Hodges Capital Management Inc. Reduces Position in Integer Holdings Corp (ITGR)

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Hodges Capital Management Inc. lowered its holdings in Integer Holdings Corp (NYSE:ITGR) by 19.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,716 shares of the medical equipment provider’s stock after selling 22,369 shares during the period. Hodges Capital Management Inc. owned approximately 0.28% of Integer worth $6,842,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Financial Gravity Companies Inc. acquired a new position in shares of Integer in the fourth quarter valued at approximately $49,000. PNC Financial Services Group Inc. grew its holdings in shares of Integer by 15.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,065 shares of the medical equipment provider’s stock valued at $81,000 after purchasing an additional 145 shares in the last quarter. Quantamental Technologies LLC acquired a new position in shares of Integer in the fourth quarter valued at approximately $107,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Integer by 23.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,047 shares of the medical equipment provider’s stock valued at $156,000 after purchasing an additional 395 shares in the last quarter. Finally, Magnus Financial Group LLC acquired a new position in shares of Integer in the fourth quarter valued at approximately $223,000. Hedge funds and other institutional investors own 95.80% of the company’s stock.

A number of brokerages recently weighed in on ITGR. Zacks Investment Research upgraded shares of Integer from a “hold” rating to a “strong-buy” rating and set a $101.00 price objective for the company in a report on Tuesday, February 26th. Royal Bank of Canada lifted their price target on shares of Integer from $84.00 to $92.00 and gave the stock a “sector perform” rating in a research note on Monday, February 25th. Finally, TheStreet upgraded shares of Integer from a “c+” rating to a “b-” rating in a research note on Monday, December 17th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Integer presently has an average rating of “Buy” and an average price target of $89.40.

Integer stock traded down $0.82 during trading on Monday, reaching $76.33. The stock had a trading volume of 248,876 shares, compared to its average volume of 217,541. Integer Holdings Corp has a 52-week low of $54.20 and a 52-week high of $92.61. The company has a quick ratio of 1.37, a current ratio of 2.53 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $2.47 billion, a P/E ratio of 20.11 and a beta of 0.98.

Integer (NYSE:ITGR) last issued its quarterly earnings results on Thursday, February 21st. The medical equipment provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.12. Integer had a net margin of 12.88% and a return on equity of 12.56%. The company had revenue of $303.00 million during the quarter, compared to the consensus estimate of $301.25 million. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts anticipate that Integer Holdings Corp will post 4.2 earnings per share for the current fiscal year.

In other news, SVP Anthony W. Borowicz sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $85.92, for a total transaction of $214,800.00. Following the completion of the sale, the senior vice president now owns 18,124 shares in the company, valued at approximately $1,557,214.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jose Antonio Gonzalez sold 9,088 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $90.88, for a total transaction of $825,917.44. Following the sale, the insider now owns 11,899 shares of the company’s stock, valued at approximately $1,081,381.12. The disclosure for this sale can be found here. Insiders sold 62,147 shares of company stock valued at $5,358,962 in the last quarter. 3.60% of the stock is owned by insiders.

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About Integer

Integer Holdings Corporation operates as a medical device outsource manufacturer worldwide. It operates in two segments, Medical and Non-Medical. The company offers products for vascular, cardiac surgery, and structural heart diseases; peripheral vascular, neurovascular, urology, and oncology products; and electrophysiology, infusion therapy, and hemodialysis products.

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Institutional Ownership by Quarter for Integer (NYSE:ITGR)

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