Inspire Advisors LLC Has $169,000 Stock Position in Varex Imaging Co. (NASDAQ:VREX)

Inspire Advisors LLC raised its position in shares of Varex Imaging Co. (NASDAQ:VREX) by 29.8% in the 3rd quarter, Holdings Channel reports. The firm owned 14,149 shares of the company’s stock after acquiring an additional 3,245 shares during the period. Inspire Advisors LLC’s holdings in Varex Imaging were worth $169,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Varex Imaging by 0.6% during the first quarter. Vanguard Group Inc. now owns 4,612,324 shares of the company’s stock valued at $83,483,000 after purchasing an additional 29,511 shares in the last quarter. Pzena Investment Management LLC grew its stake in shares of Varex Imaging by 41.5% during the second quarter. Pzena Investment Management LLC now owns 2,569,213 shares of the company’s stock worth $37,845,000 after buying an additional 753,454 shares during the last quarter. First Eagle Investment Management LLC grew its stake in shares of Varex Imaging by 0.6% during the second quarter. First Eagle Investment Management LLC now owns 359,937 shares of the company’s stock worth $5,302,000 after buying an additional 2,250 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Varex Imaging by 2.0% during the first quarter. Principal Financial Group Inc. now owns 226,410 shares of the company’s stock worth $4,098,000 after buying an additional 4,495 shares during the last quarter. Finally, Isthmus Partners LLC grew its stake in shares of Varex Imaging by 1.2% during the second quarter. Isthmus Partners LLC now owns 172,022 shares of the company’s stock worth $2,534,000 after buying an additional 2,058 shares during the last quarter.

Varex Imaging Stock Performance

NASDAQ VREX opened at $12.35 on Monday. The firm’s fifty day moving average price is $11.71 and its two-hundred day moving average price is $14.01. The stock has a market cap of $505.12 million, a PE ratio of 13.88 and a beta of 0.55. Varex Imaging Co. has a fifty-two week low of $10.19 and a fifty-two week high of $21.50. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.89 and a current ratio of 3.34.

Varex Imaging (NASDAQ:VREX) last issued its quarterly earnings data 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 return on equity of 6.11% and a net margin of 4.11%. The business had revenue of $209.00 million during the quarter, compared to the consensus estimate of $209.50 million. During the same period in the prior year, the firm earned $0.37 EPS. The business’s revenue for the quarter was down 10.0% compared to the same quarter last year. On average, equities analysts expect that Varex Imaging Co. will post 0.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, B. Riley started coverage on shares of Varex Imaging in a research note on Friday, August 23rd. They set a “buy” rating and a $21.00 target price on the stock.

Insider Buying and Selling

In related news, SVP Kimberley E. Honeysett sold 2,578 shares of the business’s stock in a transaction 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 sale, the senior vice president now owns 275 shares of the company’s stock, valued at $3,445.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Shubham Maheshwari purchased 9,007 shares of the business’s stock in a transaction on Friday, August 9th. The shares were acquired at an average price of $10.98 per share, with a total value of $98,896.86. Following the completion of the transaction, the chief financial officer now owns 46,063 shares of the company’s stock, valued at $505,771.74. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kimberley E. Honeysett sold 2,578 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $12.53, for a total transaction of $32,302.34. Following the sale, the senior vice president now directly owns 275 shares in the company, valued at $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 insiders.

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.