Hanger (HNGR) Sees Unusually-High Trading Volume

Hanger Inc (OTCMKTS:HNGR) saw unusually-strong trading volume on Friday . Approximately 1,331,841 shares changed hands during trading, an increase of 474% from the previous session’s volume of 231,858 shares.The stock last traded at $19.81 and had previously closed at $19.48.

Separately, Zacks Investment Research raised shares of Hanger from a “sell” rating to a “hold” rating in a report on Tuesday, February 5th.

Hanger (OTCMKTS:HNGR) last posted its quarterly earnings data on Thursday, March 14th. The healthcare company reported $0.40 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.40. The firm had revenue of $284.85 million for the quarter, compared to analysts’ expectations of $288.65 million.

Several large investors have recently modified their holdings of the stock. TD Asset Management Inc. boosted its holdings in shares of Hanger by 1.7% in the 4th quarter. TD Asset Management Inc. now owns 41,103 shares of the healthcare company’s stock worth $779,000 after buying an additional 703 shares during the last quarter. Macquarie Group Ltd. purchased a new position in shares of Hanger in the 4th quarter worth about $42,000. ClariVest Asset Management LLC purchased a new position in shares of Hanger in the 4th quarter worth about $123,000. Bank of America Corp DE boosted its holdings in shares of Hanger by 55.1% in the 4th quarter. Bank of America Corp DE now owns 25,048 shares of the healthcare company’s stock worth $475,000 after buying an additional 8,897 shares during the last quarter. Finally, Weber Alan W purchased a new position in shares of Hanger in the 4th quarter worth about $190,000. 3.61% of the stock is currently owned by institutional investors.

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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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