First Eagle Investment Management LLC Boosts Holdings in Varex Imaging Co. (NASDAQ:VREX)

First Eagle Investment Management LLC lifted its stake in shares of Varex Imaging Co. (NASDAQ:VREX) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 359,937 shares of the company’s stock after purchasing an additional 2,250 shares during the period. First Eagle Investment Management LLC owned about 0.88% of Varex Imaging worth $5,302,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Innealta Capital LLC acquired a new position in shares of Varex Imaging during the second quarter valued at approximately $26,000. Quest Partners LLC purchased a new position in shares of Varex Imaging in the fourth quarter worth about $30,000. Pacific Center for Financial Services purchased a new stake in Varex Imaging during the 1st quarter valued at about $94,000. Inspire Advisors LLC acquired a new stake in Varex Imaging in the 1st quarter valued at about $184,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in Varex Imaging in the 1st quarter valued at about $207,000.

Insider Buying and Selling

In other Varex Imaging news, CFO Shubham Maheshwari bought 10,000 shares of Varex Imaging stock in a transaction on Monday, August 12th. The shares were bought at an average price of $10.82 per share, for a total transaction of $108,200.00. Following the completion of the transaction, the chief financial officer now directly owns 56,063 shares of the company’s stock, valued at $606,601.66. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Shubham Maheshwari purchased 10,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was acquired at an average cost of $10.82 per share, for a total transaction of $108,200.00. Following the completion of the transaction, the chief financial officer now directly owns 56,063 shares in the company, valued at $606,601.66. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Kimberley E. Honeysett sold 2,578 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $12.53, for a total transaction of $32,302.34. Following the completion of the transaction, the senior vice president now owns 275 shares in the company, valued at $3,445.75. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

Varex Imaging Trading Down 0.8 %

Shares of VREX stock opened at $10.79 on Friday. The company has a current ratio of 3.34, a quick ratio of 1.89 and a debt-to-equity ratio of 0.67. Varex Imaging Co. has a twelve month low of $10.19 and a twelve month high of $21.50. The company’s 50-day moving average price is $12.56 and its 200-day moving average price is $14.88. The stock has a market cap of $441.31 million, a price-to-earnings ratio of 12.12 and a beta of 0.56.

Varex Imaging (NASDAQ:VREX) last posted its earnings results on Thursday, August 1st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). Varex Imaging had a net margin of 4.11% and a return on equity of 6.11%. The firm had revenue of $209.00 million during the quarter, compared to analyst estimates of $209.50 million. During the same quarter in the previous year, the firm earned $0.37 earnings per share. The business’s revenue for the quarter was down 10.0% compared to the same quarter last year. As a group, equities analysts predict that Varex Imaging Co. will post 0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.