Zacks Investment Research upgraded shares of Hanger (NYSE:HNGR – Get Rating) from a strong sell rating to a hold rating in a research report released on Tuesday morning, Zacks.com reports.
According to Zacks, “Hanger, Inc. delivers orthotic and prosthetic patient care, and distributes O&P products and rehabilitative solutions. The company’s products & services segment provides Hanger distributes branded and private label O&P devices, products and components and provides rehabilitative solutions. Hanger Inc., formerly known as Hanger Orthoped, is based in AUSTIN, Texas. “
Shares of Hanger stock opened at $19.06 on Tuesday. Hanger has a 52 week low of $16.16 and a 52 week high of $26.69. The company has a current ratio of 1.40, a quick ratio of 1.02 and a debt-to-equity ratio of 4.56. The company has a market capitalization of $743.89 million, a PE ratio of 17.81 and a beta of 1.31. The business has a 50-day simple moving average of $18.34.
In other news, CFO Thomas E. Kiraly sold 8,750 shares of Hanger stock in a transaction that occurred on Tuesday, March 15th. The shares were sold at an average price of $19.16, for a total value of $167,650.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP James H. Campbell sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 8th. The shares were sold at an average price of $19.52, for a total transaction of $78,080.00. The disclosure for this sale can be found here. Insiders own 3.56% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Foundry Partners LLC boosted its position in Hanger by 11.4% during the 4th quarter. Foundry Partners LLC now owns 236,085 shares of the company’s stock worth $4,280,000 after acquiring an additional 24,090 shares during the period. BNP Paribas Arbitrage SA grew its position in Hanger by 33.1% during the third quarter. BNP Paribas Arbitrage SA now owns 88,297 shares of the company’s stock valued at $1,939,000 after purchasing an additional 21,961 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Hanger by 22.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,869,676 shares of the company’s stock valued at $41,058,000 after buying an additional 338,870 shares during the period. Swiss National Bank lifted its position in Hanger by 1.4% in the 3rd quarter. Swiss National Bank now owns 85,200 shares of the company’s stock worth $1,871,000 after buying an additional 1,200 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in Hanger by 24.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 12,424 shares of the company’s stock worth $273,000 after buying an additional 2,401 shares in the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.
About Hanger (Get Rating)
Hanger, Inc provides orthotic and prosthetic (O&P) services in the United States. It operates in two segments, Patient Care and Products & Services. The Patient Care segment owns and operates Hanger clinic, which specializes in the design, fabrication, and delivery of custom O&P devices through patient care clinics and satellite locations; and offers payor network contracting services to other O&P providers.
Further Reading
- Get a free copy of the StockNews.com research report on Hanger (HNGR)
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