Hanger CFO Sells $51,290 in Stock (HGR)
Hanger (NYSE:HGR) CFO George E. Mchenry, Jr. sold 2,300 shares of Hanger stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $22.30, for a total transaction of $51,290.00. Following the completion of the sale, the chief financial officer now directly owns 47,207 shares of the company’s stock, valued at approximately $1,052,716. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on HGR. Analysts at SunTrust downgraded shares of Hanger from a “buy” rating to a “neutral” rating in a research note on Monday, August 11th. They now have a $24.00 price target on the stock, down previously from $38.00. Separately, analysts at Jefferies Group cut their price target on shares of Hanger from $41.00 to $30.00 in a research note on Friday, August 8th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Hanger in a research note on Monday, July 28th. They now have a $32.00 price target on the stock.
Shares of Hanger (NYSE:HGR) traded down 1.20% during mid-day trading on Friday, hitting $21.43. The stock had a trading volume of 946,217 shares. Hanger has a 52-week low of $21.02 and a 52-week high of $40.71. The stock’s 50-day moving average is $29.01 and its 200-day moving average is $32.27. The company has a market cap of $760.1 million and a price-to-earnings ratio of 13.15.
Hanger (NYSE:HGR) last announced its earnings results on Thursday, August 7th. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.53 by $0.13. The company had revenue of $275.85 million for the quarter, compared to the consensus estimate of $285.51 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts expect that Hanger will post $1.73 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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