Teachers Retirement System of The State of Kentucky Takes Position in VAREX IMAGING (VREX)

Teachers Retirement System of The State of Kentucky acquired a new stake in VAREX IMAGING (NASDAQ:VREX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,900 shares of the company’s stock, valued at approximately $436,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Security National Trust Co. acquired a new position in VAREX IMAGING in the second quarter valued at $108,000. Howard Hughes Medical Institute acquired a new stake in shares of VAREX IMAGING during the second quarter worth about $134,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of VAREX IMAGING during the second quarter worth about $136,000. Hussman Strategic Advisors Inc. acquired a new stake in shares of VAREX IMAGING during the second quarter worth about $147,000. Finally, Pinebridge Investments L.P. acquired a new stake in shares of VAREX IMAGING during the second quarter worth about $167,000. Institutional investors own 91.72% of the company’s stock.

Several equities research analysts have recently weighed in on VREX shares. Zacks Investment Research downgraded shares of VAREX IMAGING from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 7th. J P Morgan Chase & Co downgraded shares of VAREX IMAGING from a “neutral” rating to an “underweight” rating and set a $33.00 target price for the company. in a research note on Wednesday, October 4th. Finally, Jefferies Group LLC started coverage on shares of VAREX IMAGING in a research note on Wednesday, August 9th. They set a “buy” rating and a $34.00 target price for the company.

Shares of VAREX IMAGING (NASDAQ VREX) opened at 33.79 on Friday. The stock’s 50 day moving average is $32.82 and its 200 day moving average is $32.73. The firm has a market cap of $1.27 billion and a P/E ratio of 21.62. VAREX IMAGING has a 52 week low of $25.00 and a 52 week high of $36.58.

VAREX IMAGING (NASDAQ:VREX) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.07). The firm had revenue of $170.00 million for the quarter, compared to analyst estimates of $179.05 million. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, equities research analysts predict that VAREX IMAGING will post $1.59 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This report was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://ledgergazette.com/2017/10/22/teachers-retirement-system-of-the-state-of-kentucky-takes-position-in-varex-imaging-vrex.html.

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 borde

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Security National Trust Co. acquired a new position in VAREX IMAGING in the second quarter valued at $108,000. Howard Hughes Medical Institute acquired a new stake in shares of VAREX IMAGING during the second quarter worth about $134,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of VAREX IMAGING during the second quarter worth about $136,000. Hussman Strategic Advisors Inc. acquired a new stake in shares of VAREX IMAGING during the second quarter worth about $147,000. Finally, Pinebridge Investments L.P. acquired a new stake in shares of VAREX IMAGING during the second quarter worth about $167,000. Institutional investors own 91.72% of the company’s stock.

Several equities research analysts have recently weighed in on VREX shares. Zacks Investment Research downgraded shares of VAREX IMAGING from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 7th. J P Morgan Chase & Co downgraded shares of VAREX IMAGING from a “neutral” rating to an “underweight” rating and set a $33.00 target price for the company. in a research note on Wednesday, October 4th. Finally, Jefferies Group LLC started coverage on shares of VAREX IMAGING in a research note on Wednesday, August 9th. They set a “buy” rating and a $34.00 target price for the company.

Shares of VAREX IMAGING (NASDAQ VREX) opened at 33.79 on Friday. The stock’s 50 day moving average is $32.82 and its 200 day moving average is $32.73. The firm has a market cap of $1.27 billion and a P/E ratio of 21.62. VAREX IMAGING has a 52 week low of $25.00 and a 52 week high of $36.58.

VAREX IMAGING (NASDAQ:VREX) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.07). The firm had revenue of $170.00 million for the quarter, compared to analyst estimates of $179.05 million. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, equities research analysts predict that VAREX IMAGING will post $1.59 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This report was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://ledgergazette.com/2017/10/22/teachers-retirement-system-of-the-state-of-kentucky-takes-position-in-varex-imaging-vrex.html.

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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Institutional Ownership by Quarter for VAREX IMAGING (NASDAQ:VREX)

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