Hanger (OTCMKTS:HNGR) Stock Price Up 2.6%

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Hanger Inc (OTCMKTS:HNGR)’s stock price rose 2.6% during trading on Wednesday . The stock traded as high as $14.57 and last traded at $14.80, approximately 114,875 shares changed hands during trading. A decline of 55% from the average daily volume of 257,940 shares. The stock had previously closed at $14.42.

Separately, Zacks Investment Research upgraded Hanger from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Monday, March 16th.

The stock has a 50-day moving average of $20.99 and a 200-day moving average of $23.26.

Hanger (OTCMKTS:HNGR) last released its quarterly earnings data on Wednesday, March 11th. The healthcare company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. The company had revenue of $300.89 million for the quarter, compared to analyst estimates of $300.72 million.

A number of hedge funds have recently made changes to their positions in HNGR. UBS Group AG raised its stake in shares of Hanger by 1.7% in the 4th quarter. UBS Group AG now owns 34,054 shares of the healthcare company’s stock worth $940,000 after buying an additional 572 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Hanger by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 56,454 shares of the healthcare company’s stock worth $1,151,000 after buying an additional 674 shares in the last quarter. Ancora Advisors LLC bought a new stake in shares of Hanger in the 4th quarter worth $35,000. Tower Research Capital LLC TRC raised its stake in shares of Hanger by 1,364.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,464 shares of the healthcare company’s stock worth $30,000 after buying an additional 1,364 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Hanger by 3.2% in the 4th quarter. Swiss National Bank now owns 64,300 shares of the healthcare company’s stock worth $1,775,000 after buying an additional 2,000 shares in the last quarter. Institutional investors own 3.61% of the company’s stock.

About Hanger (OTCMKTS:HNGR)

Hanger, Inc provides orthotic and prosthetic (O&P) services; and distributes O&P devices and components, manages O&P networks, and provides therapeutic solutions to patients and businesses in acute, post-acute, and clinic settings in the United States. It operates through two segments, Patient Care and Products & Services.

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