25,641 Shares in Integer Holdings Corporation $ITGR Bought by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors acquired 25,641 Integer Holdings shares during the second quarter, worth approximately $2.4 million and representing about 0.08% of the company. Institutional investors collectively own 99.29% of Integer’s stock.
• Integer reported quarterly EPS of $1.60, beating estimates of $1.38, while revenue of $464.1 million exceeded forecasts of $451.1 million. However, revenue declined 2.6% year over year.
• Integer shares opened at $125.22, near their 52-week high of $126.14. Analysts maintain an overall “Hold” consensus, with an average price target of $109.86.

Great Lakes Advisors LLC acquired a new position in shares of Integer Holdings Corporation (NYSE:ITGR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 25,641 shares of the medical equipment provider's stock, valued at approximately $2,396,000. Great Lakes Advisors LLC owned about 0.08% of Integer as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. First National Bank of Omaha acquired a new position in shares of Integer in the 2nd quarter valued at $1,725,000. Deutsche Bank AG acquired a new stake in Integer in the second quarter valued at about $3,388,000. Persistent Asset Partners Ltd acquired a new stake in shares of Integer in the 2nd quarter valued at approximately $330,000. OneDigital Investment Advisors LLC purchased a new stake in shares of Integer during the 2nd quarter worth $203,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Integer in the second quarter valued at about $46,000. Institutional investors and hedge funds own 99.29% of the company's stock.

Integer Stock Up 0.0%

ITGR opened at $125.22 on Friday. 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 firm has a market cap of $4.26 billion, a P/E ratio of 34.21, a PEG ratio of 2.97 and a beta of 0.61. Integer Holdings Corporation has a 52 week low of $62.00 and a 52 week high of $126.14. The business's fifty day simple moving average is $104.12 and its 200 day simple moving average is $93.10.

Integer (NYSE:ITGR - Get Free Report) last announced its 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 net margin of 6.97% and a return on equity of 12.79%. The firm had revenue of $464.11 million during the quarter, compared to the consensus estimate of $451.07 million. During the same quarter in the previous year, the company posted $1.55 EPS. The firm's revenue for the quarter was down 2.6% on a year-over-year basis. As a group, equities research analysts anticipate that Integer Holdings Corporation will post 6.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ITGR. Wells Fargo & Company upped their price target on Integer from $84.00 to $127.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 4th. Citigroup lifted their price objective on Integer from $92.00 to $96.00 and gave the stock a "neutral" rating in a report on Wednesday, July 8th. HC Wainwright restated a "buy" rating on shares of Integer in a research report on Friday, July 24th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Integer in a research note on Thursday, June 18th. Finally, KeyCorp cut shares of Integer from an "overweight" rating to a "sector weight" rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $109.86.

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.

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