Hanger Director Unloads $173,610 in Stock (HGR)
Hanger (NYSE:HGR) Director Eric Green sold 4,500 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $38.58, for a total transaction of $173,610.00. Following the completion of the sale, the director now directly owns 69,141 shares of the company’s stock, valued at approximately $2,667,460. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Hanger in a research note to investors on Thursday, October 31st. They now have a $39.00 price target on the stock.
Shares of Hanger (NYSE:HGR) traded up 1.41% on Friday, hitting $38.85. The stock had a trading volume of 64,546 shares. Hanger has a 52 week low of $27.26 and a 52 week high of $39.75. The stock’s 50-day moving average is $37.90 and its 200-day moving average is $34.75. The company has a market cap of $1.356 billion and a price-to-earnings ratio of 20.62.
Hanger (NYSE:HGR) last announced its earnings results on Wednesday, October 30th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.58 by $0.04. The company had revenue of $271.10 million for the quarter, compared to the consensus estimate of $270.42 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 11.3% on a year-over-year basis.
Hanger, Inc, formerly Hanger Orthopedic Group, Inc, is a provider of services and products that enhance human physical capabilities.
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