Proficio Capital Partners LLC Invests $426,000 in Varex Imaging Co. (NASDAQ:VREX)

Proficio Capital Partners LLC purchased a new position in Varex Imaging Co. (NASDAQ:VREX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 29,195 shares of the company's stock, valued at approximately $426,000. Proficio Capital Partners LLC owned about 0.07% of Varex Imaging at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning increased its holdings in Varex Imaging by 9.2% in the third quarter. Creative Planning now owns 19,644 shares of the company's stock valued at $234,000 after buying an additional 1,654 shares in the last quarter. Intech Investment Management LLC boosted its position in Varex Imaging by 13.7% during the third quarter. Intech Investment Management LLC now owns 16,267 shares of the company's stock worth $194,000 after acquiring an additional 1,959 shares during the last quarter. Quest Partners LLC purchased a new position in Varex Imaging during the third quarter worth about $41,000. New York State Common Retirement Fund raised its stake in Varex Imaging by 60.7% during the fourth quarter. New York State Common Retirement Fund now owns 9,531 shares of the company's stock worth $139,000 after purchasing an additional 3,600 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Varex Imaging by 10.5% during the fourth quarter. Principal Financial Group Inc. now owns 41,144 shares of the company's stock worth $600,000 after purchasing an additional 3,914 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VREX shares. Oppenheimer cut their target price on shares of Varex Imaging from $30.00 to $23.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. B. Riley restated a "buy" rating and issued a $22.00 target price (up previously from $21.00) on shares of Varex Imaging in a report on Friday, February 7th. Finally, StockNews.com upgraded shares of Varex Imaging from a "hold" rating to a "buy" rating in a report on Friday, February 7th.

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Varex Imaging Trading Down 0.1 %

Shares of Varex Imaging stock traded down $0.01 during mid-day trading on Friday, hitting $12.50. 200,012 shares of the stock were exchanged, compared to its average volume of 473,035. The company has a 50-day simple moving average of $13.42 and a 200 day simple moving average of $13.39. The company has a current ratio of 4.36, a quick ratio of 2.50 and a debt-to-equity ratio of 1.02. Varex Imaging Co. has a twelve month low of $10.19 and a twelve month high of $18.30. The stock has a market capitalization of $515 million, a price-to-earnings ratio of -10.68 and a beta of 0.56.

Varex Imaging (NASDAQ:VREX - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. Varex Imaging had a negative net margin of 5.79% and a positive return on equity of 4.00%. Research analysts forecast that Varex Imaging Co. will post 0.53 EPS for the current year.

Varex Imaging Company Profile

Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. The company operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers.