Rhumbline Advisers Buys 4,022 Shares of Hanger, Inc. (NYSE:HNGR)

Rhumbline Advisers grew its stake in shares of Hanger, Inc. (NYSE:HNGR) by 3.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 128,629 shares of the company’s stock after acquiring an additional 4,022 shares during the period. Rhumbline Advisers’ holdings in Hanger were worth $2,935,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HNGR. Monarch Partners Asset Management LLC bought a new position in shares of Hanger during the fourth quarter valued at $6,288,000. BlackRock Inc. boosted its position in shares of Hanger by 3.2% during the fourth quarter. BlackRock Inc. now owns 5,917,098 shares of the company’s stock valued at $130,117,000 after buying an additional 181,282 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of Hanger by 9.3% during the fourth quarter. William Blair Investment Management LLC now owns 2,101,491 shares of the company’s stock valued at $46,212,000 after buying an additional 178,187 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Hanger by 354.5% during the first quarter. Assenagon Asset Management S.A. now owns 126,558 shares of the company’s stock valued at $2,888,000 after buying an additional 98,712 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of Hanger by 78.6% during the fourth quarter. Morgan Stanley now owns 173,596 shares of the company’s stock valued at $3,818,000 after buying an additional 76,417 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Shares of NYSE:HNGR opened at $25.98 on Friday. The stock has a market capitalization of $1.00 billion, a PE ratio of 19.83 and a beta of 1.66. The company has a debt-to-equity ratio of 10.04, a current ratio of 1.51 and a quick ratio of 1.11. The stock has a 50-day moving average price of $24.95. Hanger, Inc. has a 52-week low of $15.13 and a 52-week high of $26.69.

Hanger (NYSE:HNGR) last announced its earnings results on Wednesday, May 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.02. Hanger had a return on equity of 83.02% and a net margin of 5.04%. As a group, equities analysts forecast that Hanger, Inc. will post 1.17 earnings per share for the current year.

In other Hanger news, CEO Vinit K. Asar sold 15,000 shares of the firm’s stock in a transaction dated Monday, June 7th. The stock was sold at an average price of $25.86, for a total value of $387,900.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.56% of the company’s stock.

HNGR has been the topic of several recent analyst reports. Zacks Investment Research raised Hanger from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Wednesday, June 2nd. TheStreet raised Hanger from a “c” rating to a “b-” rating in a research report on Tuesday, March 16th.

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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Institutional Ownership by Quarter for Hanger (NYSE:HNGR)

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