Old Mutual Global Investors UK Ltd. acquired a new stake in shares of VAREX IMAGING (NASDAQ:VREX) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 27,580 shares of the company’s stock, valued at approximately $932,000. Old Mutual Global Investors UK Ltd. owned about 0.07% of VAREX IMAGING as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of VREX. QV Investors Inc. acquired a new stake in VAREX IMAGING in the 2nd quarter worth about $59,839,000. First Eagle Investment Management LLC acquired a new stake in VAREX IMAGING in the 2nd quarter worth about $59,452,000. Bank of New York Mellon Corp acquired a new stake in VAREX IMAGING in the 2nd quarter worth about $15,286,000. Principal Financial Group Inc. acquired a new stake in VAREX IMAGING in the 2nd quarter worth about $12,001,000. Finally, Marshall Wace North America L.P. acquired a new stake in VAREX IMAGING in the 2nd quarter worth about $10,170,000. 91.79% of the stock is currently owned by institutional investors and hedge funds.
VAREX IMAGING (NASDAQ:VREX) opened at 32.11 on Friday. The stock has a 50 day moving average price of $30.07 and a 200-day moving average price of $32.61. VAREX IMAGING has a 12-month low of $25.00 and a 12-month high of $36.58. The stock has a market capitalization of $1.21 billion and a P/E ratio of 20.54.
VAREX IMAGING (NASDAQ:VREX) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.07). The firm had revenue of $170.00 million during the quarter, compared to analyst estimates of $179.05 million. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Equities research analysts expect that VAREX IMAGING will post $1.75 EPS for the current year.
A number of analysts have issued reports on VREX shares. Jefferies Group LLC started coverage on VAREX IMAGING in a research note on Wednesday, August 9th. They issued a “buy” rating and a $34.00 price target on the stock. Zacks Investment Research raised VAREX IMAGING from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Thursday, June 22nd. Finally, J P Morgan Chase & Co raised VAREX IMAGING from an “underweight” rating to a “neutral” rating and set a $33.00 price target on the stock in a research note on Tuesday, August 8th.
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VAREX IMAGING 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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