Cubist Systematic Strategies LLC Invests $284,000 in Integer Holdings Co. (ITGR)

Cubist Systematic Strategies LLC acquired a new position in Integer Holdings Co. (NYSE:ITGR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,564 shares of the medical equipment provider’s stock, valued at approximately $284,000.

Other institutional investors have also added to or reduced their stakes in the company. UBS Asset Management Americas Inc. boosted its holdings in shares of Integer Holdings by 0.5% during the second quarter. UBS Asset Management Americas Inc. now owns 18,967 shares of the medical equipment provider’s stock valued at $820,000 after acquiring an additional 98 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Integer Holdings by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the medical equipment provider’s stock valued at $489,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Integer Holdings by 0.7% during the second quarter. Arizona State Retirement System now owns 14,524 shares of the medical equipment provider’s stock valued at $628,000 after purchasing an additional 100 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Integer Holdings by 0.4% during the first quarter. Legal & General Group Plc now owns 51,063 shares of the medical equipment provider’s stock valued at $2,053,000 after purchasing an additional 197 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of Integer Holdings by 5.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,580 shares of the medical equipment provider’s stock valued at $285,000 after purchasing an additional 340 shares in the last quarter.

Integer Holdings Co. (NYSE:ITGR) traded up $1.25 during trading hours on Tuesday, reaching $47.10. The company’s stock had a trading volume of 331,900 shares, compared to its average volume of 189,628. Integer Holdings Co. has a 52 week low of $24.85 and a 52 week high of $55.20.

Integer Holdings (NYSE:ITGR) last released its earnings results on Thursday, October 26th. The medical equipment provider reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $0.83 EPS.

In related news, insider Jennifer M. Bolt sold 7,626 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $48.22, for a total value of $367,725.72. Following the completion of the sale, the insider now directly owns 12,735 shares in the company, valued at approximately $614,081.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John A. Harris sold 1,261 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $45.40, for a total value of $57,249.40. Following the completion of the sale, the insider now owns 2,064 shares of the company’s stock, valued at $93,705.60. The disclosure for this sale can be found here. In the last three months, insiders sold 32,010 shares of company stock valued at $1,492,333.

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Several equities research analysts have commented on the stock. TheStreet cut shares of Integer Holdings from a “b-” rating to a “c+” rating in a research report on Thursday, November 9th. BidaskClub cut shares of Integer Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Royal Bank Of Canada reiterated a “neutral” rating on shares of Integer Holdings in a research report on Friday, October 27th. Northcoast Research cut shares of Integer Holdings from a “buy” rating to a “neutral” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Finally, KeyCorp reissued an “overweight” rating and issued a $62.00 price target (up previously from $51.00) on shares of Integer Holdings in a research note on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Integer Holdings has an average rating of “Hold” and an average target price of $51.00.

Integer Holdings Profile

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 Holdings (NYSE:ITGR)

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