Varex Imaging Co. (NASDAQ:VREX) Shares Bought by Isthmus Partners LLC

Isthmus Partners LLC raised its position in shares of Varex Imaging Co. (NASDAQ:VREX) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,874 shares of the company’s stock after acquiring an additional 1,260 shares during the quarter. Isthmus Partners LLC owned approximately 0.36% of Varex Imaging worth $2,187,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Quest Partners LLC acquired a new position in Varex Imaging in the 3rd quarter valued at $41,000. US Bancorp DE grew its holdings in shares of Varex Imaging by 149.8% during the fourth quarter. US Bancorp DE now owns 7,386 shares of the company’s stock worth $108,000 after buying an additional 4,429 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Varex Imaging by 60.7% in the fourth quarter. New York State Common Retirement Fund now owns 9,531 shares of the company’s stock valued at $139,000 after buying an additional 3,600 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of Varex Imaging in the fourth quarter worth about $147,000. Finally, Inceptionr LLC acquired a new position in Varex Imaging during the fourth quarter worth about $168,000.

Wall Street Analyst Weigh In

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

Varex Imaging Stock Up 0.7 %

VREX stock opened at $12.81 on Monday. The firm has a market cap of $527.77 million, a PE ratio of -10.95 and a beta of 0.56. Varex Imaging Co. has a one year low of $10.19 and a one year high of $18.30. 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 firm’s 50 day moving average price is $13.58 and its 200-day moving average price is $13.39.

Varex Imaging (NASDAQ:VREX) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.07 EPS 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%. On average, equities research analysts anticipate that Varex Imaging Co. will post 0.53 EPS for the current year.

Varex Imaging 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.