Rice Hall James & Associates LLC Has $6.68 Million Stock Position in Varex Imaging (NASDAQ:VREX)

Rice Hall James & Associates LLC raised its stake in shares of Varex Imaging (NASDAQ:VREX - Free Report) by 75.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 575,787 shares of the company's stock after purchasing an additional 247,095 shares during the quarter. Rice Hall James & Associates LLC owned 1.40% of Varex Imaging worth $6,679,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC bought a new position in shares of Varex Imaging in the fourth quarter valued at approximately $25,000. Quadrant Capital Group LLC raised its stake in shares of Varex Imaging by 115.4% in the fourth quarter. Quadrant Capital Group LLC now owns 2,837 shares of the company's stock valued at $41,000 after acquiring an additional 1,520 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Varex Imaging in the fourth quarter valued at approximately $48,000. KLP Kapitalforvaltning AS bought a new position in shares of Varex Imaging in the fourth quarter valued at approximately $98,000. Finally, US Bancorp DE raised its stake in shares of Varex Imaging by 149.8% in the fourth quarter. US Bancorp DE now owns 7,386 shares of the company's stock valued at $108,000 after acquiring an additional 4,429 shares during the last quarter.

Varex Imaging Trading Up 0.6%

VREX stock traded up $0.05 during trading on Thursday, hitting $7.85. The company had a trading volume of 311,197 shares, compared to its average volume of 555,729. The company has a quick ratio of 2.36, a current ratio of 4.05 and a debt-to-equity ratio of 1.00. The firm has a 50-day moving average price of $8.07 and a 200-day moving average price of $10.45. Varex Imaging has a 12 month low of $6.76 and a 12 month high of $16.93. The stock has a market cap of $323.42 million, a price-to-earnings ratio of -7.62 and a beta of 0.70.

Varex Imaging (NASDAQ:VREX - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.12. Varex Imaging had a negative net margin of 5.08% and a positive return on equity of 4.91%. The firm had revenue of $212.90 million during the quarter, compared to analysts' expectations of $206.76 million. During the same quarter in the previous year, the company posted $0.16 EPS. Varex Imaging's revenue was up 3.3% on a year-over-year basis. As a group, analysts predict that Varex Imaging will post 0.53 earnings per share for the current year.

Analysts Set New Price Targets

VREX has been the subject of a number of research analyst reports. B. Riley upgraded shares of Varex Imaging to a "strong-buy" rating in a research note on Monday, May 12th. Wall Street Zen upgraded shares of Varex Imaging from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th.

Varex Imaging Company Profile

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.