Hanger (OTCMKTS:HNGR) released its earnings results on Thursday. The healthcare company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01, Morningstar.com reports. The business had revenue of $262.95 million for the quarter, compared to the consensus estimate of $260.07 million.
HNGR stock opened at $20.03 on Friday. Hanger has a 1-year low of $11.56 and a 1-year high of $24.50.
Hedge funds have recently added to or reduced their stakes in the stock. Trexquant Investment LP bought a new stake in shares of Hanger in the third quarter valued at about $389,000. Keybank National Association OH bought a new stake in shares of Hanger in the third quarter valued at about $438,000. Acadian Asset Management LLC bought a new stake in shares of Hanger in the third quarter valued at about $758,000. First Manhattan Co. bought a new stake in shares of Hanger in the third quarter valued at about $1,345,000. Finally, Deltec Asset Management LLC bought a new stake in shares of Hanger in the third quarter valued at about $1,510,000. Hedge funds and other institutional investors own 3.61% of the company’s stock.
HNGR has been the subject of several research analyst reports. TheStreet downgraded Hanger from a “c” rating to a “d” rating in a research report on Wednesday, October 31st. Zacks Investment Research downgraded Hanger from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Finally, ValuEngine downgraded Hanger from a “buy” rating to a “hold” rating in a research report on Monday, August 13th.
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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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