GAM Holding AG grew its position in Varex Imaging Corp (NASDAQ:VREX) by 66.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,140 shares of the company’s stock after acquiring an additional 15,200 shares during the period. GAM Holding AG owned about 0.10% of Varex Imaging worth $1,093,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Varex Imaging by 465.2% during the 3rd quarter. FMR LLC now owns 1,400,147 shares of the company’s stock worth $40,129,000 after buying an additional 1,152,410 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Varex Imaging by 9.5% during the 2nd quarter. BlackRock Inc. now owns 5,549,006 shares of the company’s stock worth $205,812,000 after buying an additional 479,694 shares during the last quarter. WINTON GROUP Ltd lifted its stake in shares of Varex Imaging by 1,106.1% during the 2nd quarter. WINTON GROUP Ltd now owns 494,541 shares of the company’s stock worth $18,343,000 after buying an additional 453,536 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in shares of Varex Imaging by 50.0% during the 3rd quarter. Commonwealth Bank of Australia now owns 1,219,322 shares of the company’s stock worth $34,941,000 after buying an additional 406,415 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in shares of Varex Imaging by 154.4% during the 3rd quarter. Royce & Associates LP now owns 383,558 shares of the company’s stock worth $10,993,000 after buying an additional 232,770 shares during the last quarter. 97.82% of the stock is owned by institutional investors.
NASDAQ VREX opened at $24.07 on Friday. The company has a quick ratio of 1.47, a current ratio of 3.01 and a debt-to-equity ratio of 0.85. The stock has a market cap of $975.08 million, a PE ratio of 18.52, a P/E/G ratio of 1.90 and a beta of 1.58. Varex Imaging Corp has a 52-week low of $23.86 and a 52-week high of $43.76.
Varex Imaging (NASDAQ:VREX) last posted its earnings results on Tuesday, November 13th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The company had revenue of $204.80 million for the quarter, compared to analyst estimates of $192.10 million. Varex Imaging had a return on equity of 11.96% and a net margin of 3.56%. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 EPS. As a group, equities research analysts expect that Varex Imaging Corp will post 1.35 earnings per share for the current year.
A number of analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Varex Imaging from a “hold” rating to a “sell” rating in a research note on Saturday, November 17th. Jefferies Financial Group restated a “buy” rating on shares of Varex Imaging in a research note on Thursday, November 15th. JPMorgan Chase & Co. cut their target price on shares of Varex Imaging from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, November 14th. Finally, TheStreet cut shares of Varex Imaging from a “c-” rating to a “d+” rating in a research note on Friday, October 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $34.00.
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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 flat panel image detectors, high voltage connectors, image-processing software and workstations, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, ionization chambers, and buckys.
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