Profund Advisors LLC Purchases Shares of 8,309 VAREX IMAGING (VREX)

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.

ILLEGAL ACTIVITY NOTICE: This piece was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://stocknewstimes.com/2017/10/11/profund-advisors-llc-purchases-shares-of-8309-varex-imaging-vrex.html.

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.

Institutional Ownership by Quarter for VAREX IMAGING (NASDAQ:VREX)

Receive News & Ratings for VAREX IMAGING Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VAREX IMAGING and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply