Rice Hall James & Associates LLC Purchases New Holdings in Varex Imaging Co. (NASDAQ:VREX)

Rice Hall James & Associates LLC purchased a new stake in Varex Imaging Co. (NASDAQ:VREX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 96,463 shares of the company’s stock, valued at approximately $1,150,000.

Other hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. lifted its position in shares of Varex Imaging by 424.3% in the 1st quarter. Russell Investments Group Ltd. now owns 81,847 shares of the company’s stock valued at $1,481,000 after acquiring an additional 66,235 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Varex Imaging by 287.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 165,103 shares of the company’s stock valued at $2,432,000 after buying an additional 122,488 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Varex Imaging by 11.8% during the 1st quarter. First Eagle Investment Management LLC now owns 357,687 shares of the company’s stock valued at $6,474,000 after buying an additional 37,800 shares during the period. Empowered Funds LLC acquired a new stake in shares of Varex Imaging during the 1st quarter valued at $734,000. Finally, Deerfield Management Company L.P. Series C acquired a new stake in shares of Varex Imaging during the 2nd quarter valued at $971,000.

Varex Imaging Stock Up 0.5 %

Varex Imaging stock opened at $13.20 on Friday. The company has a market capitalization of $539.88 million, a P/E ratio of 18.59 and a beta of 0.53. Varex Imaging Co. has a 1-year low of $10.19 and a 1-year high of $21.50. The company has a current ratio of 3.34, a quick ratio of 1.89 and a debt-to-equity ratio of 0.67. The firm’s fifty day simple moving average is $11.89 and its 200-day simple moving average is $13.73.

Varex Imaging (NASDAQ:VREX) last announced its earnings results on Thursday, August 1st. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.05). The firm had revenue of $209.00 million during the quarter, compared to the consensus estimate of $209.50 million. Varex Imaging had a return on equity of 6.11% and a net margin of 4.11%. The business’s revenue was down 10.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.37 EPS. Sell-side analysts forecast that Varex Imaging Co. will post 0.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Shubham Maheshwari bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average price of $10.82 per share, for a total transaction of $108,200.00. Following the acquisition, the chief financial officer now directly owns 56,063 shares of the company’s stock, valued at $606,601.66. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Shubham Maheshwari purchased 10,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were bought at an average cost of $10.82 per share, for a total transaction of $108,200.00. Following the transaction, the chief financial officer now directly owns 56,063 shares of the company’s stock, valued at approximately $606,601.66. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Kimberley E. Honeysett sold 2,578 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $12.53, for a total transaction of $32,302.34. Following the completion of the sale, the senior vice president now owns 275 shares in the company, valued at $3,445.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley initiated coverage on shares of Varex Imaging in a research note on Friday, August 23rd. They set a “buy” rating and a $21.00 target price for the company.

About Varex Imaging

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.