Acadian Asset Management LLC Boosts Holdings in Hanger Inc (HNGR)
Acadian Asset Management LLC boosted its position in shares of Hanger Inc (OTCMKTS:HNGR) by 73.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 150,995 shares of the healthcare company’s stock after buying an additional 63,753 shares during the period. Acadian Asset Management LLC’s holdings in Hanger were worth $2,877,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Macquarie Group Ltd. purchased a new stake in Hanger during the 4th quarter worth approximately $42,000. ClariVest Asset Management LLC purchased a new stake in Hanger during the 4th quarter worth approximately $123,000. Bank of Montreal Can increased its stake in Hanger by 3,122.3% during the 1st quarter. Bank of Montreal Can now owns 8,378 shares of the healthcare company’s stock worth $159,000 after buying an additional 8,118 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Hanger during the 1st quarter worth approximately $188,000. Finally, Weber Alan W purchased a new stake in Hanger during the 4th quarter worth approximately $190,000. Institutional investors own 3.61% of the company’s stock.
In other Hanger news, insider Vinit K. Asar acquired 2,700 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were purchased at an average cost of $18.98 per share, for a total transaction of $51,246.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.36% of the company’s stock.
Shares of Hanger stock opened at $18.66 on Monday. Hanger Inc has a 1-year low of $15.60 and a 1-year high of $24.50.
Hanger (OTCMKTS:HNGR) last issued its earnings results on Wednesday, May 8th. The healthcare company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.08). The firm had revenue of $236.42 million during the quarter, compared to analyst estimates of $243.40 million.
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Hanger Company Profile
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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