Hantz Financial Services Inc. Takes $1.13 Million Position in Integer Holdings Co. (NYSE:ITGR)

Hantz Financial Services Inc. acquired a new stake in Integer Holdings Co. (NYSE:ITGR) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 9,730 shares of the medical equipment provider’s stock, valued at approximately $1,127,000.

A number of other hedge funds have also recently added to or reduced their stakes in ITGR. Public Employees Retirement Association of Colorado boosted its holdings in Integer by 3,260.1% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 285,439 shares of the medical equipment provider’s stock worth $28,281,000 after buying an additional 276,944 shares in the last quarter. Norges Bank purchased a new stake in Integer during the fourth quarter worth $18,697,000. F M Investments LLC purchased a new stake in Integer during the second quarter worth $11,143,000. North Growth Management Ltd. purchased a new stake in Integer during the fourth quarter worth $9,155,000. Finally, Congress Asset Management Co. MA boosted its holdings in Integer by 12.5% during the fourth quarter. Congress Asset Management Co. MA now owns 421,524 shares of the medical equipment provider’s stock worth $41,765,000 after buying an additional 46,776 shares in the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP John A. Harris sold 1,521 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $120.44, for a total transaction of $183,189.24. Following the completion of the sale, the executive vice president now directly owns 4,922 shares in the company, valued at $592,805.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP John A. Harris sold 1,521 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $120.44, for a total transaction of $183,189.24. Following the completion of the sale, the executive vice president now directly owns 4,922 shares in the company, valued at $592,805.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jean M. Hobby sold 11,960 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $119.66, for a total transaction of $1,431,133.60. Following the sale, the director now owns 2,280 shares of the company’s stock, valued at $272,824.80. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ITGR shares. Benchmark reaffirmed a “buy” rating and set a $130.00 price objective on shares of Integer in a report on Friday, August 2nd. Citigroup increased their price objective on shares of Integer from $118.00 to $124.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Oppenheimer started coverage on shares of Integer in a report on Tuesday, July 16th. They set an “outperform” rating and a $135.00 price objective on the stock. Finally, Truist Financial started coverage on shares of Integer in a report on Wednesday, May 15th. They set a “buy” rating and a $137.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $133.86.

Integer Price Performance

Shares of NYSE ITGR opened at $130.07 on Friday. The firm has a 50-day simple moving average of $119.44 and a 200-day simple moving average of $116.24. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 45.01, a price-to-earnings-growth ratio of 1.70 and a beta of 1.11. The company has a quick ratio of 1.96, a current ratio of 3.29 and a debt-to-equity ratio of 0.73. Integer Holdings Co. has a 52 week low of $69.40 and a 52 week high of $131.17.

Integer (NYSE:ITGR) last issued its earnings results on Thursday, July 25th. The medical equipment provider reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.06. The business had revenue of $436.20 million during the quarter, compared to analysts’ expectations of $437.00 million. Integer had a net margin of 6.31% and a return on equity of 11.48%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 earnings per share. On average, equities analysts predict that Integer Holdings Co. will post 5.31 earnings per share for the current fiscal 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.