Victory Capital Management Inc. Cuts Holdings in Integer Holdings Co. (NYSE:ITGR)

Victory Capital Management Inc. trimmed its stake in shares of Integer Holdings Co. (NYSE:ITGR - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,596,321 shares of the medical equipment provider's stock after selling 36,228 shares during the quarter. Victory Capital Management Inc. owned 4.79% of Integer worth $158,163,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of Integer by 483.3% in the fourth quarter. Blue Trust Inc. now owns 455 shares of the medical equipment provider's stock worth $45,000 after buying an additional 377 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in shares of Integer by 66.6% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 1,461 shares of the medical equipment provider's stock valued at $115,000 after acquiring an additional 584 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Integer by 22.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,733 shares of the medical equipment provider's stock valued at $136,000 after acquiring an additional 313 shares during the last quarter. Strs Ohio grew its holdings in shares of Integer by 54.5% during the fourth quarter. Strs Ohio now owns 1,700 shares of the medical equipment provider's stock worth $168,000 after purchasing an additional 600 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Integer during the third quarter worth about $182,000. Hedge funds and other institutional investors own 99.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. CL King initiated coverage on shares of Integer in a research note on Thursday, March 14th. They issued a "buy" rating and a $137.00 price target for the company. KeyCorp raised their price target on Integer from $123.00 to $139.00 and gave the company an "overweight" rating in a research report on Tuesday, April 9th. Bank of America raised shares of Integer from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $105.00 to $135.00 in a research note on Monday, April 15th. Finally, Benchmark reissued a "buy" rating and issued a $130.00 price target on shares of Integer in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $120.50.

Integer Stock Up 0.1 %

NYSE ITGR traded up $0.14 during mid-day trading on Thursday, reaching $109.92. The stock had a trading volume of 237,040 shares, compared to its average volume of 344,416. The stock has a market cap of $3.68 billion, a PE ratio of 37.98, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. The company has a fifty day moving average price of $113.86 and a 200 day moving average price of $100.67. Integer Holdings Co. has a 1 year low of $69.40 and a 1 year high of $123.99. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.32 and a quick ratio of 2.01.

Integer (NYSE:ITGR - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The medical equipment provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.12 by $0.02. The company had revenue of $414.80 million during the quarter, compared to the consensus estimate of $412.78 million. Integer had a return on equity of 11.25% and a net margin of 6.01%. Integer's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the company earned $0.87 EPS. On average, research analysts expect that Integer Holdings Co. will post 5.27 earnings per share for the current year.

Integer 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.