BlackRock Inc. Acquires New Stake in VAREX IMAGING (VREX)

BlackRock Inc. acquired a new position in VAREX IMAGING (NASDAQ:VREX) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,640,320 shares of the company’s stock, valued at approximately $156,842,000. BlackRock Inc. owned 12.35% of VAREX IMAGING as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Security National Trust Co. acquired a new position in shares of VAREX IMAGING in the second quarter worth about $108,000. Oppenheimer Asset Management Inc. acquired a new position in shares of VAREX IMAGING in the second quarter worth about $136,000. Hussman Strategic Advisors Inc. acquired a new position in shares of VAREX IMAGING in the second quarter worth about $147,000. Wealth Architects LLC acquired a new position in shares of VAREX IMAGING in the second quarter worth about $205,000. Finally, Seaward Management Limited Partnership acquired a new position in shares of VAREX IMAGING in the second quarter worth about $213,000. Institutional investors and hedge funds own 91.72% of the company’s stock.

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VAREX IMAGING (NASDAQ:VREX) last announced its 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 business had revenue of $170.00 million for the quarter, compared to the consensus estimate of $179.05 million. The firm’s revenue was up 12.6% on a year-over-year basis.

VREX has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of VAREX IMAGING from a “strong sell” rating to a “hold” rating in a research 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 for the company. in a research note on Wednesday, October 4th. Finally, Jefferies Group LLC started coverage on shares of VAREX IMAGING in a research note on Wednesday, August 9th. They set a “buy” rating and a $34.00 target price for the company.

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)

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