Raymond James & Associates purchased a new stake in shares of Hanger Inc (OTCMKTS:HNGR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 20,148 shares of the healthcare company’s stock, valued at approximately $382,000. Raymond James & Associates owned approximately 0.05% of Hanger at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in shares of Hanger in the fourth quarter valued at approximately $599,000. BlackRock Inc. increased its position in shares of Hanger by 14,188,200.0% in the fourth quarter. BlackRock Inc. now owns 141,883 shares of the healthcare company’s stock valued at $2,689,000 after buying an additional 141,882 shares in the last quarter. California Public Employees Retirement System purchased a new stake in shares of Hanger in the fourth quarter valued at approximately $290,000. Acadian Asset Management LLC increased its position in shares of Hanger by 139.6% in the fourth quarter. Acadian Asset Management LLC now owns 87,242 shares of the healthcare company’s stock valued at $1,653,000 after buying an additional 50,837 shares in the last quarter. Finally, Monarch Partners Asset Management LLC purchased a new stake in shares of Hanger in the fourth quarter valued at approximately $393,000. Institutional investors own 3.61% of the company’s stock.
HNGR has been the topic of a number of research analyst reports. TheStreet raised Hanger from a “d” rating to a “c” rating in a research note on Friday, March 29th. Zacks Investment Research lowered Hanger from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st.
Hanger (OTCMKTS:HNGR) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $288.65 million.
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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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