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Rice Hall James & Associates LLC Boosts Stake in Varex Imaging (NASDAQ:VREX)

Varex Imaging logo with Medical background

Rice Hall James & Associates LLC grew its position in Varex Imaging (NASDAQ:VREX - Free Report) by 75.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 575,787 shares of the company's stock after acquiring an additional 247,095 shares during the quarter. Rice Hall James & Associates LLC owned about 1.40% of Varex Imaging worth $6,679,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Boston Partners bought a new position in Varex Imaging in the 4th quarter valued at $8,718,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Varex Imaging by 21.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,779,412 shares of the company's stock valued at $31,769,000 after purchasing an additional 481,537 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Varex Imaging by 510.7% during the fourth quarter. Russell Investments Group Ltd. now owns 471,612 shares of the company's stock valued at $6,881,000 after purchasing an additional 394,381 shares during the period. Royce & Associates LP grew its holdings in shares of Varex Imaging by 70.4% in the fourth quarter. Royce & Associates LP now owns 746,770 shares of the company's stock worth $10,895,000 after purchasing an additional 308,629 shares during the last quarter. Finally, LSV Asset Management increased its stake in Varex Imaging by 826.3% in the 4th quarter. LSV Asset Management now owns 326,979 shares of the company's stock worth $4,771,000 after buying an additional 291,679 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Varex Imaging from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. B. Riley raised shares of Varex Imaging to a "strong-buy" rating in a research note on Monday, May 12th.

View Our Latest Stock Analysis on VREX

Varex Imaging Stock Down 2.9%

Shares of VREX stock traded down $0.24 during mid-day trading on Monday, hitting $7.93. The stock had a trading volume of 283,000 shares, compared to its average volume of 473,237. Varex Imaging has a 12-month low of $6.76 and a 12-month high of $16.93. The company has a debt-to-equity ratio of 1.00, a current ratio of 4.05 and a quick ratio of 2.36. The firm's 50-day moving average is $8.11 and its two-hundred day moving average is $10.59. The firm has a market capitalization of $326.72 million, a P/E ratio of -7.70 and a beta of 0.70.

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

About Varex Imaging

(Free Report)

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.

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

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