Insider Selling: Hanger VP Sells 2,870 Shares of Stock (HGR)
Hanger (NYSE:HGR) VP Thomas E. Hartman sold 2,870 shares of Hanger stock on the open market in a transaction dated Friday, June 6th. The stock was sold at an average price of $31.64, for a total value of $90,806.80. Following the sale, the vice president now directly owns 7,716 shares of the company’s stock, valued at approximately $244,134. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Hanger (NYSE:HGR) traded up 0.06% during mid-day trading on Monday, hitting $32.50. 187,967 shares of the company’s stock traded hands. Hanger has a 52-week low of $28.47 and a 52-week high of $40.71. The stock’s 50-day moving average is $31.69 and its 200-day moving average is $35.27. The company has a market cap of $1.140 billion and a P/E ratio of 19.13.
Hanger (NYSE:HGR) last released its earnings data on Monday, May 5th. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.05. The company had revenue of $235.60 million for the quarter, compared to the consensus estimate of $243.60 million. During the same quarter last year, the company posted $0.27 earnings per share. Hanger’s revenue was up 2.7% compared to the same quarter last year. On average, analysts predict that Hanger will post $2.03 earnings per share for the current fiscal year.
A number of research firms have recently commented on HGR. Analysts at Zacks reiterated a “neutral” rating on shares of Hanger in a research note on Wednesday, May 7th. They now have a $32.00 price target on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $36.00.
Hanger, Inc, formerly Hanger Orthopedic Group, Inc, is a provider of services and products that enhance human physical capabilities.
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