William Blair Investment Management LLC Makes New Investment in Integer Holdings Corporation $ITGR

William Blair Investment Management LLC acquired a new stake in shares of Integer Holdings Corporation (NYSE:ITGR) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 378,706 shares of the medical equipment provider’s stock, valued at approximately $35,390,000.

A number of other institutional investors have also recently made changes to their positions in ITGR. Irenic Capital Management LP acquired a new stake in Integer in the fourth quarter worth about $99,109,000. Alliancebernstein L.P. raised its position in shares of Integer by 885.1% in the 2nd quarter. Alliancebernstein L.P. now owns 1,106,091 shares of the medical equipment provider’s stock valued at $136,016,000 after purchasing an additional 993,810 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Integer by 1,141.6% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 819,046 shares of the medical equipment provider’s stock worth $72,076,000 after purchasing an additional 753,081 shares in the last quarter. Millennium Management LLC grew its position in Integer by 3,350.2% during the 4th quarter. Millennium Management LLC now owns 677,108 shares of the medical equipment provider’s stock worth $53,106,000 after purchasing an additional 657,483 shares during the last quarter. Finally, J. Goldman & Co LP acquired a new position in Integer during the 4th quarter valued at approximately $40,531,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Integer Stock Performance

Shares of ITGR stock opened at $125.22 on Friday. Integer Holdings Corporation has a 52-week low of $62.00 and a 52-week high of $126.14. The company has a quick ratio of 2.41, a current ratio of 3.73 and a debt-to-equity ratio of 0.75. The stock has a market cap of $4.26 billion, a PE ratio of 34.21, a price-to-earnings-growth ratio of 2.96 and a beta of 0.61. The business has a 50-day simple moving average of $104.12 and a 200-day simple moving average of $93.10.

Integer (NYSE:ITGR) last announced its quarterly earnings results on Monday, August 3rd. The medical equipment provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.22. Integer had a return on equity of 12.79% and a net margin of 6.97%.The company had revenue of $464.11 million during the quarter, compared to analysts’ expectations of $451.07 million. During the same period last year, the business earned $1.55 earnings per share. Integer’s quarterly revenue was down 2.6% on a year-over-year basis. On average, equities analysts expect that Integer Holdings Corporation will post 6.08 EPS for the current year.

Analyst Ratings Changes

ITGR has been the subject of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Integer in a research note on Thursday, June 18th. Freedom Capital cut Integer from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Citigroup boosted their price target on Integer from $92.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. HC Wainwright reaffirmed a “buy” rating on shares of Integer in a report on Friday, July 24th. Finally, Oppenheimer downgraded shares of Integer from an “outperform” rating to a “market perform” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $109.86.

Integer Company Profile

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.