California Public Employees Retirement System boosted its holdings in Integer Holdings Co. (NYSE:ITGR) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,989 shares of the medical equipment provider’s stock after buying an additional 1,093 shares during the quarter. California Public Employees Retirement System owned approximately 0.23% of Integer worth $6,251,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in shares of Integer in the third quarter worth about $43,000. US Bancorp DE boosted its position in Integer by 29.6% in the third quarter. US Bancorp DE now owns 955 shares of the medical equipment provider’s stock valued at $57,000 after buying an additional 218 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Integer during the fourth quarter worth $226,000. People s United Financial Inc. lifted its stake in shares of Integer by 11.5% in the 3rd quarter. People s United Financial Inc. now owns 4,456 shares of the medical equipment provider’s stock valued at $263,000 after acquiring an additional 458 shares during the last quarter. Finally, AlphaCrest Capital Management LLC acquired a new stake in shares of Integer during the 3rd quarter valued at $293,000. Hedge funds and other institutional investors own 96.46% of the company’s stock.
Shares of NYSE ITGR opened at $84.85 on Tuesday. The company has a market capitalization of $2.79 billion, a PE ratio of 38.57 and a beta of 1.42. The company has a quick ratio of 2.23, a current ratio of 3.25 and a debt-to-equity ratio of 0.65. Integer Holdings Co. has a twelve month low of $46.01 and a twelve month high of $96.78. The firm has a fifty day simple moving average of $79.59 and a 200 day simple moving average of $71.34.
Several analysts have recently weighed in on ITGR shares. KeyCorp reduced their price target on Integer from $87.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, October 30th. TheStreet raised shares of Integer from a “c+” rating to a “b” rating in a research note on Tuesday, November 24th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Integer has a consensus rating of “Buy” and an average target price of $99.33.
Integer Company Profile
Integer Holdings Corporation operates as a medical device outsource manufacturer worldwide. It operates in 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, urology, and gastroenterology procedures.
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