Proficio Capital Partners LLC bought a new stake in Varex Imaging Co. (NASDAQ:VREX - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 29,195 shares of the company's stock, valued at approximately $426,000. Proficio Capital Partners LLC owned about 0.07% of Varex Imaging as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of VREX. Quest Partners LLC bought a new position in shares of Varex Imaging during the 3rd quarter worth approximately $41,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Varex Imaging during the 3rd quarter worth about $312,000. Intech Investment Management LLC boosted its holdings in shares of Varex Imaging by 13.7% during the 3rd quarter. Intech Investment Management LLC now owns 16,267 shares of the company's stock worth $194,000 after buying an additional 1,959 shares during the period. Algert Global LLC acquired a new position in Varex Imaging in the 3rd quarter valued at about $423,000. Finally, Dynamic Technology Lab Private Ltd raised its holdings in Varex Imaging by 100.2% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 24,616 shares of the company's stock valued at $293,000 after acquiring an additional 12,319 shares during the period.
Insider Transactions at Varex Imaging
In other news, SVP Kimberley E. Honeysett sold 4,007 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.81, for a total transaction of $51,329.67. Following the completion of the transaction, the senior vice president now owns 4,002 shares of the company's stock, valued at approximately $51,265.62. The trade was a 50.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.30% of the stock is currently owned by insiders.
Varex Imaging Price Performance
Varex Imaging stock traded down $0.50 during mid-day trading on Friday, reaching $11.52. 467,536 shares of the company were exchanged, compared to its average volume of 542,019. The firm has a market cap of $474.62 million, a PE ratio of -9.85 and a beta of 0.56. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.36 and a quick ratio of 2.50. The company has a fifty day simple moving average of $13.17 and a 200-day simple moving average of $13.42. Varex Imaging Co. has a 12 month low of $10.19 and a 12 month high of $18.30.
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 analysts' consensus estimates of $0.04 by $0.03. Varex Imaging had a positive return on equity of 4.00% and a negative net margin of 5.79%. As a group, equities research analysts expect that Varex Imaging Co. will post 0.53 earnings per share for the current fiscal year.
Analyst Ratings Changes
VREX has been the topic of several research reports. Oppenheimer decreased their target price on Varex Imaging from $30.00 to $23.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. StockNews.com upgraded shares of Varex Imaging from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Finally, B. Riley reiterated a "buy" rating and issued a $22.00 price objective (up previously from $21.00) on shares of Varex Imaging in a research note on Friday, February 7th.
Check Out Our Latest Stock Analysis on Varex Imaging
About Varex Imaging
(
Free Report)
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.
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