Rice Hall James & Associates LLC Has $4.80 Million Position in Varex Imaging Co. (NASDAQ:VREX)

Rice Hall James & Associates LLC raised its stake in shares of Varex Imaging Co. (NASDAQ:VREX) by 240.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 328,692 shares of the company’s stock after purchasing an additional 232,229 shares during the period. Rice Hall James & Associates LLC’s holdings in Varex Imaging were worth $4,796,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of VREX. Quest Partners LLC acquired a new position in Varex Imaging in the 3rd quarter valued at $41,000. CWM LLC increased its stake in shares of Varex Imaging by 2,384.2% in the third quarter. CWM LLC now owns 9,589 shares of the company’s stock worth $114,000 after purchasing an additional 9,203 shares during the period. Inspire Advisors LLC increased its position in Varex Imaging by 29.8% in the 3rd quarter. Inspire Advisors LLC now owns 14,149 shares of the company’s stock worth $169,000 after buying an additional 3,245 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Varex Imaging by 13.7% during the third quarter. Intech Investment Management LLC now owns 16,267 shares of the company’s stock worth $194,000 after buying an additional 1,959 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Varex Imaging in the third quarter worth $204,000.

Varex Imaging Stock Performance

Shares of Varex Imaging stock opened at $13.27 on Tuesday. Varex Imaging Co. has a 52-week low of $10.19 and a 52-week high of $18.30. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.32 and a quick ratio of 1.97. The company’s fifty day moving average price is $14.17 and its two-hundred day moving average price is $13.31.

Varex Imaging (NASDAQ:VREX) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. Varex Imaging had a negative net margin of 5.79% and a positive return on equity of 3.96%. Analysts anticipate that Varex Imaging Co. will post 0.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VREX. StockNews.com raised shares of Varex Imaging from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Oppenheimer reduced their target price on shares of Varex Imaging from $30.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Finally, B. Riley restated a “buy” rating and set a $22.00 price target (up from $21.00) on shares of Varex Imaging in a research note on Friday, February 7th.

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.