The Manufacturers Life Insurance Company bought a new position in Varex Imaging (NASDAQ:VREX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 28,724 shares of the company’s stock, valued at approximately $971,000. The Manufacturers Life Insurance Company owned about 0.08% of Varex Imaging as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Security National Trust Co. bought a new stake in shares of Varex Imaging in the 2nd quarter worth about $108,000. Howard Hughes Medical Institute bought a new stake in shares of Varex Imaging in the 2nd quarter worth about $134,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Varex Imaging in the 2nd quarter worth about $136,000. Hussman Strategic Advisors Inc. bought a new stake in shares of Varex Imaging in the 2nd quarter worth about $147,000. Finally, Pinebridge Investments L.P. bought a new stake in shares of Varex Imaging in the 2nd quarter worth about $167,000. 92.94% of the stock is currently owned by institutional investors and hedge funds.
VREX has been the topic of several research reports. Jefferies Group LLC upped their price target on shares of Varex Imaging to $39.00 and gave the stock a “buy” rating in a research report on Friday. 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. Finally, J P Morgan Chase & Co downgraded shares of Varex Imaging from a “neutral” rating to an “underweight” rating and set a $33.00 price target on the stock. in a research report on Wednesday, October 4th.
Varex Imaging (VREX) opened at $34.68 on Tuesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.26 and a quick ratio of 1.72. Varex Imaging has a 52-week low of $25.00 and a 52-week high of $36.58.
Varex Imaging (NASDAQ:VREX) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.07. The company had revenue of $216.00 million for the quarter, compared to analyst estimates of $213.73 million. The company’s revenue for the quarter was up 25.5% on a year-over-year basis. sell-side analysts forecast that Varex Imaging will post 1.81 earnings per share for the current year.
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.
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