Cwm LLC Increases Stake in Varex Imaging Co. (NASDAQ:VREX)

Cwm LLC grew its stake in shares of Varex Imaging Co. (NASDAQ:VREX) by 2,384.2% in the third quarter, HoldingsChannel.com reports. The firm owned 9,589 shares of the company’s stock after buying an additional 9,203 shares during the quarter. Cwm LLC’s holdings in Varex Imaging were worth $114,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. raised its holdings in Varex Imaging by 424.3% during the 1st quarter. Russell Investments Group Ltd. now owns 81,847 shares of the company’s stock valued at $1,481,000 after buying an additional 66,235 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Varex Imaging by 287.4% in the second quarter. Harbor Capital Advisors Inc. now owns 165,103 shares of the company’s stock valued at $2,432,000 after acquiring an additional 122,488 shares during the period. First Eagle Investment Management LLC raised its stake in shares of Varex Imaging by 11.8% during the first quarter. First Eagle Investment Management LLC now owns 357,687 shares of the company’s stock valued at $6,474,000 after acquiring an additional 37,800 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Varex Imaging during the first quarter worth about $734,000. Finally, Deerfield Management Company L.P. Series C bought a new stake in shares of Varex Imaging in the second quarter worth about $971,000.

Insider Activity

In other Varex Imaging news, SVP Kimberley E. Honeysett sold 2,578 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $12.53, for a total value of $32,302.34. Following the completion of the transaction, the senior vice president now owns 275 shares in the company, valued at approximately $3,445.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Shubham Maheshwari purchased 10,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average cost of $10.82 per share, with a total value of $108,200.00. Following the transaction, the chief financial officer now directly owns 56,063 shares in the company, valued at $606,601.66. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kimberley E. Honeysett sold 2,578 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $12.53, for a total value of $32,302.34. Following the transaction, the senior vice president now directly owns 275 shares of the company’s stock, valued at approximately $3,445.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, B. Riley initiated coverage on Varex Imaging in a research report on Friday, August 23rd. They set a “buy” rating and a $21.00 price target for the company.

Varex Imaging Stock Up 0.7 %

Shares of Varex Imaging stock opened at $12.91 on Friday. The company’s fifty day simple moving average is $11.80 and its two-hundred day simple moving average is $13.88. Varex Imaging Co. has a 12-month low of $10.19 and a 12-month high of $21.50. The company has a current ratio of 3.34, a quick ratio of 1.89 and a debt-to-equity ratio of 0.67. The company has a market cap of $528.02 million, a P/E ratio of 14.51 and a beta of 0.55.

Varex Imaging (NASDAQ:VREX) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). The company had revenue of $209.00 million during the quarter, compared to the consensus estimate of $209.50 million. Varex Imaging had a return on equity of 6.11% and a net margin of 4.11%. Varex Imaging’s quarterly revenue was down 10.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 earnings per share. Research analysts anticipate that Varex Imaging Co. will post 0.46 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.