Royce & Associates LP Purchases 308,629 Shares of Varex Imaging Co. (NASDAQ:VREX)

Royce & Associates LP increased its position in Varex Imaging Co. (NASDAQ:VREX) by 70.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 746,770 shares of the company’s stock after buying an additional 308,629 shares during the period. Royce & Associates LP owned about 1.81% of Varex Imaging worth $10,895,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Empowered Funds LLC grew its position in shares of Varex Imaging by 5.3% during the third quarter. Empowered Funds LLC now owns 158,873 shares of the company’s stock worth $1,894,000 after purchasing an additional 8,040 shares in the last quarter. Quest Partners LLC bought a new position in Varex Imaging in the 3rd quarter worth approximately $41,000. LMR Partners LLP purchased a new stake in Varex Imaging during the 3rd quarter valued at approximately $243,000. Factorial Partners LLC bought a new stake in shares of Varex Imaging during the third quarter valued at approximately $399,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Varex Imaging in the third quarter worth $312,000.

Wall Street Analysts Forecast Growth

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

Varex Imaging Stock Performance

Shares of NASDAQ:VREX opened at $12.82 on Tuesday. The firm has a fifty day simple moving average of $13.35 and a two-hundred day simple moving average of $13.42. Varex Imaging Co. has a 52 week low of $10.19 and a 52 week high of $18.30. The company has a quick ratio of 2.50, a current ratio of 4.36 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $528.18 million, a P/E ratio of -10.96 and a beta of 0.56.

Varex Imaging (NASDAQ:VREX) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.07 EPS for the quarter, topping 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, analysts expect that Varex Imaging Co. will post 0.53 earnings per share for the current fiscal year.

About Varex Imaging

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.