and manufacturing solutions. The company partners with leading medical technology firms to deliver complex components, subsystems and finished devices across a range of therapeutic areas. Its services encompass concept and product design, precision machining, microelectronic assembly, terminal sterilization and regulatory support, enabling customers to accelerate time to market and optimize product performance.

Integer’s product portfolio is organized into two core segments: Advanced Delivery and MedTech.