Universal Beteiligungs und Servicegesellschaft mbH Invests $160,000 in VAREX IMAGING (NASDAQ:VREX)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of VAREX IMAGING (NASDAQ:VREX) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,780 shares of the company’s stock, valued at approximately $160,000.

Several other institutional investors have also modified their holdings of VREX. Nuveen Asset Management LLC lifted its stake in VAREX IMAGING by 0.5% in the 4th quarter. Nuveen Asset Management LLC now owns 161,344 shares of the company’s stock valued at $2,354,000 after buying an additional 791 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of VAREX IMAGING by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,072 shares of the company’s stock worth $322,000 after buying an additional 864 shares during the last quarter. Barclays PLC increased its holdings in VAREX IMAGING by 1.1% in the 4th quarter. Barclays PLC now owns 98,964 shares of the company’s stock valued at $1,444,000 after purchasing an additional 1,081 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in VAREX IMAGING by 115.4% in the 4th quarter. Quadrant Capital Group LLC now owns 2,837 shares of the company’s stock valued at $41,000 after purchasing an additional 1,520 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in VAREX IMAGING in the 4th quarter valued at about $25,000.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VREX. Wall Street Zen raised shares of VAREX IMAGING from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 5th. B. Riley raised shares of VAREX IMAGING to a “strong-buy” rating in a research report on Monday, May 12th.

VAREX IMAGING Stock Performance

Shares of VREX stock opened at $6.96 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.36 and a current ratio of 4.05. VAREX IMAGING has a one year low of $6.76 and a one year high of $16.93. The company’s 50-day simple moving average is $8.04 and its 200-day simple moving average is $9.86. The stock has a market capitalization of $286.75 million, a price-to-earnings ratio of -6.76 and a beta of 0.68.

VAREX IMAGING (NASDAQ:VREX) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.14 by $0.12. VAREX IMAGING had a negative net margin of 5.08% and a positive return on equity of 4.91%. The business had revenue of $212.90 million for the quarter, compared to analysts’ expectations of $206.76 million. During the same quarter last year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts anticipate that VAREX IMAGING will post 0.53 earnings per share for the current fiscal year.

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.