Tudor Investment Corp Et Al Lowers Position in Hanger, Inc. (NYSE:HNGR)


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Tudor Investment Corp Et Al lessened its stake in Hanger, Inc. (NYSE:HNGR) by 55.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,376 shares of the company’s stock after selling 15,279 shares during the period. Tudor Investment Corp Et Al’s holdings in Hanger were worth $272,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in HNGR. Nuveen Asset Management LLC raised its stake in shares of Hanger by 14.8% during the 4th quarter. Nuveen Asset Management LLC now owns 215,376 shares of the company’s stock worth $4,737,000 after buying an additional 27,700 shares during the period. Engineers Gate Manager LP raised its stake in shares of Hanger by 9.0% during the 4th quarter. Engineers Gate Manager LP now owns 18,610 shares of the company’s stock worth $409,000 after buying an additional 1,542 shares during the period. ExodusPoint Capital Management LP acquired a new position in shares of Hanger during the 4th quarter worth approximately $446,000. Charles Schwab Investment Management Inc. raised its stake in shares of Hanger by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 248,603 shares of the company’s stock worth $5,467,000 after buying an additional 1,092 shares during the period. Finally, Vantage Consulting Group Inc acquired a new position in shares of Hanger during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 94.41% of the company’s stock.

In other Hanger news, CEO Vinit K. Asar sold 15,000 shares of the firm’s stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $23.22, for a total value of $348,300.00. 2.81% of the stock is owned by company insiders.

Several brokerages have recently weighed in on HNGR. TheStreet raised Hanger from a “c” rating to a “b-” rating in a research note on Tuesday, March 16th. Zacks Investment Research downgraded Hanger from a “hold” rating to a “sell” rating in a research note on Thursday, March 4th.

NYSE HNGR opened at $24.08 on Thursday. The business has a fifty day moving average price of $23.17 and a 200 day moving average price of $22.78. Hanger, Inc. has a one year low of $14.13 and a one year high of $25.00. The company has a debt-to-equity ratio of 15.28, a quick ratio of 1.11 and a current ratio of 1.40. The company has a market cap of $918.60 million, a P/E ratio of 22.72 and a beta of 2.52.

Hanger (NYSE:HNGR) last posted its quarterly earnings data on Tuesday, March 2nd. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.41. Hanger had a return on equity of 237.97% and a net margin of 3.99%. The firm had revenue of $277.34 million during the quarter, compared to the consensus estimate of $258.92 million. As a group, sell-side analysts predict that Hanger, Inc. will post 0.18 EPS for the current fiscal year.

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 (NYSE:HNGR)

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