Hanger VP Walter A. Meffert, Jr. Sells 4,243 Shares (HGR)
Hanger (NYSE:HGR) VP Walter A. Meffert, Jr. unloaded 4,243 shares of the company’s stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $32.18, for a total value of $136,539.74. Following the sale, the vice president now directly owns 12,425 shares in the company, valued at approximately $399,837. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on HGR shares. 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $36.00.
Hanger (NYSE:HGR) traded up 0.50% on Thursday, hitting $32.11. The stock had a trading volume of 155,827 shares. Hanger has a one year low of $28.47 and a one year high of $40.71. The stock’s 50-day moving average is $31. and its 200-day moving average is $35.20. The company has a market cap of $1.126 billion and a price-to-earnings ratio of 18.82.
Hanger (NYSE:HGR) last announced its earnings results on Monday, May 5th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts expect that Hanger will post $2.03 EPS for the current fiscal year.
Hanger, Inc, formerly Hanger Orthopedic Group, Inc, is a provider of services and products that enhance human physical capabilities.
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