Hanger (HNGR) Releases Quarterly Earnings Results, Hits Estimates

Hanger (OTCMKTS:HNGR) released its earnings results on Thursday. The healthcare company reported $0.40 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40, Morningstar.com reports. The company had revenue of $284.85 million for the quarter, compared to the consensus estimate of $288.65 million.

HNGR opened at $19.48 on Friday. Hanger has a 52-week low of $15.60 and a 52-week high of $24.50.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Macquarie Group Ltd. purchased a new position in Hanger during the 4th quarter valued at $42,000. ClariVest Asset Management LLC purchased a new position in Hanger during the 4th quarter valued at $123,000. Weber Alan W purchased a new position in Hanger during the 4th quarter valued at $190,000. Virtu Financial LLC purchased a new position in Hanger during the 4th quarter valued at $194,000. Finally, Squarepoint Ops LLC purchased a new position in Hanger during the 4th quarter valued at $231,000. Institutional investors own 3.61% of the company’s stock.

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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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Earnings History for Hanger (OTCMKTS:HNGR)

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