Profund Advisors LLC purchased a new stake in VAREX IMAGING (NASDAQ:VREX) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 8,309 shares of the company’s stock, valued at approximately $281,000.
A number of other large investors also recently added to or reduced their stakes in the stock. Laurion Capital Management LP bought a new stake in VAREX IMAGING in the second quarter valued at $4,782,000. Stevens Capital Management LP bought a new stake in shares of VAREX IMAGING during the 2nd quarter valued at $424,000. Nicholas Company Inc. bought a new stake in shares of VAREX IMAGING during the 2nd quarter valued at $5,211,000. BlackRock Inc. bought a new stake in shares of VAREX IMAGING during the 2nd quarter valued at $156,842,000. Finally, Nationwide Fund Advisors bought a new stake in shares of VAREX IMAGING during the 2nd quarter valued at $767,000. Institutional investors and hedge funds own 91.72% of the company’s stock.
A number of analysts have recently commented on the stock. Zacks Investment Research upgraded shares of VAREX IMAGING from a “strong sell” rating to a “hold” rating in a report on Thursday, October 5th. J P Morgan Chase & Co cut shares of VAREX IMAGING from a “neutral” rating to an “underweight” rating and set a $33.00 target price on the stock. in a report on Wednesday, October 4th. Finally, Jefferies Group LLC assumed coverage on shares of VAREX IMAGING in a report on Wednesday, August 9th. They set a “buy” rating and a $34.00 target price on the stock.
Shares of VAREX IMAGING (NASDAQ:VREX) opened at 33.06 on Wednesday. The stock’s 50 day moving average is $30.07 and its 200-day moving average is $32.61. VAREX IMAGING has a one year low of $25.00 and a one year high of $36.58. The company has a market cap of $1.24 billion and a PE ratio of 21.15.
VAREX IMAGING (NASDAQ:VREX) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.07). The firm had revenue of $170.00 million during the quarter, compared to analyst estimates of $179.05 million. The business’s quarterly revenue was up 12.6% on a year-over-year basis. Equities research analysts expect that VAREX IMAGING will post $1.75 earnings per share for the current year.
VAREX IMAGING Company Profile
Varex Imaging Corporation is a supplier of medical X-ray tubes and image processing solutions. The Company’s segments include Medical and Industrial. The X-ray imaging system manufacturers use the Company’s components for medical imaging, cargo screening and border security, to detect, diagnose and protect.
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