Kempen Capital Management N.V. Takes Position in VAREX IMAGING (VREX)
Kempen Capital Management N.V. acquired a new position in shares of VAREX IMAGING (NASDAQ:VREX) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 39,821 shares of the company’s stock, valued at approximately $1,346,000. Kempen Capital Management N.V. owned approximately 0.11% of VAREX IMAGING as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of VREX. Hussman Strategic Advisors Inc. bought a new position in shares of VAREX IMAGING during the 2nd quarter worth approximately $147,000. Independent Order of Foresters bought a new position in shares of VAREX IMAGING during the 2nd quarter worth approximately $243,000. Seaward Management Limited Partnership bought a new position in shares of VAREX IMAGING during the 2nd quarter worth approximately $213,000. Schwab Charles Investment Management Inc. bought a new position in shares of VAREX IMAGING during the 2nd quarter worth approximately $5,349,000. Finally, Foundry Partners LLC bought a new position in shares of VAREX IMAGING during the 2nd quarter worth approximately $455,000. Hedge funds and other institutional investors own 91.72% of the company’s stock.
Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of VAREX IMAGING from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Thursday, June 22nd. 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 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.
Shares of VAREX IMAGING (VREX) traded down 0.69% on Tuesday, reaching $31.88. 6,447 shares of the company’s stock were exchanged. VAREX IMAGING has a one year low of $25.00 and a one year high of $36.58. The firm has a market capitalization of $1.20 billion and a P/E ratio of 20.40. The firm has a 50 day moving average of $30.07 and a 200 day moving average of $32.61.
VAREX IMAGING (NASDAQ:VREX) last released its quarterly earnings data 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 business had revenue of $170.00 million for the quarter, compared to the consensus estimate of $179.05 million. The business’s revenue was up 12.6% on a year-over-year basis. On average, equities research analysts predict that VAREX IMAGING will post $1.75 EPS for the current year.
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About VAREX IMAGING
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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