Inceptionr LLC Invests $168,000 in Varex Imaging Co. (NASDAQ:VREX)

Inceptionr LLC purchased a new position in shares of Varex Imaging Co. (NASDAQ:VREX) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 11,522 shares of the company’s stock, valued at approximately $168,000.

Several other institutional investors have also modified their holdings of VREX. Quest Partners LLC purchased a new stake in shares of Varex Imaging during the 3rd quarter worth approximately $41,000. US Bancorp DE raised its position in shares of Varex Imaging by 149.8% during the 4th quarter. US Bancorp DE now owns 7,386 shares of the company’s stock worth $108,000 after purchasing an additional 4,429 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Varex Imaging by 60.7% during the 4th quarter. New York State Common Retirement Fund now owns 9,531 shares of the company’s stock worth $139,000 after purchasing an additional 3,600 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of Varex Imaging during the 4th quarter worth approximately $147,000. Finally, Intech Investment Management LLC raised its position in shares of Varex Imaging by 13.7% during the 3rd quarter. Intech Investment Management LLC now owns 16,267 shares of the company’s stock worth $194,000 after purchasing an additional 1,959 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on VREX shares. Oppenheimer cut their price objective on Varex Imaging from $30.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. StockNews.com upgraded Varex Imaging from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, B. Riley reiterated a “buy” rating and issued a $22.00 price target (up from $21.00) on shares of Varex Imaging in a report on Friday, February 7th.

Varex Imaging Trading Down 2.1 %

Shares of VREX opened at $12.54 on Tuesday. The stock has a fifty day moving average of $13.54 and a two-hundred day moving average of $13.40. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.50 and a current ratio of 4.36. The company has a market capitalization of $516.65 million, a PE ratio of -10.72 and a beta of 0.56. Varex Imaging Co. has a fifty-two week low of $10.19 and a fifty-two week high of $18.30.

Varex Imaging (NASDAQ:VREX) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. Varex Imaging had a positive return on equity of 4.00% and a negative net margin of 5.79%. As a group, analysts forecast that Varex Imaging Co. will post 0.53 EPS for the current year.

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.