Bamco Inc. NY Boosts Stake in Integer Holdings Co. (NYSE:ITGR)

Bamco Inc. NY raised its position in Integer Holdings Co. (NYSE:ITGR - Free Report) by 15.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 293,434 shares of the medical equipment provider's stock after buying an additional 39,057 shares during the quarter. Bamco Inc. NY owned about 0.87% of Integer worth $38,886,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. lifted its stake in Integer by 304.3% during the fourth quarter. Mather Group LLC. now owns 190 shares of the medical equipment provider's stock worth $25,000 after purchasing an additional 143 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Integer during the 4th quarter valued at approximately $27,000. R Squared Ltd acquired a new stake in Integer in the fourth quarter valued at approximately $44,000. Sterling Capital Management LLC grew its stake in shares of Integer by 472.9% during the fourth quarter. Sterling Capital Management LLC now owns 338 shares of the medical equipment provider's stock worth $45,000 after buying an additional 279 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Integer by 98.4% in the 4th quarter. Versant Capital Management Inc now owns 369 shares of the medical equipment provider's stock valued at $49,000 after acquiring an additional 183 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Truist Financial set a $150.00 price objective on shares of Integer and gave the company a "buy" rating in a report on Friday, April 25th. Raymond James lifted their target price on Integer from $145.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. KeyCorp lowered their price target on shares of Integer from $154.00 to $145.00 and set an "overweight" rating for the company in a report on Monday, April 21st. StockNews.com cut shares of Integer from a "hold" rating to a "sell" rating in a research report on Friday, April 25th. Finally, Oppenheimer downgraded Integer from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Integer currently has a consensus rating of "Moderate Buy" and an average target price of $145.56.

Insiders Place Their Bets

In related news, CEO Joseph W. Dziedzic sold 338,975 shares of Integer stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $123.17, for a total transaction of $41,751,550.75. Following the sale, the chief executive officer now directly owns 47,000 shares in the company, valued at $5,788,990. The trade was a 87.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.16% of the company's stock.

Integer Price Performance

ITGR stock traded up $0.64 during mid-day trading on Thursday, reaching $119.62. 661,379 shares of the company traded hands, compared to its average volume of 362,809. The company has a fifty day moving average price of $118.45 and a 200-day moving average price of $129.83. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.95 and a quick ratio of 2.09. Integer Holdings Co. has a 52-week low of $104.93 and a 52-week high of $146.36. The company has a market capitalization of $4.17 billion, a P/E ratio of 35.60, a P/E/G ratio of 1.72 and a beta of 1.03.

Integer (NYSE:ITGR - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The medical equipment provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.27 by $0.04. The firm had revenue of $437.39 million during the quarter, compared to the consensus estimate of $428.51 million. Integer had a net margin of 6.92% and a return on equity of 11.65%. The business's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $1.14 EPS. As a group, analysts anticipate that Integer Holdings Co. will post 6.01 earnings per share for the current year.

Integer Company Profile

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