Seaward Management Limited Partnership acquired a new position in shares of VAREX IMAGING (NASDAQ:VREX) during the second quarter, according to its most recent filing with the SEC. The firm acquired 6,311 shares of the company’s stock, valued at approximately $213,000.
Separately, Hussman Strategic Advisors Inc. acquired a new position in shares of VAREX IMAGING during the second quarter worth $147,000. Institutional investors and hedge funds own 91.24% of the company’s stock.
VAREX IMAGING (NASDAQ:VREX) opened at 28.90 on Thursday. VAREX IMAGING has a one year low of $25.00 and a one year high of $36.58. The company has a 50 day moving average of $32.13 and a 200-day moving average of $32.54. The firm has a market cap of $1.09 billion and a PE ratio of 16.55.
VAREX IMAGING (NASDAQ:VREX) last posted its earnings results on Thursday, August 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.07. The company had revenue of $170 million for the quarter, compared to analysts’ expectations of $179.05 million. VAREX IMAGING’s quarterly revenue was up 12.6% on a year-over-year basis. On average, equities research analysts predict that VAREX IMAGING will post $1.80 earnings per share for the current year.
VREX has been the subject of a number of research reports. J P Morgan Chase & Co cut shares of VAREX IMAGING from a “neutral” rating to an “underweight” rating and set a $30.00 price objective for the company. in a report on Friday, April 21st. Zacks Investment Research upgraded shares of VAREX IMAGING from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Thursday, June 22nd. Finally, Jefferies Group LLC initiated coverage on shares of VAREX IMAGING in a report on Wednesday. They issued a “buy” rating and a $34.00 price objective for the company.
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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