Aperio Group LLC purchased a new stake in shares of Varex Imaging (NASDAQ:VREX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 29,358 shares of the company’s stock, valued at approximately $993,000. Aperio Group LLC owned 0.08% of Varex Imaging at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Security National Trust Co. purchased a new stake in Varex Imaging during the second quarter valued at about $108,000. Ameritas Investment Partners Inc. purchased a new stake in Varex Imaging during the second quarter valued at about $112,000. Howard Hughes Medical Institute purchased a new stake in Varex Imaging during the second quarter valued at about $134,000. Oppenheimer Asset Management Inc. purchased a new stake in Varex Imaging during the second quarter valued at about $136,000. Finally, Hussman Strategic Advisors Inc. purchased a new stake in Varex Imaging during the second quarter valued at about $147,000. 96.37% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have issued reports on VREX. Zacks Investment Research downgraded Varex Imaging from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. J P Morgan Chase & Co downgraded Varex Imaging from a “neutral” rating to an “underweight” rating and set a $33.00 price target for the company. in a research report on Wednesday, October 4th. Finally, Jefferies Group LLC boosted their price target on Varex Imaging to $39.00 and gave the company a “buy” rating in a research report on Friday, November 10th.
Shares of Varex Imaging (NASDAQ:VREX) opened at $36.72 on Monday. Varex Imaging has a 1 year low of $25.00 and a 1 year high of $37.15. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.72 and a current ratio of 3.26.
Varex Imaging (NASDAQ:VREX) last issued its earnings results on Thursday, November 9th. The company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.07. The company had revenue of $216.00 million during the quarter, compared to analysts’ expectations of $213.73 million. The firm’s revenue for the quarter was up 25.5% compared to the same quarter last year. analysts anticipate that Varex Imaging will post 1.82 EPS for the current fiscal year.
About Varex Imaging
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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