Aigen Investment Management LP acquired a new stake in Varex Imaging Co. (NASDAQ:VREX) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,960 shares of the company’s stock, valued at approximately $89,000.
Other institutional investors have also bought and sold shares of the company. New York State Common Retirement Fund grew its holdings in shares of Varex Imaging by 6.3% during the third quarter. New York State Common Retirement Fund now owns 160,280 shares of the company’s stock worth $2,039,000 after purchasing an additional 9,500 shares during the last quarter. California Public Employees Retirement System grew its holdings in Varex Imaging by 3.9% during the 3rd quarter. California Public Employees Retirement System now owns 86,166 shares of the company’s stock worth $1,096,000 after acquiring an additional 3,200 shares during the last quarter. First Trust Advisors LP acquired a new stake in Varex Imaging in the 3rd quarter valued at about $482,000. Wells Fargo & Company MN raised its stake in shares of Varex Imaging by 20.1% in the third quarter. Wells Fargo & Company MN now owns 2,128,660 shares of the company’s stock worth $27,077,000 after acquiring an additional 356,259 shares during the last quarter. Finally, Isthmus Partners LLC lifted its position in shares of Varex Imaging by 50.8% during the third quarter. Isthmus Partners LLC now owns 69,617 shares of the company’s stock worth $886,000 after purchasing an additional 23,449 shares in the last quarter. 99.87% of the stock is currently owned by institutional investors.
VREX opened at $14.76 on Friday. The firm’s fifty day moving average is $13.74 and its two-hundred day moving average is $15.03. The firm has a market cap of $577.12 million, a PE ratio of -25.89, a price-to-earnings-growth ratio of 6.95 and a beta of 0.86. Varex Imaging Co. has a twelve month low of $10.36 and a twelve month high of $32.21. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.12 and a current ratio of 2.60.
Varex Imaging (NASDAQ:VREX) last posted its earnings results on Monday, November 16th. The company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.06. Varex Imaging had a positive return on equity of 4.93% and a negative net margin of 2.89%. Equities analysts forecast that Varex Imaging Co. will post 0.05 EPS for the current fiscal year.
Several research analysts have issued reports on the company. TheStreet downgraded Varex Imaging from a “c-” rating to a “d” rating in a report on Wednesday, August 12th. JPMorgan Chase & Co. decreased their price target on Varex Imaging from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday, September 29th. Zacks Investment Research downgraded shares of Varex Imaging from a “buy” rating to a “hold” rating in a research report on Tuesday, July 28th. ValuEngine upgraded shares of Varex Imaging from a “hold” rating to a “buy” rating in a research report on Tuesday, September 1st. Finally, Oppenheimer lowered shares of Varex Imaging from an “outperform” rating to a “market perform” rating in a report on Thursday, August 13th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $28.40.
About Varex Imaging
Varex Imaging Corporation designs and manufactures X-ray imaging components. The company operates in two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital detectors, high voltage connectors, image-processing software and workstations, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, heat exchangers, ionization chambers, and buckys.
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