Eii Capital Management Inc. acquired a new position in Varex Imaging (NASDAQ:VREX) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 63,310 shares of the company’s stock, valued at approximately $2,142,000. Eii Capital Management Inc. owned 0.17% of Varex Imaging as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in VREX. Schwab Charles Investment Management Inc. purchased a new stake in Varex Imaging in the second quarter worth about $5,349,000. Foundry Partners LLC purchased a new stake in Varex Imaging in the second quarter worth about $455,000. Arizona State Retirement System purchased a new stake in Varex Imaging in the second quarter worth about $662,000. Rhumbline Advisers purchased a new stake in Varex Imaging in the second quarter worth about $2,510,000. Finally, SFE Investment Counsel purchased a new stake in Varex Imaging in the second quarter worth about $1,761,000. Institutional investors and hedge funds own 92.79% of the company’s stock.

A number of equities research analysts have recently commented on VREX shares. Zacks Investment Research cut shares of Varex Imaging from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. J P Morgan Chase & Co cut shares of Varex Imaging from a “neutral” rating to an “underweight” rating and set a $33.00 price target on the stock. in a report on Wednesday, October 4th. Finally, Jefferies Group increased their price target on shares of Varex Imaging to $39.00 and gave the company a “buy” rating in a report on Friday, November 10th.

In other news, insider Sunny Sanyal sold 50,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $36.50, for a total transaction of $1,825,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Varex Imaging (NASDAQ VREX) opened at $38.15 on Wednesday. Varex Imaging has a fifty-two week low of $25.00 and a fifty-two week high of $38.80. The company has a current ratio of 3.26, a quick ratio of 1.72 and a debt-to-equity ratio of 1.22.

Varex Imaging (NASDAQ:VREX) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.07. The firm had revenue of $216.00 million for the quarter, compared to analysts’ expectations of $213.73 million. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. research analysts expect that Varex Imaging will post 1.82 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for Varex Imaging (NASDAQ:VREX)

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