Cubist Systematic Strategies LLC Cuts Position in Integer Holdings Co. (ITGR)

Cubist Systematic Strategies LLC lessened its holdings in Integer Holdings Co. (NYSE:ITGR) by 34.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,320 shares of the medical equipment provider’s stock after selling 2,244 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Integer were worth $221,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Meeder Asset Management Inc. increased its holdings in Integer by 411.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,034 shares of the medical equipment provider’s stock worth $104,000 after buying an additional 1,636 shares during the period. Zions Bancorporation acquired a new position in Integer in the 3rd quarter worth approximately $174,000. Amalgamated Bank acquired a new position in Integer in the 3rd quarter worth approximately $212,000. Bessemer Group Inc. acquired a new position in Integer in the 3rd quarter worth approximately $220,000. Finally, Piedmont Investment Advisors LLC acquired a new position in Integer in the 2nd quarter worth approximately $260,000. Institutional investors own 95.02% of the company’s stock.

In related news, COO Jeremy Friedman sold 8,163 shares of Integer stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $44.89, for a total value of $366,437.07. Following the sale, the chief operating officer now owns 17,673 shares of the company’s stock, valued at approximately $793,340.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gary J. Haire sold 731 shares of Integer stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $44.89, for a total transaction of $32,814.59. Following the completion of the sale, the chief financial officer now directly owns 1,911 shares in the company, valued at approximately $85,784.79. The disclosure for this sale can be found here. Insiders have sold a total of 100,625 shares of company stock worth $4,694,219 in the last ninety days. Corporate insiders own 4.80% of the company’s stock.

Several equities analysts recently weighed in on the stock. Northcoast Research downgraded shares of Integer from a “buy” rating to a “neutral” rating in a report on Monday, October 23rd. They noted that the move was a valuation call. TheStreet raised shares of Integer from a “c+” rating to a “b-” rating in a research note on Wednesday, October 18th. KeyCorp reaffirmed an “overweight” rating and set a $62.00 price objective (up previously from $51.00) on shares of Integer in a research note on Monday, September 18th. Zacks Investment Research raised shares of Integer from a “sell” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Wednesday, December 27th. Finally, BidaskClub cut shares of Integer from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $51.00.

Shares of Integer Holdings Co. (NYSE ITGR) opened at $48.25 on Wednesday. The company has a market cap of $1,460.00, a P/E ratio of 75.39, a PEG ratio of 0.96 and a beta of 1.07. Integer Holdings Co. has a one year low of $29.40 and a one year high of $55.20. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.37 and a current ratio of 2.58.

Integer (NYSE:ITGR) last issued its quarterly earnings data on Thursday, October 26th. The medical equipment provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The business had revenue of $363.31 million for the quarter, compared to analysts’ expectations of $354.83 million. Integer had a net margin of 1.42% and a return on equity of 11.22%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company earned $0.83 EPS. research analysts forecast that Integer Holdings Co. will post 2.62 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this piece can be read at https://www.com-unik.info/2018/01/10/cubist-systematic-strategies-llc-cuts-position-in-integer-holdings-co-itgr.html.

About Integer

Greatbatch, Inc is a developer and manufacturer of medical devices and components. The Company operates through two segments: Greatbatch Medical and QiG Group (QiG). Greatbatch Medical designs and manufactures products where the Company either owns the intellectual property or has unique manufacturing and assembly expertise.

Institutional Ownership by Quarter for Integer (NYSE:ITGR)

Receive News & Ratings for Integer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Integer and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit