56,613 Shares in VAREX IMAGING (VREX) Acquired by GAM Holding AG
GAM Holding AG bought a new position in VAREX IMAGING (NASDAQ:VREX) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 56,613 shares of the company’s stock, valued at approximately $1,914,000. GAM Holding AG owned about 0.15% of VAREX IMAGING as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. Virginia Retirement Systems ET AL acquired a new stake in VAREX IMAGING during the second quarter worth $648,000. Cadence Capital Management LLC acquired a new stake in VAREX IMAGING during the second quarter worth $1,846,000. Knowledge Leaders Capital LLC acquired a new stake in VAREX IMAGING during the second quarter worth $759,000. Marshall Wace North America L.P. acquired a new stake in VAREX IMAGING during the second quarter worth $10,170,000. Finally, Lapides Asset Management LLC acquired a new stake in VAREX IMAGING during the second quarter worth $389,000. 91.79% of the stock is currently owned by hedge funds and other institutional investors.
VAREX IMAGING (VREX) opened at 29.36 on Wednesday. VAREX IMAGING has a 1-year low of $25.00 and a 1-year high of $36.58. The company has a market cap of $1.10 billion and a PE ratio of 18.78. The firm’s 50-day moving average is $30.59 and its 200 day moving average is $32.59.
VAREX IMAGING (NASDAQ:VREX) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by $0.07. The company had revenue of $170 million during the quarter, compared to analysts’ expectations of $179.05 million. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Analysts predict that VAREX IMAGING will post $1.75 earnings per share for the current fiscal year.
VREX has been the topic of a number of analyst reports. Zacks Investment Research cut shares of VAREX IMAGING from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 10th. Jefferies Group LLC initiated coverage on shares of VAREX IMAGING in a research note on Wednesday, August 9th. They issued a “buy” rating and a $34.00 price target on the stock. Finally, J P Morgan Chase & Co upgraded shares of 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.
VAREX IMAGING Company 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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