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Hanger (NYSE:HGR) Director Richard Pettingill acquired 4,810 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $20.79 per share, with a total value of $99,999.90. Following the completion of the purchase, the director now directly owns 10,284 shares of the company’s stock, valued at approximately $213,804. The purchase 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.

Hanger (NYSE:HGR) traded down 0.43% on Friday, hitting $22.045. 133,207 shares of the company’s stock traded hands. Hanger has a 52 week low of $20.42 and a 52 week high of $40.71. The stock’s 50-day moving average is $27. and its 200-day moving average is $31.80. The company has a market cap of $781.9 million and a P/E ratio of 13.43.

Hanger (NYSE:HGR) last released its earnings data 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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