Hanger Director Richard Pettingill Acquires 4,810 Shares (HGR)
Hanger (NYSE:HGR) Director Richard Pettingill acquired 4,810 shares of the stock on the open market in a transaction dated Tuesday, August 19th. The stock was purchased at an average price of $20.79 per share, with a total value of $99,999.90. Following the completion of the transaction, the director now directly owns 10,284 shares in the company, valued at approximately $213,804. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Hanger (NYSE:HGR) traded up 1.89% during mid-day trading on Wednesday, hitting $21.07. The stock had a trading volume of 515,096 shares. Hanger has a one year low of $20.42 and a one year high of $40.71. The stock’s 50-day moving average is $28.49 and its 200-day moving average is $31.97. The company has a market cap of $747.3 million and a P/E ratio of 12.54.
Hanger (NYSE:HGR) last released its earnings data on Thursday, August 7th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the 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.
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.
Hanger, Inc, formerly Hanger Orthopedic Group, Inc, is a provider of services and products that enhance human physical capabilities.
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