Morgan Stanley reduced its holdings in shares of Hanger Inc (OTCMKTS:HNGR) by 44.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 231,496 shares of the healthcare company’s stock after selling 184,365 shares during the quarter. Morgan Stanley owned 0.61% of Hanger worth $3,606,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Comerica Bank increased its position in Hanger by 3.5% in the first quarter. Comerica Bank now owns 36,216 shares of the healthcare company’s stock worth $598,000 after buying an additional 1,231 shares during the period. SG Americas Securities LLC increased its position in Hanger by 184.5% in the first quarter. SG Americas Securities LLC now owns 25,982 shares of the healthcare company’s stock worth $405,000 after buying an additional 16,848 shares during the period. New York State Common Retirement Fund increased its position in Hanger by 194.3% in the first quarter. New York State Common Retirement Fund now owns 95,660 shares of the healthcare company’s stock worth $1,490,000 after buying an additional 63,160 shares during the period. Rhumbline Advisers increased its position in Hanger by 6.7% in the first quarter. Rhumbline Advisers now owns 128,107 shares of the healthcare company’s stock worth $1,996,000 after buying an additional 8,012 shares during the period. Finally, Swiss National Bank increased its position in Hanger by 1.4% in the first quarter. Swiss National Bank now owns 65,200 shares of the healthcare company’s stock worth $1,016,000 after buying an additional 900 shares during the period. Institutional investors own 3.61% of the company’s stock.

Several equities research analysts have weighed in on the company. TheStreet raised Hanger from a “c” rating to a “b-” rating in a research report on Thursday, August 13th. Zacks Investment Research lowered Hanger from a “buy” rating to a “hold” rating in a report on Monday.

OTCMKTS:HNGR opened at $18.16 on Thursday. Hanger Inc has a 1-year low of $11.31 and a 1-year high of $28.16. The stock has a fifty day simple moving average of $18.97 and a 200 day simple moving average of $17.56.

Hanger (OTCMKTS:HNGR) last released its quarterly earnings results on Wednesday, August 5th. The healthcare company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.35) by $0.70.

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.

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Institutional Ownership by Quarter for Hanger (OTCMKTS:HNGR)

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