10,761 Shares in Varex Imaging (VREX) Purchased by Royal Bank of Canada

Royal Bank of Canada bought a new position in shares of Varex Imaging (NASDAQ:VREX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,761 shares of the company’s stock, valued at approximately $363,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of VREX. Hussman Strategic Advisors Inc. acquired a new stake in shares of Varex Imaging during the second quarter worth about $147,000. Independent Order of Foresters acquired a new stake in shares of Varex Imaging during the second quarter worth about $243,000. Seaward Management Limited Partnership acquired a new stake in shares of Varex Imaging during the second quarter worth about $213,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Varex Imaging during the second quarter worth about $5,349,000. Finally, Foundry Partners LLC acquired a new stake in shares of Varex Imaging during the second quarter worth about $455,000. Institutional investors and hedge funds own 92.94% of the company’s stock.

TRADEMARK VIOLATION WARNING: “10,761 Shares in Varex Imaging (VREX) Purchased by Royal Bank of Canada” was first published by Transcript Daily and is the property of of Transcript Daily. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this report can be viewed at https://transcriptdaily.com/2017/11/17/10761-shares-in-varex-imaging-vrex-purchased-by-royal-bank-of-canada.html.

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

Shares of Varex Imaging (VREX) opened at $36.86 on Friday. Varex Imaging has a 52-week low of $25.00 and a 52-week high of $37.15. 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 issued its quarterly earnings results on Thursday, November 9th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.07. The company had revenue of $216.00 million during the quarter, compared to analyst estimates of $213.73 million. The business’s revenue was up 25.5% on a year-over-year basis. sell-side analysts anticipate that Varex Imaging will post 1.82 earnings per share for the current year.

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)

Receive News & Ratings for Varex Imaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varex Imaging and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply