Victory Capital Management Inc. Sells 113,193 Shares of Integer Holdings Co. (NYSE:ITGR)

Victory Capital Management Inc. decreased its stake in Integer Holdings Co. (NYSE:ITGR - Free Report) by 18.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 514,693 shares of the medical equipment provider's stock after selling 113,193 shares during the period. Victory Capital Management Inc. owned about 1.53% of Integer worth $68,207,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ITGR. Geode Capital Management LLC increased its stake in Integer by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 764,528 shares of the medical equipment provider's stock worth $99,408,000 after purchasing an additional 9,421 shares during the period. Loomis Sayles & Co. L P boosted its position in Integer by 3.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 538,027 shares of the medical equipment provider's stock valued at $69,943,000 after buying an additional 15,446 shares during the period. Congress Asset Management Co. grew its holdings in Integer by 2.0% in the 4th quarter. Congress Asset Management Co. now owns 498,350 shares of the medical equipment provider's stock worth $66,041,000 after acquiring an additional 9,565 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Integer by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 408,588 shares of the medical equipment provider's stock valued at $54,146,000 after acquiring an additional 4,559 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its stake in shares of Integer by 3.5% in the third quarter. Lord Abbett & CO. LLC now owns 290,120 shares of the medical equipment provider's stock worth $37,716,000 after purchasing an additional 9,754 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company's stock.

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Integer Stock Down 1.2 %

Shares of NYSE ITGR traded down $1.41 during midday trading on Monday, hitting $120.55. The stock had a trading volume of 574,287 shares, compared to its average volume of 305,060. Integer Holdings Co. has a 52 week low of $107.11 and a 52 week high of $146.36. The company has a market cap of $4.05 billion, a P/E ratio of 35.88, a PEG ratio of 1.72 and a beta of 1.24. The business's 50 day moving average is $135.47 and its 200-day moving average is $133.01. The company has a quick ratio of 2.09, a current ratio of 2.95 and a debt-to-equity ratio of 0.62.

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

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $160.00 price target on shares of Integer in a research note on Tuesday, December 3rd. Citigroup raised their target price on shares of Integer from $130.00 to $145.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 11th. Oppenheimer downgraded shares of Integer from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. KeyCorp lifted their price objective on Integer from $144.00 to $154.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Finally, Benchmark increased their target price on Integer from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Integer presently has a consensus rating of "Moderate Buy" and a consensus price target of $147.67.

Integer Company 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.