Rice Hall James & Associates LLC Acquires 232,229 Shares of Varex Imaging Co. (NASDAQ:VREX)

Rice Hall James & Associates LLC increased its stake in shares of Varex Imaging Co. (NASDAQ:VREX - Free Report) by 240.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 328,692 shares of the company's stock after purchasing an additional 232,229 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.80% of Varex Imaging worth $4,796,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the business. CWM LLC raised its position in shares of Varex Imaging by 2,384.2% in the third quarter. CWM LLC now owns 9,589 shares of the company's stock valued at $114,000 after purchasing an additional 9,203 shares during the period. Creative Planning raised its position in shares of 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 purchasing an additional 1,654 shares during the period. Inspire Advisors LLC raised its position in shares of Varex Imaging by 29.8% in the third quarter. Inspire Advisors LLC now owns 14,149 shares of the company's stock valued at $169,000 after purchasing an additional 3,245 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Varex Imaging by 37.3% in the third quarter. Assenagon Asset Management S.A. now owns 185,506 shares of the company's stock valued at $2,211,000 after purchasing an additional 50,382 shares during the period. Finally, Empowered Funds LLC raised its position in shares of Varex Imaging by 5.3% in the third quarter. Empowered Funds LLC now owns 158,873 shares of the company's stock valued at $1,894,000 after purchasing an additional 8,040 shares during the period.

Analyst Ratings Changes

VREX has been the topic of a number of research reports. Oppenheimer dropped 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 report on Friday, February 7th. B. Riley reaffirmed a "buy" rating and set a $22.00 target price (up previously from $21.00) on shares of Varex Imaging in a research report on Friday, February 7th. Finally, StockNews.com raised shares of Varex Imaging from a "hold" rating to a "buy" rating in a research report on Friday, February 7th.

Varex Imaging Stock Performance

VREX stock traded down $0.21 on Friday, reaching $12.64. 493,284 shares of the company were exchanged, compared to its average volume of 524,782. Varex Imaging Co. has a 12 month low of $10.19 and a 12 month high of $18.30. The stock's fifty day moving average price is $13.99 and its 200 day moving average price is $13.30. The firm has a market capitalization of $520.77 million, a PE ratio of -10.80 and a beta of 0.62. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.36 and a quick ratio of 2.50.

Varex Imaging (NASDAQ:VREX - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.07 earnings per share (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%. On average, research analysts anticipate that Varex Imaging Co. will post 0.53 EPS for the current fiscal year.

Varex Imaging 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.