Townsquare Capital LLC Grows Position in Integer Holdings Co. (NYSE:ITGR)

Townsquare Capital LLC lifted its holdings in shares of Integer Holdings Co. (NYSE:ITGR - Free Report) by 16.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,467 shares of the medical equipment provider's stock after acquiring an additional 4,412 shares during the quarter. Townsquare Capital LLC owned approximately 0.09% of Integer worth $4,170,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Sterling Capital Management LLC boosted its position in shares of Integer by 472.9% in the fourth quarter. Sterling Capital Management LLC now owns 338 shares of the medical equipment provider's stock valued at $45,000 after acquiring an additional 279 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Integer during the 4th quarter worth approximately $38,073,000. Riverwater Partners LLC acquired a new stake in shares of Integer in the 4th quarter valued at approximately $1,588,000. HighPoint Advisor Group LLC grew its holdings in shares of Integer by 6.4% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,684 shares of the medical equipment provider's stock valued at $234,000 after purchasing an additional 101 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Integer by 1.0% in the 4th quarter. Alliancebernstein L.P. now owns 42,781 shares of the medical equipment provider's stock valued at $5,669,000 after purchasing an additional 410 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Integer Trading Up 0.7 %

Shares of NYSE:ITGR traded up $0.78 during midday trading on Friday, reaching $116.99. The company's stock had a trading volume of 848,938 shares, compared to its average volume of 347,316. The firm has a 50 day moving average price of $121.57 and a two-hundred day moving average price of $130.60. Integer Holdings Co. has a fifty-two week low of $104.93 and a fifty-two week high of $146.36. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 34.82, a PEG ratio of 1.72 and a beta of 1.09. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.09 and a current ratio of 2.95.

Integer (NYSE:ITGR - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The medical equipment provider reported $1.43 EPS for the quarter, missing analysts' consensus estimates of $1.46 by ($0.03). Integer had a return on equity of 11.65% and a net margin of 6.92%. The company had revenue of $449.50 million during the quarter, compared to analyst estimates of $446.28 million. As a group, analysts forecast that Integer Holdings Co. will post 6.01 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ITGR. KeyCorp upped their price target on shares of Integer from $144.00 to $154.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Raymond James assumed coverage on Integer in a report on Friday, March 28th. They set an "outperform" rating and a $145.00 price target on the stock. Truist Financial dropped their price objective on shares of Integer from $163.00 to $140.00 and set a "buy" rating for the company in a report on Friday, April 11th. Benchmark upped their price target on shares of Integer from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Oppenheimer lowered shares of Integer from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $146.00.

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.