Isthmus Partners LLC Grows Stock Holdings in Varex Imaging Co. (NASDAQ:VREX)

Isthmus Partners LLC grew its holdings in Varex Imaging Co. (NASDAQ:VREX) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,022 shares of the company’s stock after purchasing an additional 2,058 shares during the quarter. Varex Imaging comprises approximately 1.0% of Isthmus Partners LLC’s portfolio, making the stock its 28th largest holding. Isthmus Partners LLC owned approximately 0.42% of Varex Imaging worth $2,534,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Innealta Capital LLC purchased a new stake in shares of Varex Imaging during the 2nd quarter valued at approximately $26,000. Quest Partners LLC purchased a new stake in shares of Varex Imaging during the 4th quarter valued at approximately $30,000. Pacific Center for Financial Services purchased a new stake in shares of Varex Imaging during the 1st quarter valued at approximately $94,000. Inspire Advisors LLC purchased a new stake in shares of Varex Imaging during the 1st quarter valued at approximately $184,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in shares of Varex Imaging during the 1st quarter valued at approximately $207,000.

Varex Imaging Trading Down 3.5 %

Varex Imaging stock traded down $0.42 during trading on Friday, hitting $11.55. The company had a trading volume of 298,747 shares, compared to its average volume of 410,338. Varex Imaging Co. has a 1-year low of $10.72 and a 1-year high of $21.50. The company has a current ratio of 3.34, a quick ratio of 1.89 and a debt-to-equity ratio of 0.67. The company’s 50 day simple moving average is $13.21 and its 200-day simple moving average is $15.29. The stock has a market cap of $472.40 million, a price-to-earnings ratio of 12.98 and a beta of 0.56.

Varex Imaging (NASDAQ:VREX) last posted its earnings results on Thursday, August 1st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). Varex Imaging had a net margin of 4.11% and a return on equity of 6.11%. The company had revenue of $209.00 million during the quarter, compared to analyst estimates of $209.50 million. During the same quarter last year, the business posted $0.37 EPS. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. As a group, analysts expect that Varex Imaging Co. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, B. Riley started coverage on shares of Varex Imaging in a research report on Friday, August 23rd. They set a “buy” rating and a $21.00 price target on the stock.

Insider Activity at Varex Imaging

In other Varex Imaging news, SVP Kimberley E. Honeysett sold 2,578 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $12.53, for a total value of $32,302.34. Following the completion of the transaction, the senior vice president now owns 275 shares in the company, valued at $3,445.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Varex Imaging news, SVP Kimberley E. Honeysett sold 2,578 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $12.53, for a total value of $32,302.34. Following the completion of the transaction, the senior vice president now owns 275 shares in the company, valued at $3,445.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Shubham Maheshwari purchased 10,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was acquired at an average price of $10.82 per share, with a total value of $108,200.00. Following the purchase, the chief financial officer now owns 56,063 shares of the company’s stock, valued at $606,601.66. The disclosure for this purchase can be found here. 5.20% of the stock is owned by insiders.

About Varex Imaging

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.