Zurcher Kantonalbank Zurich Cantonalbank Has $131,000 Stake in VAREX IMAGING (NASDAQ:VREX)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of VAREX IMAGING (NASDAQ:VREX) by 58.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,279 shares of the company’s stock after acquiring an additional 4,139 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in VAREX IMAGING were worth $131,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in VAREX IMAGING by 21.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,779,412 shares of the company’s stock worth $31,769,000 after buying an additional 481,537 shares during the period. Cooke & Bieler LP lifted its holdings in VAREX IMAGING by 18.7% during the 1st quarter. Cooke & Bieler LP now owns 2,122,683 shares of the company’s stock worth $24,623,000 after buying an additional 333,794 shares during the period. Royce & Associates LP raised its position in shares of VAREX IMAGING by 2.1% in the 1st quarter. Royce & Associates LP now owns 762,733 shares of the company’s stock worth $8,848,000 after acquiring an additional 15,963 shares in the last quarter. Rice Hall James & Associates LLC raised its position in shares of VAREX IMAGING by 75.2% in the 1st quarter. Rice Hall James & Associates LLC now owns 575,787 shares of the company’s stock worth $6,679,000 after acquiring an additional 247,095 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of VAREX IMAGING by 18.0% in the 4th quarter. AQR Capital Management LLC now owns 570,876 shares of the company’s stock worth $8,329,000 after acquiring an additional 87,098 shares in the last quarter.

VAREX IMAGING Price Performance

Shares of NASDAQ VREX opened at $9.48 on Monday. VAREX IMAGING has a twelve month low of $6.76 and a twelve month high of $16.93. The stock’s 50 day moving average price is $8.04 and its 200-day moving average price is $9.69. The company has a market capitalization of $393.42 million, a PE ratio of -2.95 and a beta of 0.68. The company has a quick ratio of 1.82, a current ratio of 3.51 and a debt-to-equity ratio of 0.78.

VAREX IMAGING (NASDAQ:VREX) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.04 by $0.14. VAREX IMAGING had a positive return on equity of 5.54% and a negative net margin of 16.13%. The business had revenue of $203.00 million for the quarter, compared to the consensus estimate of $190.32 million. On average, equities analysts anticipate that VAREX IMAGING will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VREX. B. Riley lifted their price objective on VAREX IMAGING from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday. Wall Street Zen downgraded VAREX IMAGING from a “strong-buy” rating to a “buy” rating in a research note on Saturday.

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.