Mackay Shields LLC Acquires Shares of 79,400 Hanger Inc (OTCMKTS:HNGR)

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Mackay Shields LLC acquired a new stake in shares of Hanger Inc (OTCMKTS:HNGR) during the third quarter, Holdings Channel.com reports. The firm acquired 79,400 shares of the healthcare company’s stock, valued at approximately $1,618,000.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in Hanger by 367.0% during the 2nd quarter. BlackRock Inc. now owns 2,648,491 shares of the healthcare company’s stock worth $50,718,000 after acquiring an additional 2,081,388 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Hanger by 17.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,222,508 shares of the healthcare company’s stock valued at $61,711,000 after purchasing an additional 475,478 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Hanger by 1,805.7% in the 2nd quarter. Renaissance Technologies LLC now owns 436,400 shares of the healthcare company’s stock valued at $8,357,000 after purchasing an additional 413,500 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Hanger by 176.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 469,302 shares of the healthcare company’s stock valued at $8,973,000 after purchasing an additional 299,753 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Hanger by 12.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,701,898 shares of the healthcare company’s stock valued at $32,591,000 after purchasing an additional 191,640 shares in the last quarter. Institutional investors and hedge funds own 3.61% of the company’s stock.

Separately, Zacks Investment Research upgraded Hanger from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Tuesday.

OTCMKTS HNGR opened at $23.56 on Friday. Hanger Inc has a 52 week low of $15.50 and a 52 week high of $25.00. The business’s fifty day simple moving average is $21.15 and its 200-day simple moving average is $19.48.

Hanger (OTCMKTS:HNGR) last posted its quarterly earnings results on Thursday, November 7th. The healthcare company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $279.64 million for the quarter, compared to analysts’ expectations of $274.14 million.

Hanger Company Profile

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.

Read More: Mutual funds are not immune from market timing

Want to see what other hedge funds are holding HNGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hanger Inc (OTCMKTS:HNGR).

Institutional Ownership by Quarter for Hanger (OTCMKTS:HNGR)

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