Manchester Capital Management LLC Acquires 150 Shares of Varian Medical Systems, Inc. (NYSE:VAR)

Manchester Capital Management LLC increased its holdings in Varian Medical Systems, Inc. (NYSE:VAR) by 16.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,057 shares of the medical equipment provider’s stock after buying an additional 150 shares during the quarter. Manchester Capital Management LLC’s holdings in Varian Medical Systems were worth $109,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Calamos Advisors LLC lifted its position in Varian Medical Systems by 24.3% in the second quarter. Calamos Advisors LLC now owns 37,295 shares of the medical equipment provider’s stock worth $3,848,000 after purchasing an additional 7,297 shares during the period. Atlantic Trust Group LLC acquired a new stake in shares of Varian Medical Systems during the 2nd quarter valued at $1,558,000. Bradley Foster & Sargent Inc. CT lifted its position in shares of Varian Medical Systems by 3.2% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 3,319 shares of the medical equipment provider’s stock valued at $342,000 after acquiring an additional 102 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Varian Medical Systems by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 116,976 shares of the medical equipment provider’s stock valued at $12,070,000 after purchasing an additional 788 shares in the last quarter. Finally, State of Tennessee Treasury Department lifted its holdings in shares of Varian Medical Systems by 31.2% in the second quarter. State of Tennessee Treasury Department now owns 33,473 shares of the medical equipment provider’s stock valued at $3,454,000 after purchasing an additional 7,958 shares in the last quarter. 99.64% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This article was first published by BBNS and is owned by of BBNS. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this article can be viewed at https://baseballnewssource.com/markets/varian-medical-systems-inc-var-holdings-boosted-by-manchester-capital-management-llc/1602967.html.

In other news, EVP Kolleen T. Kennedy sold 26,092 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $105.00, for a total transaction of $2,739,660.00. Following the completion of the sale, the executive vice president now owns 52,692 shares of the company’s stock, valued at approximately $5,532,660. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dow R. Wilson sold 15,060 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $103.37, for a total transaction of $1,556,752.20. Following the sale, the insider now directly owns 81,836 shares of the company’s stock, valued at approximately $8,459,387.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 80,879 shares of company stock valued at $8,340,117. 0.91% of the stock is currently owned by insiders.

Shares of Varian Medical Systems, Inc. (NYSE VAR) traded down 1.201% on Friday, reaching $106.575. 254,088 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $101.40 and its 200 day moving average price is $97.21. Varian Medical Systems, Inc. has a 12 month low of $75.20 and a 12 month high of $107.87. The company has a market cap of $9.78 billion, a price-to-earnings ratio of 35.081 and a beta of 0.58.

Varian Medical Systems (NYSE:VAR) last posted its quarterly earnings data on Wednesday, July 26th. The medical equipment provider reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.09. The firm had revenue of $662.40 million during the quarter, compared to the consensus estimate of $663.86 million. Varian Medical Systems had a net margin of 9.50% and a return on equity of 24.70%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.00 EPS. Equities research analysts predict that Varian Medical Systems, Inc. will post $3.93 EPS for the current fiscal year.

A number of research firms have recently weighed in on VAR. BidaskClub raised shares of Varian Medical Systems from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. BTIG Research cut shares of Varian Medical Systems from a “buy” rating to a “neutral” rating in a report on Thursday, September 7th. They noted that the move was a valuation call. Robert W. Baird reiterated a “neutral” rating and issued a $99.00 target price (up previously from $89.00) on shares of Varian Medical Systems in a research note on Friday, July 14th. Zacks Investment Research cut shares of Varian Medical Systems from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $100.00 target price on shares of Varian Medical Systems in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $97.39.

Varian Medical Systems Profile

Varian Medical Systems, Inc is a manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy.

Institutional Ownership by Quarter for Varian Medical Systems (NYSE:VAR)

Receive News & Ratings for Varian Medical Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varian Medical Systems Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster


Leave a Reply

 
© 2006-2017 BBNS.