WINTON GROUP Ltd Buys 123,263 Shares of Varex Imaging Corp (VREX)
WINTON GROUP Ltd grew its stake in shares of Varex Imaging Corp (NASDAQ:VREX) by 172.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 194,821 shares of the company’s stock after purchasing an additional 123,263 shares during the period. WINTON GROUP Ltd’s holdings in Varex Imaging were worth $7,826,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of VREX. Dimensional Fund Advisors LP bought a new stake in Varex Imaging during the 2nd quarter worth approximately $9,048,000. Voya Investment Management LLC bought a new stake in Varex Imaging during the 2nd quarter worth approximately $589,000. Royal Bank of Canada bought a new stake in Varex Imaging during the 2nd quarter worth approximately $363,000. State Street Corp bought a new stake in Varex Imaging during the 2nd quarter worth approximately $34,722,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Varex Imaging in the 2nd quarter worth approximately $971,000. 93.12% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently weighed in on VREX. Zacks Investment Research downgraded Varex Imaging from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. upgraded Varex Imaging from an “underweight” rating to a “neutral” rating in a research note on Wednesday, December 20th. Finally, Jefferies Group boosted their target price on Varex Imaging to $39.00 and gave the stock a “buy” rating in a research note on Friday, November 10th.
Varex Imaging (NASDAQ:VREX) last announced its earnings results on Thursday, February 1st. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.17). Varex Imaging had a return on equity of 16.90% and a net margin of 7.24%. The business had revenue of $176.20 million during the quarter, compared to analysts’ expectations of $194.00 million. During the same quarter in the previous year, the firm earned $0.37 EPS. Varex Imaging’s quarterly revenue was up 11.9% on a year-over-year basis. research analysts forecast that Varex Imaging Corp will post 1.87 earnings per share for the current fiscal year.
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Varex Imaging Company Profile
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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