Versor Investments LP Acquires New Shares in Varex Imaging Co. (NASDAQ:VREX)

Versor Investments LP purchased a new stake in shares of Varex Imaging Co. (NASDAQ:VREXFree Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,350 shares of the company’s stock, valued at approximately $270,000.

A number of other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Varex Imaging by 0.6% during the second quarter. BlackRock Inc. now owns 7,498,401 shares of the company’s stock valued at $176,737,000 after purchasing an additional 47,691 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Varex Imaging by 1.8% during the third quarter. Vanguard Group Inc. now owns 4,452,336 shares of the company’s stock valued at $94,122,000 after purchasing an additional 76,727 shares in the last quarter. Shapiro Capital Management LLC boosted its stake in shares of Varex Imaging by 5.7% during the first quarter. Shapiro Capital Management LLC now owns 3,146,292 shares of the company’s stock valued at $66,985,000 after purchasing an additional 168,322 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Varex Imaging by 3.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,018,300 shares of the company’s stock valued at $56,714,000 after purchasing an additional 88,406 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Varex Imaging by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,293,824 shares of the company’s stock valued at $54,065,000 after purchasing an additional 66,993 shares in the last quarter.

Insider Activity

In other news, SVP Kimberley E. Honeysett sold 6,174 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $19.72, for a total transaction of $121,751.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.20% of the company’s stock.

Varex Imaging Stock Down 0.4 %

VREX stock opened at $19.27 on Thursday. The stock’s fifty day simple moving average is $19.96 and its two-hundred day simple moving average is $19.81. The company has a current ratio of 4.04, a quick ratio of 2.34 and a debt-to-equity ratio of 0.76. Varex Imaging Co. has a 1-year low of $17.05 and a 1-year high of $23.90. The stock has a market cap of $781.01 million, a P/E ratio of 18.35, a P/E/G ratio of 0.86 and a beta of 0.80.

Varex Imaging (NASDAQ:VREXGet Free Report) last posted its quarterly earnings data on Tuesday, November 14th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.12. Varex Imaging had a return on equity of 9.60% and a net margin of 5.40%. The business had revenue of $227.40 million for the quarter, compared to analysts’ expectations of $233.38 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. Analysts expect that Varex Imaging Co. will post 1.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on VREX. Oppenheimer cut their price objective on Varex Imaging from $42.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 15th. TheStreet raised Varex Imaging from a “c+” rating to a “b-” rating in a research note on Wednesday, January 3rd. Finally, StockNews.com lowered Varex Imaging from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 23rd.

Get Our Latest Research Report on Varex Imaging

Varex Imaging Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Varex Imaging (NASDAQ:VREX)

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