Citigroup Inc. Invests $1.05 Million in VAREX IMAGING (VREX) Stock
Citigroup Inc. bought a new stake in VAREX IMAGING (NASDAQ:VREX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 31,098 shares of the company’s stock, valued at approximately $1,051,000. Citigroup Inc. owned about 0.08% of VAREX IMAGING at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Security National Trust Co. acquired a new position in VAREX IMAGING in the 2nd quarter valued at about $108,000. Howard Hughes Medical Institute acquired a new position in VAREX IMAGING in the 2nd quarter valued at about $134,000. Oppenheimer Asset Management Inc. acquired a new position in VAREX IMAGING in the 2nd quarter valued at about $136,000. Hussman Strategic Advisors Inc. acquired a new position in VAREX IMAGING in the 2nd quarter valued at about $147,000. Finally, Pinebridge Investments L.P. acquired a new position in VAREX IMAGING in the 2nd quarter valued at about $167,000. Institutional investors own 91.72% of the company’s stock.
VAREX IMAGING (VREX) opened at 33.03 on Friday. The firm has a market capitalization of $1.24 billion and a price-to-earnings ratio of 21.13. VAREX IMAGING has a 12-month low of $25.00 and a 12-month high of $36.58. The firm has a 50-day moving average of $30.08 and a 200 day moving average of $32.62.
VAREX IMAGING (NASDAQ:VREX) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.07). The firm had revenue of $170.00 million for the quarter, compared to analyst estimates of $179.05 million. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, equities analysts predict that VAREX IMAGING will post $1.75 EPS for the current year.
Several research firms have weighed in on VREX. Zacks Investment Research upgraded shares of VAREX IMAGING from a “strong sell” rating to a “hold” rating in a report on Thursday. J P Morgan Chase & Co lowered shares of VAREX IMAGING from a “neutral” rating to an “underweight” rating and set a $33.00 target price on the stock. in a report on Wednesday. Finally, Jefferies Group LLC began coverage on shares of VAREX IMAGING in a report on Wednesday, August 9th. They issued a “buy” rating and a $34.00 target price on the stock.
About VAREX IMAGING
Varex Imaging Corporation is a supplier of medical X-ray tubes and image processing solutions. The Company’s segments include Medical and Industrial. The X-ray imaging system manufacturers use the Company’s components for medical imaging, cargo screening and border security, to detect, diagnose and protect.
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