Thompson Investment Management Inc. reduced its position in shares of Hanger Inc (OTCMKTS:HNGR) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 300,545 shares of the healthcare company’s stock after selling 12,735 shares during the quarter. Hanger accounts for 1.2% of Thompson Investment Management Inc.’s investment portfolio, making the stock its 24th biggest holding. Thompson Investment Management Inc. owned about 0.81% of Hanger worth $6,125,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in shares of Hanger in the third quarter worth $144,000. Mackay Shields LLC acquired a new position in shares of Hanger in the third quarter worth $1,618,000. California Public Employees Retirement System increased its stake in shares of Hanger by 68.5% in the third quarter. California Public Employees Retirement System now owns 17,495 shares of the healthcare company’s stock worth $357,000 after acquiring an additional 7,111 shares during the last quarter. Usca Ria LLC acquired a new position in shares of Hanger in the third quarter worth $33,000. Finally, Rhumbline Advisers increased its stake in shares of Hanger by 8.9% in the third quarter. Rhumbline Advisers now owns 50,975 shares of the healthcare company’s stock worth $1,039,000 after acquiring an additional 4,187 shares during the last quarter. 3.61% of the stock is currently owned by institutional investors.
Shares of OTCMKTS HNGR traded up $1.07 during mid-day trading on Friday, reaching $24.04. The company had a trading volume of 596,300 shares, compared to its average volume of 323,851. Hanger Inc has a twelve month low of $15.50 and a twelve month high of $25.00. The stock’s 50 day moving average is $20.86 and its 200-day moving average is $19.34.
Hanger (OTCMKTS:HNGR) last posted its earnings results on Thursday, November 7th. The healthcare company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The business had revenue of $279.64 million for the quarter, compared to analyst estimates of $274.14 million.
Separately, Zacks Investment Research downgraded shares of Hanger from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st.
Hanger, Inc provides orthotic and prosthetic (O&P) services; and distributes O&P devices and components, manages O&P networks, and provides therapeutic solutions to patients and businesses in acute, post-acute, and clinic settings in the United States. It operates through two segments, Patient Care and Products & Services.
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