Wealth Enhancement Advisory Services LLC Buys New Shares in Varex Imaging (NASDAQ:VREX)

Wealth Enhancement Advisory Services LLC bought a new stake in Varex Imaging (NASDAQ:VREX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,029 shares of the company’s stock, valued at approximately $190,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio grew its stake in shares of Varex Imaging by 89.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 66,950 shares of the company’s stock valued at $977,000 after buying an additional 31,699 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Varex Imaging by 8.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,466 shares of the company’s stock valued at $1,539,000 after buying an additional 8,080 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Varex Imaging in the fourth quarter valued at $48,000. ProShare Advisors LLC bought a new position in shares of Varex Imaging in the fourth quarter valued at $159,000. Finally, Nuveen Asset Management LLC lifted its holdings in Varex Imaging by 0.5% during the 4th quarter. Nuveen Asset Management LLC now owns 161,344 shares of the company’s stock valued at $2,354,000 after purchasing an additional 791 shares during the last quarter.

Varex Imaging Stock Down 6.0%

VREX opened at $7.77 on Wednesday. Varex Imaging has a fifty-two week low of $6.76 and a fifty-two week high of $16.93. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.36 and a current ratio of 4.05. The company has a market capitalization of $320.12 million, a P/E ratio of -7.54 and a beta of 0.66. The stock has a fifty day moving average of $7.98 and a 200-day moving average of $11.49.

Varex Imaging (NASDAQ:VREX) last posted its earnings results on Thursday, May 8th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.12. Varex Imaging had a positive return on equity of 4.91% and a negative net margin of 5.08%. The company had revenue of $212.90 million during the quarter, compared to the consensus estimate of $206.76 million. During the same quarter last year, the firm earned $0.16 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts expect that Varex Imaging will post 0.53 EPS for the current year.

Insider Transactions at Varex Imaging

In related news, SVP Kimberley E. Honeysett sold 4,007 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.81, for a total value of $51,329.67. Following the transaction, the senior vice president now owns 4,002 shares in the company, valued at approximately $51,265.62. This trade represents a 50.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sunny Sanyal sold 8,749 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $11.24, for a total value of $98,338.76. Following the completion of the transaction, the chief executive officer now owns 190,193 shares in the company, valued at $2,137,769.32. The trade was a 4.40% decrease in their position. The disclosure for this sale can be found here. Insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

VREX has been the subject of several research reports. B. Riley raised Varex Imaging to a “strong-buy” rating in a report on Monday, May 12th. Wall Street Zen downgraded Varex Imaging from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 22nd.

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.