Panagora Asset Management Inc. Invests $1.54 Million in Hanger Inc (OTCMKTS:HNGR)

Panagora Asset Management Inc. purchased a new position in shares of Hanger Inc (OTCMKTS:HNGR) in the second quarter, HoldingsChannel.com reports. The fund purchased 80,154 shares of the healthcare company’s stock, valued at approximately $1,535,000.

Several other institutional investors and hedge funds have also bought and sold shares of HNGR. Keybank National Association OH increased its stake in shares of Hanger by 1.7% in the 2nd quarter. Keybank National Association OH now owns 44,925 shares of the healthcare company’s stock valued at $860,000 after acquiring an additional 750 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Hanger by 1.2% during the 2nd quarter. Acadian Asset Management LLC now owns 152,768 shares of the healthcare company’s stock worth $2,926,000 after acquiring an additional 1,773 shares during the last quarter. CNA Financial Corp boosted its stake in Hanger by 9.7% during the 1st quarter. CNA Financial Corp now owns 22,700 shares of the healthcare company’s stock worth $432,000 after acquiring an additional 2,000 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Hanger by 203.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,147 shares of the healthcare company’s stock worth $60,000 after acquiring an additional 2,111 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Hanger during the second quarter valued at approximately $64,000. 3.61% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research raised shares of Hanger from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research note on Wednesday, August 14th.



Shares of HNGR traded up $0.43 during trading hours on Wednesday, reaching $21.17. The stock had a trading volume of 416,610 shares, compared to its average volume of 264,852. Hanger Inc has a 52 week low of $15.50 and a 52 week high of $24.50. The firm has a 50-day moving average of $18.47 and a 200 day moving average of $18.90.

Hanger (OTCMKTS:HNGR) last posted its earnings results on Wednesday, August 7th. The healthcare company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The business had revenue of $281.10 million for the quarter, compared to the consensus estimate of $276.31 million.

In other Hanger news, insider Jay C. Wendt sold 2,860 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $19.43, for a total transaction of $55,569.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.36% of the stock is owned by corporate insiders.

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 (OTCMKTS:HNGR)

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