EntryPoint Capital LLC Purchases 12,285 Shares of Varex Imaging Co. (NASDAQ:VREX)

EntryPoint Capital LLC grew its holdings in shares of Varex Imaging Co. (NASDAQ:VREX) by 39.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,232 shares of the company’s stock after buying an additional 12,285 shares during the quarter. EntryPoint Capital LLC owned 0.10% of Varex Imaging worth $631,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. KLP Kapitalforvaltning AS bought a new position in Varex Imaging in the 4th quarter valued at $98,000. American Century Companies Inc. grew its holdings in shares of Varex Imaging by 65.9% in the fourth quarter. American Century Companies Inc. now owns 66,402 shares of the company’s stock worth $969,000 after purchasing an additional 26,387 shares during the last quarter. Boston Partners purchased a new position in Varex Imaging in the 4th quarter worth about $8,718,000. Royce & Associates LP raised its stake in shares of Varex Imaging by 70.4% during the fourth quarter. Royce & Associates LP now owns 746,770 shares of the company’s stock valued at $10,895,000 after acquiring an additional 308,629 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Varex Imaging by 87.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,030 shares of the company’s stock valued at $715,000 after purchasing an additional 22,829 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts recently weighed in on VREX shares. Oppenheimer decreased their price objective on Varex Imaging from $30.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, February 7th. B. Riley restated a “buy” rating and issued a $22.00 price target (up previously from $21.00) on shares of Varex Imaging in a report on Friday, February 7th. Finally, StockNews.com upgraded shares of Varex Imaging from a “hold” rating to a “buy” rating in a research note on Friday, February 7th.

Varex Imaging Price Performance

Shares of VREX stock opened at $12.45 on Tuesday. The stock’s 50-day moving average is $13.26 and its 200 day moving average is $13.44. Varex Imaging Co. has a 1-year low of $10.19 and a 1-year high of $18.30. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.36 and a quick ratio of 2.50. The company has a market cap of $512.94 million, a P/E ratio of -10.64 and a beta of 0.56.

Varex Imaging (NASDAQ:VREX) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. Varex Imaging had a negative net margin of 5.79% and a positive return on equity of 4.00%. Research analysts predict that Varex Imaging Co. will post 0.53 earnings per share for the current fiscal year.

Insider Transactions at Varex Imaging

In other news, SVP Kimberley E. Honeysett sold 4,007 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.81, for a total transaction of $51,329.67. Following the sale, the senior vice president now owns 4,002 shares in the company, valued at approximately $51,265.62. The trade was a 50.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.30% of the company’s stock.

Varex Imaging 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.