Hanger Inc (OTCMKTS:HNGR) Shares Purchased by State of Tennessee Treasury Department

State of Tennessee Treasury Department lifted its position in Hanger Inc (OTCMKTS:HNGR) by 48.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,528 shares of the healthcare company’s stock after acquiring an additional 6,048 shares during the period. State of Tennessee Treasury Department’s holdings in Hanger were worth $307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. William Blair Investment Management LLC raised its position in Hanger by 50.2% in the first quarter. William Blair Investment Management LLC now owns 1,954,366 shares of the healthcare company’s stock valued at $30,449,000 after purchasing an additional 653,136 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Hanger in the second quarter valued at $1,835,000. BNP Paribas Arbitrage SA raised its position in Hanger by 685.4% in the first quarter. BNP Paribas Arbitrage SA now owns 117,891 shares of the healthcare company’s stock valued at $1,837,000 after purchasing an additional 102,880 shares during the period. Voce Capital Management LLC purchased a new stake in Hanger in the first quarter valued at $1,415,000. Finally, Deutsche Bank AG raised its position in Hanger by 110.3% in the first quarter. Deutsche Bank AG now owns 159,934 shares of the healthcare company’s stock valued at $2,491,000 after purchasing an additional 83,870 shares during the period. 3.61% of the stock is currently owned by institutional investors.

HNGR has been the topic of several research reports. Zacks Investment Research lowered Hanger from a “buy” rating to a “hold” rating in a research note on Monday. TheStreet raised shares of Hanger from a “c” rating to a “b-” rating in a research note on Thursday, August 13th.

Shares of Hanger stock opened at $18.02 on Wednesday. Hanger Inc has a 52-week low of $11.31 and a 52-week high of $28.16. The company has a 50 day moving average of $18.96 and a 200 day moving average of $17.59.

Hanger (OTCMKTS:HNGR) last issued its quarterly earnings results on Wednesday, August 5th. The healthcare company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.70.

Hanger 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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Institutional Ownership by Quarter for Hanger (OTCMKTS:HNGR)

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