Hanger (OTCMKTS:HNGR) Sees Unusually-High Trading Volume

Hanger Inc (OTCMKTS:HNGR) shares saw unusually-high trading volume on Friday . Approximately 5,095,629 shares changed hands during mid-day trading, an increase of 1,806% from the previous session’s volume of 267,372 shares.The stock last traded at $19.15 and had previously closed at $18.40.

A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Hanger from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. TheStreet upgraded Hanger from a “d” rating to a “c” rating in a report on Friday, March 29th.

The firm’s 50 day moving average is $19.20.

Hanger (OTCMKTS:HNGR) last announced its earnings results on Wednesday, May 8th. The healthcare company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.08). The business had revenue of $236.42 million during the quarter, compared to the consensus estimate of $243.40 million.

In other Hanger news, insider Vinit K. Asar purchased 2,700 shares of Hanger stock in a transaction dated Friday, May 10th. The stock was acquired at an average cost of $18.98 per share, with a total value of $51,246.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 2.36% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of HNGR. Keybank National Association OH raised its holdings in Hanger by 2.2% during the first quarter. Keybank National Association OH now owns 44,175 shares of the healthcare company’s stock worth $842,000 after purchasing an additional 950 shares during the last quarter. CNA Financial Corp raised its holdings in Hanger by 9.7% during the first quarter. CNA Financial Corp now owns 22,700 shares of the healthcare company’s stock worth $432,000 after purchasing an additional 2,000 shares during the last quarter. Macquarie Group Ltd. acquired a new position in Hanger during the fourth quarter worth $42,000. Bank of Montreal Can raised its holdings in Hanger by 3,122.3% during the first quarter. Bank of Montreal Can now owns 8,378 shares of the healthcare company’s stock worth $159,000 after purchasing an additional 8,118 shares during the last quarter. Finally, TD Asset Management Inc. raised its holdings in Hanger by 20.4% during the first quarter. TD Asset Management Inc. now owns 49,506 shares of the healthcare company’s stock worth $943,000 after purchasing an additional 8,403 shares during the last quarter. 3.61% of the stock is owned by institutional investors and hedge funds.

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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